- This topic has 3 replies, 2 voices, and was last updated 5 years ago by
Tax Tutor.
Tax Tutor.Viewing 4 posts - 1 through 4 (of 4 total)
-
Posts
-
aungmyint
- Topics: 1
- Replies: 1
- ☆
There appears to be an error in calculating Savings and Dividend income. Please have a look at the answer
Tax Tutor
- Topics: 2
- Replies: 3965
- ☆☆☆☆☆
Thank you it is just a typing update error on the total tax figure as far as I am aware
aungmyint
- Topics: 1
- Replies: 1
- ☆
Looking at savings income am I correct in yr calculation £20000 @20% comes from non savings £130k +Savings £40k= £170 k “taxable income”
From tax table £32001-£150K @40% on £20000 ?
Above £150 k @45% on £20000?
Thank You
Tax Tutor
- Topics: 2
- Replies: 3965
- ☆☆☆☆☆
It is as the answer shows that non savings income is taxed first (130,000), and savings income is taxed next – so with 20,000 of the higher rate band remaining (150 – 130) 20,000 is taxed at 40% and the remaining 20,000 is taxed at 45%
Tax Tutor
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.