DaveS Posted March 23, 2012 Share Posted March 23, 2012 Is this about right? http://www.pomsinoz.com/forum/entry.php?b=1206 Thanks for checking it out. Dave Link to comment Share on other sites More sharing options...
paisleylass Posted March 24, 2012 Share Posted March 24, 2012 I'm not convinced my brain, addled with last night's XXXX bitter, is working correctly - but the way I have estimated is I multiplied months actually worked by the amount of tax paid to get 2011/12 tax to date. Then I multiplied the gross monthly salary by the same factor, and used the tax calculator to see how much tax would be due for that amount of annual earnings. Then I deducted tax owed from tax paid. Probably equates to what you did, I just worded it differently? However our tax situation is a bit 'special' as we are reluctant landlords with a rental income, which will screw it all up so I have no clue how it will all work! Link to comment Share on other sites More sharing options...
DaveS Posted March 27, 2012 Author Share Posted March 27, 2012 I think (and really I have no idea) you will get more than you are estimating. You are estimating how much based on the same income to tax ratio - but you will be taxed less because you have earn't less. Link to comment Share on other sites More sharing options...
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