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The original was posted on /r/ukpersonalfinance by /u/DryTaste3741 on 2023-10-05 18:32:22.

I just got my first payslip/paycheque from my first ever job and looking online has made me confused, I’m very new to this.

I’ve been taxed around 20% but the amount I was getting paid was literally below £700 so I don’t understand what’s going on?

I don’t know if I am being daft or this is supposed to happen. Can someone help me out?

  • Huffkin@feddit.uk
    1·
    1 year ago

    The amount of tax deducted will be based on your tax code. You can find out more here: Https://www.gov.uk/tax-codes/what-your-tax-code-means

    Assuming you get to April and the amount youve earned (pre deductions) is below the personnal allowance threshold (£12570) you should get a rebate for the tax youve paid. If your income was over the personnal allowance limit, but below the basic rate limit (£50270). You will be taxed 20% of income after removing the personnal allowance.

    Each of the tax bands can be found here: Https://www.gov.uk/income-tax-rates