Taxed more than I earn.

[Smartie]

You take home in a week what the average person takes home in a month.

Seriously, get some perspective.

If you care so much about the percentage you take home then fill up your pension. It's the best tax break you'll get and as you haven't yet, you can put in £160k immediately with half of that coming from the taxman.

No-one knows whether they will live to use it, but it also happens to be excellent for inheritance purposes.

[Guy Incognito]

It's the best tax break you'll get and as you haven't yet, you can put in £160k immediately with half of that coming from the taxman

Sure about this?

"You cannot carry forward unused allowances from any tax year where you were not a member of at least one UK registered pension scheme, or a qualifying overseas pension scheme."

[northernladuk]

Sure about this?

"You cannot carry forward unused allowances from any tax year where you were not a member of at least one UK registered pension scheme, or a qualifying overseas pension scheme."

He's assuming people are generally smart and have been registered with a pension scheme for the last 3 years.

[Smartie]

He's assuming people are generally smart and have been registered with a pension scheme for the last 3 years.

You're right, I'm optimistic like that but frequently disappointed.

[SimonMac]

Is this really what hmrc are getting away with now.

I'm paid via a reputable umbrella company. Which looked OK the first week but now it goes something like this.

Total earnings 3500 a week.
deductions 1800
Pay 1700

Or there abouts.

How can that be in anyway fair. I'm taxed more than I literally take home.
Before anyone comments I have some huge medical debts to clear and ive studied so hard for this role and is extremely demanding on me.

Google 85% take home pay

[SimonMac]

Why should I have more taken away from me just because I've chosen to sacrifice more of my life and quality of life to earn more be self sufficient and retire earlier. Again without the need to claim off the state ever.

So where should the burden be for who pays, those who aearn more or less than you?

[eek]

Google 85% take home pay

Pointing him at an implausible tax avoidance scheme doesn't help (and the recent ones are now offering 78% take home while targeting a particular subset of workers).

[SimonMac]

Pointing him at an implausible tax avoidance scheme doesn't help (and the recent ones are now offering 78% take home while targeting a particular subset of workers).

If he doesn't want to pay the correct amount of tax, there are alternatives, not saying he would like the them any better....

[jamesbrown]

+1 This isn’t the place to joke about dodgy schemes.

[cojak]

+1 This isn’t the place to joke about dodgy schemes.

Indeed…