truman Posted April 18, 2011 Share Posted April 18, 2011 Yes, of course it does. Someone earning 35k will pay nothing at 40% and will pay 35k - 7.5k (the personal allowance) at 20% Again that's dependant on your tax code...you may have a 'K' one.... Link to comment Share on other sites More sharing options...
Cyclone Posted April 18, 2011 Share Posted April 18, 2011 You might, but the basic code is a 7.48k allowance. Anyone who actually has a different tax code should have long ago made sure that they understood how the tax system works. Link to comment Share on other sites More sharing options...
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