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create uk-wage-tax.org file.

This expands on the uk wage file, which will be deleted in a future commit.
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Craig Oates 2 months ago
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      uk-wage-tax.org

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#+options: ':nil *:t -:t ::t <:t H:3 \n:nil ^:t arch:headline author:t
#+options: broken-links:nil c:nil creator:nil d:(not "LOGBOOK") date:t e:t
#+options: email:nil expand-links:t f:t inline:t num:t p:nil pri:nil prop:nil
#+options: stat:t tags:t tasks:t tex:t timestamp:t title:t toc:t todo:t |:t
#+title: UK Wage and Tax Rates
#+date: \today
#+author: Craig Oates
#+email: craig@craigoates.net
#+language: en
#+select_tags: export
#+exclude_tags: noexport
#+creator: Emacs 29.1.90 (Org mode 9.7-pre)
#+cite_export:
* Overview of UK Minimum/Living Wage and Tax Rates
- [[https://www.gov.uk/national-minimum-wage-rates][UK National Minimum/Living Wage Rates]]
Because I am over 21 years of age, at the time of writing, I'm only going to be
dealing with the 'Over 21' rates.
#+begin_src lisp :results output raw
(let* ((min-wage 11.44) ; April 2024
(day-wage (* min-wage 8))
(wk-wage (* day-wage 5))
(mth-wage (* wk-wage 4))
(ann-wage (* mth-wage 12)))
(format t "|Time Span|Wage (£)|~%")
(format t "|-|-|~%")
(format t "|Day (8 Hrs)|~a|~%" day-wage)
(format t "|Week (5 Day, 40 Hrs)|~a|~%" wk-wage)
(format t "|Month|~a|~%" mth-wage)
(format t "|Year|~a|~%" ann-wage))
#+end_src
#+RESULTS:
| Time Span | Wage (£) |
|----------------------+-----------|
| Day (8 Hrs) | 91.52 |
| Week (5 Day, 40 Hrs) | 457.59998 |
| Month | 1830.3999 |
| Year | 21964.799 |
*Note:* These figures don't take into account holiday/sick pay. These figures are
just to give me a ballpark figure of what the UK government considers the bare
minimum one should expect to earn in the UK from April 2024.
* Income Tax Rates (upto 5th April 2024)
- [[https://www.gov.uk/income-tax-rates][UK Income Tax Rates]]
| Band | Taxable income | Tax rate |
|--------------------+---------------------+----------|
| Personal Allowance | Up to £12,570 | 0% |
| Basic rate | £12,571 to £50,270 | 20% |
| Higher rate | £50,271 to £125,140 | 40% |
| Additional rate | over £125,140 | 45% |
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