For those who work in the UK, paying tax is a legal requirement. Although for the 2013/2014 financial year there will be a tax free personal allowance of £9,440 (currently the figure stands at £8,105 for those under the age of 65), you must ensure that you’re paying the correct amount of tax. Continue reading
Tax is something that we all need to keep on top of, but for many people it is an incredibly confusing process that is better left to a professional. This isn’t always the case however, and some people like to tackle their personal tax head on. If you are planning on completing a self-assessment this year then it’s important that you are aware of the basics behind your tax return and that you have an understanding of exactly how much tax you need to pay and why you need to pay it. Without this knowledge you could end up putting yourself through a great deal of stress and could end up paying a hefty tax bill if your tax isn’t done correctly. Continue reading
It seems obvious that better educated people are more likely to earn a higher wage. People get into debt to go to university with the understanding that it is going to pay off with a higher wage later. People are not even eligible to repay most types of student loan unless they are earning over a certain amount of money, which indicates that even the student loan organisations assume a degree-educated person will earn a high wage. A higher education will also make gaining a higher wage a little easier, for example, people with a degree are able to walk into a management job at Tesco, where a person with A-levels would be required to work his or her way up to the position. Continue reading
What do you want to be when you grow up? It’s a question that rings in our ears from an early age. Some people know instinctively, others are motivated by money or power. Well, if this sounds familiar, then it might be worth considering one of these five jobs below. Because according to a recent report by the Office for National Statistics, these are 2012′s best paid jobs in the UK. Continue reading
When you open up your payslip excited about the tons of money you have made this month you may notice a few things. The first one is tax, something that you probably already know far too much about. The second will be NI or National Insurance. What exactly is national insurance? What is it used for? And how does it affect your salary? Continue reading
University students are now safely ensconced in their new halls of residence, Fresher’s week all but over, while 6th-form students are seriously thinking about whether they can afford university or not. Some recent research sheds light on the vast differences in lifetime salary of graduates from different fields. So what do you want? The money or the lifestyle? Or both?
With the new national minimum wage coming into effect today for over 21′s, SalaryBot.co.uk has introduced some useful updates.
Although the national minimum wage check had been implemented on SalaryBot.co.uk for a few months, today the website gets an update to the minimum wage rates, and perhaps the bigget update of all; the minimum wage check comes to the apps!
The first ever salary survey on SalaryBot.co.uk has been completed, highlighting that men are almost statistically certain to typically earn between £4,907 and £7,491 more than women annually. The survey collected salary data from 4,578 participants between July and September 2012. Dr David Fishwick, head of maths at Bradford Grammar School, executed the analysis of the survey data. Continue reading