The tax you will payTax in the UK will come in various forms. There are two types of income based taxes that you should be aware of:
Income Tax Income Tax in the UK works on a fairly simple increment system. There are two increments:
The income increments only start after you have exceeded your tax free allowance. For most people the allowance will be £5,435. This means your income tax would be calculated based on the following thresholds:
The increments are reviewed annually. National Insurance National Insurance is a government scheme where people in work make compulsory contributions which go towards funding the state benefits system in the UK. Every employee and employer in the UK is responsible for paying National Insurance Contributions as long as the employees pay is over the specified threshold. This means that unlike income tax, the employer is also paying National Insurance as well as yourself.
For non UK residents wishing to make claim upon leaving the country or for any other UK Tax queries, we recommend going to the HM Revenue & Customs Website, click here. To speak with one of our experienced UK consultants, please contact us on uk@globalcareerlink.com. |
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