How Much tax will i pay?

I am Currently looking to change jobs but will take a pay cut, How much tax will i pay on 拢11,000, Will my tax code change and how much can i be expecting to clear each month?



Please help??How Much tax will i pay?
Your tax code remains the same. (most people's is about 600; ie the first 拢6000 you earn is untaxed.)



So, on 拢11,000 you'll pay about 21% of 拢5,000 in tax.

You'll also have to pay NI on top, of course.



Take a look at tax-credits though. I had a job last year where I was earning just 拢6.20 an hour, but the Tax Office paid an extra 拢50 a week into my bank account in working tax credits. It was great.



(search the HMRC web-site.)How Much tax will i pay?
Bit unusual to take a pay cut,but, your tax code will not change and as a general rule of thumb - give or take a few quid you lose about 26% for tax and National Insurance. (why they don't just lump it together and call it tax I don't know)

So on 11k you should finish up with about 拢190 a week.
Won't be quite as bad as you may think. Your tax allowance will increase to 拢6475 on 6th April for the year 2009/10. Play around with http://www.listentotaxman.co.uk .
Tax code won't change. You can earn the same amount before tax as you can now. Roughly a third of your wages are tax.
Around 10,000