Gaz Posted July 18, 2012 Report Share Posted July 18, 2012 No you wouldn't. You'd only get taxed 50% on £5k. You wouldn't lose £2.5k just to stay out of the bracket... Brain fart on my part there! Hahaha I don't need to explain my earnings to you sorry haters (obviously on benifits lol) Scrimja runs his own business. Si earns good money and is in a good position in his company. Neither are haters nor 'obviously on benefits'. Link to comment Share on other sites More sharing options...
e46_Steve Posted July 18, 2012 Report Share Posted July 18, 2012 Doesn't sound like it, well I'm not here to justify myself lol Just roll on when she's 18 lol Sent Via Tapatalk Link to comment Share on other sites More sharing options...
Dr T Posted July 18, 2012 Report Share Posted July 18, 2012 (edited) Not to mention if you were earning £155k a year for instance, you'd just get your employer to knock it down to £149,999 a year to avoid going in to the high tax band, so I'd assume it must a fair chunk higher than £150k. that doesn't make sense. if the tax bracket for 50% is £150k and you earn £155k you only get taxed at 50% for the 5k above 150. You will never pay more tax and take home less by earning more. Its not like stamp duty which is the opposite in as much as a house over a certain threshold will incur an increased % of stamp duty on the entire value not just the bit over the threshold. I think currently you pay 20% tax on the first £34k (less personal allowance (about 8k i think this year), then anything above that but lower than £150k you get taxed at 40% and above £150k is 50% so if your salary is 155k you pay (don't quote me on the tax brackets) 20% on the £37k (less personal allowance (which at above 100k i don't think you get) = £7.4k 40% on the next £113k (150 - 37) = £45.2k 50% on the final £5k = £2.5k Total tax something around £55.1k Not 50% on the entire 150k which would be £77.5k Edited July 18, 2012 by Dr T Phantom Mark 1 Link to comment Share on other sites More sharing options...
Jay. Posted July 18, 2012 Report Share Posted July 18, 2012 Think it's un fair to judge the guys position when you don't even know him - it's a salary thread not a bitch at each other thread which a lot of threads seem to turn into on here these days :-( Dr T, mit and RickyZ 3 Link to comment Share on other sites More sharing options...
e46_Steve Posted July 18, 2012 Report Share Posted July 18, 2012 Yeah your right jay! I came on here to talk to other people with e46's. So in the style of duncan bannatyne.... For that reason and that reason alone, I'm out. Lol Sent Via Tapatalk Link to comment Share on other sites More sharing options...
Rich330ci Posted July 18, 2012 Report Share Posted July 18, 2012 I am considerably richer then you! (in voice of Harry Enfield as stan!) i can afford something like a M3/M5 but see it as a bit of a waste tbh, i have a company van and the g/f has a car so my 330ci sits there all the time as it is, might use it once a month if lucky these days! Link to comment Share on other sites More sharing options...
e46_Steve Posted July 18, 2012 Report Share Posted July 18, 2012 Hahahaha like it mate! Shame about the lack of use of the motor lol Sent Via Tapatalk Link to comment Share on other sites More sharing options...
rick323 Posted July 18, 2012 Report Share Posted July 18, 2012 number 2 for me. coming up to 4 years service as a REME Armourer in the Army. 22K a year as a private soldier, slowy creaping up every year. also getting quals handed to me left right and centre, free apprenteship in engineering. will have my full level 3 NVQ in 3 years time. aim to be on around 30K by then Gaz, sabreuk and sag2 3 Link to comment Share on other sites More sharing options...
simonlpearce Posted July 18, 2012 Report Share Posted July 18, 2012 Hahahaha like it mate! Shame about the lack of use of the motor lol Sent Via Tapatalk I wasnt trying to have a dig in any, just my sarcsm doesnt come across too well. And to f**king right im jealous! I earn decent money considering i havent got any proper qualifications, but i sure as hell wouldnt mind earning more Link to comment Share on other sites More sharing options...
e46_Steve Posted July 19, 2012 Report Share Posted July 19, 2012 Who wouldn't! Lol I left school with n qualifications, but got lucky when I went for an interview for my apprenticeship. I completed my NVQ3 and currently working on my managers qualifications s if you need any help, just let me know. Sent Via Tapatalk Link to comment Share on other sites More sharing options...
mit Posted July 19, 2012 Report Share Posted July 19, 2012 20 pages... and nobody has corrected the spelling in the title of the thread. What is the world coming to? Where's the spelling gestapo got to? Phantom Mark and RickyZ 2 Link to comment Share on other sites More sharing options...
PeterH Posted July 19, 2012 Report Share Posted July 19, 2012 Datz HoW U SpeEl SalAriES init! mit 1 Link to comment Share on other sites More sharing options...
Matt23 Posted July 20, 2012 Report Share Posted July 20, 2012 before or after tax? plays a massive part for me unfortunately hopefully not when i go self employed though Link to comment Share on other sites More sharing options...
fatboy Posted August 6, 2012 Report Share Posted August 6, 2012 Michelin Franchise manager @ Costco wholesale on 35k plus good care package. Fab company to work for and I get to thrap M3's and supercars round race tracks for free. 38-45 hours a week. Turned down few promotions now as I'm 27 and I seem to have the perfect work/life balance at the moment. Writing my own schedule is worth 100k to me, lol. Quality time with my son is priceless. No qualies, just hard work and the right attitude can get you far in life. RickyZ 1 Link to comment Share on other sites More sharing options...
Matt_S Posted August 7, 2012 Report Share Posted August 7, 2012 Who wouldn't! Lol I left school with n qualifications, but got lucky when I went for an interview for my apprenticeship. I completed my NVQ3 and currently working on my managers qualifications s if you need any help, just let me know. Sent Via Tapatalk I wouldnt advise getting Steve to write anything though... He might have done an apprenticeship, college and training state side, but nobody felt the need to tell him that he couldnt spell for s**t... No offence intended! Link to comment Share on other sites More sharing options...
e46_Steve Posted August 12, 2012 Report Share Posted August 12, 2012 Ha spelling has never really been one of my strong points. It doesn't help that my android key keep sticking lol Sent from my U8350 using Tapatalk 2 Link to comment Share on other sites More sharing options...
X-Man Posted July 4, 2014 Report Share Posted July 4, 2014 (edited) I've just managed to engineer a move out of the smoke as the daily commute was seriously affecting my health, wallet and general well-beingI expected to take a cut in pay but having had a flip through my contract, there's no mention of London weighting or anything like it.So I'm getting the same money, saving £4k on train fares, see the kids for an extra 2 hours a day and I get to drive the car more than 20 miles a week!Massive Pay-rise equivalent to £7k FTMFW!M3 here I come!(I've just realised Holy Thread revival Bat-Man! Something went wrong with my New Posts view!) Edited July 4, 2014 by X-Man Nimraynn, mit and simonlpearce 3 Link to comment Share on other sites More sharing options...
Nimraynn Posted July 4, 2014 Report Share Posted July 4, 2014 I'm an IT desktop support tech, around £26k + overtime. Link to comment Share on other sites More sharing options...
Chimp Choker Posted July 4, 2014 Report Share Posted July 4, 2014 I like mine with a nice spicey dip www.bobsbmw.co.uk Link to comment Share on other sites More sharing options...
sag2 Posted July 4, 2014 Report Share Posted July 4, 2014 Was on a good income,I had a car valeting company and did car sales until September last year,had to give garage up due to crushed discs in my neck that keep paralysing my right had side when it wants.glad I had good savings as I was the only one working,and with a wife that loves spending and 3 kids,2boys and 1 daughter in collage and just like her mum loves spending our money oh and just turned 17 and needed a car.soon goes.hope doctors give ok to return to work soon so I can get back to it.does ya head in a home,cars mint though lol Chimp Choker 1 Link to comment Share on other sites More sharing options...
Chimp Choker Posted July 4, 2014 Report Share Posted July 4, 2014 Fook me. Get well soon www.bobsbmw.co.uk Link to comment Share on other sites More sharing options...
L4nky808 Posted July 4, 2014 Report Share Posted July 4, 2014 Was on a good income,I had a car valeting company and did car sales until September last year,had to give garage up due to crushed discs in my neck that keep paralysing my right had side when it wants.glad I had good savings as I was the only one working,and with a wife that loves spending and 3 kids,2boys and 1 daughter in collage and just like her mum loves spending our money oh and just turned 17 and needed a car.soon goes.hope doctors give ok to return to work soon so I can get back to it.does ya head in a home,cars mint though lol I feel your pain with this mate, I have a herniated lumber disc in) L4-L5, causing nerve root compression & spinal stenosis, and an additional disc bulge in l5-s1 - when it first went I was in agony, couldn't stand/walk/wash myself and the sciatic pain has been so severe at times that I've actually wished they would just cut my leg off... I lose track of the amount of times I've just led here and cried. However, compared to you I think I've had to easy! Best wishes pal, and I hope you get better soon!! Link to comment Share on other sites More sharing options...
sag2 Posted July 4, 2014 Report Share Posted July 4, 2014 Fook me. Get well soon www.bobsbmw.co.uk Was on a good income,I had a car valeting company and did car sales until September last year,had to give garage up due to crushed discs in my neck that keep paralysing my right had side when it wants.glad I had good savings as I was the only one working,and with a wife that loves spending and 3 kids,2boys and 1 daughter in collage and just like her mum loves spending our money oh and just turned 17 and needed a car.soon goes.hope doctors give ok to return to work soon so I can get back to it.does ya head in a home,cars mint though lol I feel your pain with this mate, I have a herniated lumber disc in) L4-L5, causing nerve root compression & spinal stenosis, and an additional disc bulge in l5-s1 - when it first went I was in agony, couldn't stand/walk/wash myself and the sciatic pain has been so severe at times that I've actually wished they would just cut my leg off... I lose track of the amount of times I've just led here and cried. However, compared to you I think I've had to easy! Best wishes pal, and I hope you get better soon!! Thanks guys well appreciated,how I look at it still got the family all I need,I've realised work isn't every thing,normal hours when I get back to it,just wished I could of kept the business running but hard to find people you can trust now a days what are willing to work hard. Thanks again all. Link to comment Share on other sites More sharing options...
StuBeeDoo Posted July 5, 2014 Report Share Posted July 5, 2014 IIRC, my last P60 had about £15k on. Other than the car my outgoings are minimal as the mortgage was paid-off a few years ago when I had an inheritance and I don't drink or smoke. Link to comment Share on other sites More sharing options...
mjn Posted July 5, 2014 Report Share Posted July 5, 2014 Still got about 8-9 years left on the mortgage, but it'll be paid off by the time i'm about 45-ish. Looking forward to that as it means, i can reduce the number of hours of overtime i do, especially as all the overtime i do is taxed at 40% Chimp Choker 1 Link to comment Share on other sites More sharing options...
