• Kent & Sussex
  • 01732 838 417
  • 07778 923 400
 
  • Home
  • About Us
  • Parents
  • Childcarers
  • Vacancies
  • What We Do
    • After School Carers / Nanny-Housekeepers
    • Nannies
    • Night Nannies & Maternity Nurses
    • Babysitters
    • Consultancy Services For Parents
    • Vetting Services
  • Testimonials
  • Blog
  • FAQs
  • Contact
  • Understanding Tax Codes

    Posted By: Hazel Richardson on 17th February 2020

    Your tax code determines the amount of tax you pay each pay period and for current tax year the standard tax code is 1250L.
    Whatever your tax code the numbers denote the amount you can earn each year before you are liable to pay tax, you just need to add a zero to the end of code and this then means the 1250 code gives you a figure of £12,500 you can earn before you pay tax.
    This amount is then split into the number of pay periods you will have in the tax year, 52 if weekly and 12 if monthly.
    Weekly £12500/52 = £240.38
    Monthly £12500/12 = £1041.67
    Once you have reached the above earnings in each pay period you then pay tax at 20%.
    If you’re annual earnings are above £50,001.00 then the tax rate increases to 40% on earnings above this.


    If you have several jobs it could well be that one of your employers has the full allowance (£12,500.00) and the other is using a tax code of BR, BR denotes that all earnings in that employee pay tax at 20% as the full allowance is being used elsewhere.
    Should both employers have the full tax code, you will then need to contact HMRC directly (0300 200 3300) to get one of these corrected, you will need your NI number to hand when contacting them.

    • Our Latest Blog Posts:

      • Top COVID tips for nannies and families
      • How a childcare agency can help when you’re relocating
      • Temporary Nannies
      • Best UK Nanny Agency 2020 Winners!!!!!
      • Nannies and Redundancy
      • Nannies for children with extra needs
      • How to write a great nanny CV
      • Thumb Sucking!
      • The Irrational Beast: Anxiety
      • Covid 19 and pensions
  • MNT Training - Leading providers of professional development training for Nannies, Childminders and Maternity Nurses

    Leading providers of professional development
    training for Nannies, Childminders and Maternity Nurses

  • Recommended by The Good Nanny Agency Guide

    Recommended by
    The Good Nanny Agency Guide

  • A local discounts and rewards card which offers savings all across the Sevenoaks area

    A local discounts and rewards card which
    offers savings all across the Sevenoaks area

  • Professional association for childcare and early years

    Professional association for childcare
    and early years

  • The Association for Professional Nannies in the UK

    The Association for Professional Nannies in the UK

East Green Child Care Services Ltd
Rookery View, Penshurst Road, Leigh, Tonbridge, Kent TN11 8HL
T: 01732 838417    M: 07778 923400
https://cialico.com skin -care https://viagragener.com healthsavy.com
Registered as a limited company in England and Wales No: 04523495
  • © East Green Child Care Services Ltd 2021
  • Terms of Business
  • Privacy Policy

Get social with us