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Discussion Starter #1 (Edited)
My 17 year old son has this "summer" finished the first year of a three year collage course, once completed and grades obtained he then goes onto uni with his end goal to become a PE teacher.
During the "summer" holiday he has got himself a part time job cleaning, it pays £3.95 per hour :eek: Because of the few hours he works and money he gets he's not eligible to pay tax on his £3.95 per hour :rolleyes:
Today he has had a letter from the inland revenue saying that now he has a "job" the interest on his building society savings are now eligible to be taxed :mad: I'm gobsmacked :mad: Makes you think is it all worth it :mad:
 
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Does it not make you feel warm inside knowing that his little savings account is being raided by nuLabours greedy mitts to keep greedy bankers in bonuses and Audis?

It makes me warm with rage. :rant:
 

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I dont think they will be taxed unless his earnings plus the interest goes over the threshold though will it?
 

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Has he signed a P38 to say he is in full time education? If he has then he shouldnt be taxed
 

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I dont think they will be taxed unless his earnings plus the interest goes over the threshold though will it?
I think once it has been paid the only way to get it back would be via a tax return ... and tbh for the hastle of filling out the form I can't see that it is worth it (also as soon as you've done the form 1 year you have to do it every year for the rest of your live :eek:)
 

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With interest rates as low as they are, the amount that they would collect in tax from his savings will probably hardly cover the cost of sending you the letter. :rolleyes:

F****** Government.
 

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With interest rates as low as they are, the amount that they would collect in tax from his savings will probably hardly cover the cost of sending you the letter. :rolleyes:

F****** Government.
Unless of course his dodgy father has got hundreds of thousands of pounds stashed away in his sons account to avoid paying tax :lol:
 
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£3.95 an hour ? thats absolutely disgusting, what the **** is wrong with this country ! how the hell can we ever get the standards of work up if employers wont give people a proper rate of pay, im truly gobsmacked that we would ask anyone regardless of age to work for that hourly rate.
 
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£3.95 an hour ? thats absolutely disgusting, what the **** is wrong with this country ! how the hell can we ever get the standards of work up if employers wont give people a proper rate of pay,
Socialist! :mad:




I used to get paid about that for work when studying...




... around 1990. :eek:
 

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Discussion Starter #15
£3.95 an hour ? thats absolutely disgusting, what the **** is wrong with this country ! how the hell can we ever get the standards of work up if employers wont give people a proper rate of pay, im truly gobsmacked that we would ask anyone regardless of age to work for that hourly rate.
Minimum wage rates take from HM Revenue & customs site:

What are the current rates of the national minimum wage?
There are three levels of minimum wage, and the rates from 1 October 2008 are:

£5.73 per hour for workers aged 22 years and older
A development rate of £4.77 per hour for workers aged 18-21 inclusive
£3.53 per hour for all workers under the age of 18, who are no longer of compulsory school age

Shocking ain't it :wow:
 
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Socialist! :mad:




I used to get paid about that for work when studying...




... around 1990. :eek:
Minimum wage rates take from HM Revenue & customs site:

What are the current rates of the national minimum wage?
There are three levels of minimum wage, and the rates from 1 October 2008 are:

£5.73 per hour for workers aged 22 years and older
A development rate of £4.77 per hour for workers aged 18-21 inclusive
£3.53 per hour for all workers under the age of 18, who are no longer of compulsory school age

Shocking ain't it :wow:
Its disgusting, i have a 17 year old office assistant working part time for me and I feel guilty paying her £5.80 an hour, it seems I dont need to feel so guilty :(
 

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Discussion Starter #18

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Well done to your son going for out and finding himself a job in the first place. My 17 year old works in the local pub, at weekends and school holidays, as a pot washer, and he gets no end of stick off his friends for it (none of whom have bothered looking for a job). Needless to say his friends soon shut up when my son went out and treated himself to a nice big colour telly for his bedroom. As for the taxman, I wish they would all sing from one hymn sheet, no wonder we get confused.

Shona
 
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