UK TAX SYSTEM AND TAX BRACKETS EXPLAINED/ HMRC TAX CODES AND TAX DEDUCTIONS/

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  • Опубліковано 17 лис 2024

КОМЕНТАРІ • 103

  • @abubakarsadiqmahmud2691
    @abubakarsadiqmahmud2691 2 роки тому +10

    Wow, nurses can be mathematicians as well and no doubt you are one of the finest nurse mathematician in our time. Very helpful information, thanks so much Becca Bae

    • @AbenaTravels
      @AbenaTravels 2 роки тому +2

      I tell you 🤩

    • @beccabaetv
      @beccabaetv  2 роки тому +1

      😅😅I actually studied hard maths back in the days

    • @markmensa-yawson9347
      @markmensa-yawson9347 2 роки тому

      @@beccabaetv hello sis. Please is it possible I get your mail. I need your 100% real opinion on some personal decision on the application decision
      Mark from 🇬🇭

    • @beccabaetv
      @beccabaetv  2 роки тому +1

      @@markmensa-yawson9347 rebeccaagyemanggyawu@gmail.com

  • @rasaklila4930
    @rasaklila4930 2 роки тому

    20% 40% and 45% how to spot and identify our tax code. That’s great introductory information. All ears.

  • @ShitalGohel
    @ShitalGohel 2 роки тому +4

    Great sharing friend 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏

  • @rasaklila4930
    @rasaklila4930 2 роки тому

    Every basic thing is taxed.
    Give thanks never knew that.
    Thank your for also differentiating between that form of general tax. To the forms of employed and self employed tax.

  • @Jenniferlawren686
    @Jenniferlawren686 2 роки тому +10

    *When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.*

    • @tomasbowater975
      @tomasbowater975 2 роки тому

      investing in different streams of income in other not to depend on the government for funds and avoid all the chitchat about the inflation bla bla bla

    • @commerceusa
      @commerceusa 2 роки тому

      Investing in stocks is a good idea,but a good trading system would put you through many days of success.

    • @Charlotte13265
      @Charlotte13265 2 роки тому

      @Louis caleb Interesting. I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

    • @JohndJost
      @JohndJost 2 роки тому

      Wow I know Mr David Bryant I met him at a conference in carlifornia 2019 where he introduced us him business strategy, he helped me cover my student loans

    • @JohndJost
      @JohndJost 2 роки тому

      十𝟭𝟮𝟲𝟳𝟮𝟬𝟰𝟴𝟳𝟯𝟴
      👆🏿👆🏿👆🏿👆🏿📲📲.

  • @rasaklila4930
    @rasaklila4930 2 роки тому

    Every nurse is a mathematician. Wow 🙏🏾🤲🏾🙏🏾

  • @wacan-rx8kj
    @wacan-rx8kj 11 місяців тому

    H i Becca .rhank for your amazing video. I am wondering why when i do night and wedkend duty my tax is more and accully lesser that when i have less nights and no weekends. And all my duties are in the same place .

  • @jossb2205
    @jossb2205 Рік тому

    Hey thank you so much for the app recommendation it is so useful. I’m currently working out how much tax I need to be paying if I work certain hours and the app has taken all the pressure of me as it makes working it out so much easier ❤ I honestly feel god wanted u to make This video as its helped me out so much thank you!

  • @ritaataaabena3935
    @ritaataaabena3935 2 роки тому +4

    You blushing girl .. keep up the good work ❤️🔥🔥🔥

  • @ogbonnafrancis5152
    @ogbonnafrancis5152 3 місяці тому

    What should be the right tax code for a nurse in England because I noticed some people are mostly on 1257 while you see some are on higher ones. These are people who are on the same band.

  • @danzryte
    @danzryte 2 роки тому +3

    Great content. ✌🏾#Danzryte passed through

  • @harrietasante
    @harrietasante 10 місяців тому

    Very informative, thanks

  • @teefad8845
    @teefad8845 2 роки тому +2

    I want to like this video more than once 🥰🥰🥰. It's loaded

  • @mizliz0101
    @mizliz0101 2 роки тому +1

    Thanks, kindly touch on how to go about your tax returns 👍when the year ends.

    • @beccabaetv
      @beccabaetv  2 роки тому +1

      When u download the app, it give u a self assessment link/form when it due for u to do tax returns or u can get an accountant to assist u

    • @mizliz0101
      @mizliz0101 2 роки тому

      Thanks dear

  • @RotimiOluwatoyin-s5o
    @RotimiOluwatoyin-s5o 11 місяців тому

    Hello. Thanks for this very informative video.
    Pls I’d like to ask, as a carer on sponsorship doing 20hrs as second job is it taxable too?

  • @patotooonlineministry1084
    @patotooonlineministry1084 Рік тому

    UK tax. You earn then Government will cut 40% of your income? Then you need to pay for council tax, insurance tax, car tax etc tax tax tax. What will be left to you?

  • @Mindset.Mantras
    @Mindset.Mantras 2 роки тому

    Thank you for this content, now I know better
    I think It's better to work more

  • @akosuaagyenimboateng1113
    @akosuaagyenimboateng1113 2 роки тому +2

    Then basically when you do more hours,you pay more tax,then it's better to use the extra hours to do handy jobs or?

    • @beccabaetv
      @beccabaetv  2 роки тому

      If u have that option, yes! If not u can get an Agency that pays better so u can get a good take home

  • @RotimiOluwatoyin-s5o
    @RotimiOluwatoyin-s5o 11 місяців тому

    Hello. Thanks for this very informative video.
    Pls I’d like to ask, as a carer on sponsorship doing 20hrs as second job is it taxable too? 12:57

  • @rebeccaokpe178
    @rebeccaokpe178 2 роки тому

    Thank you very much for this analysis.

  • @kerrianmorrison6215
    @kerrianmorrison6215 2 роки тому

    hey Becca Bea I absolutely love your channel...I am a Jamaican who is currently in the process of starting on the migration journey through an agency. My question is this suppose you are weekly paid is the 20% divided by the 4 weeks or 5 weeks in a month? I am asking because my husband is a skilled worker and most of the jobs he is qualified for will be paid weekly so i was just trying to work out his taxes. Thank you in advance.

  • @azukajoshua
    @azukajoshua 2 роки тому

    what if i do two jobs and both incomes annually is not more 37700 pounds, what will be my tax rate?

  • @EnochOpoku31
    @EnochOpoku31 2 роки тому +1

    Please do they combine bank payments to the monthly one to sum up to the 37,000 ?

    • @beccabaetv
      @beccabaetv  2 роки тому

      U will be taxed at 20% for ur Bank and 20% for ur regular shift but with personal/tax free allowance on ur regular salary

  • @sashak8131
    @sashak8131 2 роки тому +4

    Lol whats funny is im actually calculating my tax return right now😂

  • @BraveTalkwithNurseBee
    @BraveTalkwithNurseBee 2 роки тому

    This is highly informative, thank you🥰

  • @chandamende7659
    @chandamende7659 2 роки тому

    Thanks Becca 🤝🤝 great information.

  • @uz8233
    @uz8233 2 роки тому

    Thank you for this info. For clarity,is this percentage- 20% or 40% calculated using the gross or net pay?

  • @NurseVoke
    @NurseVoke 2 роки тому

    Thanks for this video' Please I just have one question, the 20% tax is for every month right?

  • @deborahadeyemo
    @deborahadeyemo 2 роки тому

    Thanks for this very informative video. I have a question if for example you are earning £21,000 per annum in your job without overtime. You then take an over time shift of 12hrs @ 11.50 per hour. If you are on a tier 2 visa you still have like 8 hours left You then take a job not in healthcare care but still under the shortage occupation list for like 7-8 hours at £14 per hour what is the possibility of you getting tax under the 40% bracket. Thanks

    • @beccabaetv
      @beccabaetv  2 роки тому +2

      Ur first job will be taxed 20% but u are entitled to tax free allowance on ur first and the second job will be taxed 20% with no tax free allowance

    • @deborahadeyemo
      @deborahadeyemo 2 роки тому

      Thanks for the response

  • @jinnn3157
    @jinnn3157 2 роки тому

    I only work in one trust but I recently received a letter from HMRC indicating the adjustment band rate of more than £2k. Does it mean that the £2k is subject to 40% tax?

    • @beccabaetv
      @beccabaetv  2 роки тому +1

      Maybe you doing more overtime, its not within the 40%, when u download the app i talked about, and put in ur new tax code it should help u know if u entered the 40% bracket

    • @jinnn3157
      @jinnn3157 2 роки тому

      @@beccabaetv my current earnings is already at £48k so I’ll definitely hit more than £50k until next month. Do you know how to compute the possible excess in which I will be taxed at 40%?

  • @AbenaTravels
    @AbenaTravels 2 роки тому +3

    👏👏👏👏🤩♥️

  • @gladysdim7987
    @gladysdim7987 2 роки тому

    Thanks for the video, I have à question. If one earns 12500 in the first job, and also earns 12500 in the second job,will both earnings be tax free?

    • @beccabaetv
      @beccabaetv  2 роки тому

      U first job will be tax free, second job 20% tax

  • @rasaklila4930
    @rasaklila4930 2 роки тому

    HMRC would actually stand for Her/His, right?

  • @maridiyaibrahim8210
    @maridiyaibrahim8210 2 роки тому +3

    Hey girl 🤗👌

  • @Jastix_Scratch
    @Jastix_Scratch 2 роки тому

    Pls what is the PAYE Deductions?

  • @DoctorFumaj
    @DoctorFumaj 2 роки тому

    Please is your UA-cam income also taxed? If it is, at what percent?

    • @beccabaetv
      @beccabaetv  2 роки тому

      Yes its taxed, I think 45% or so

  • @mizmiz4992
    @mizmiz4992 2 роки тому

    ive started my first job and i earn £2100 a month, am i entitled to a personal allowance as im being taxed £400 and only taking home £1700 a month (Tax code 1257L)

    • @beccabaetv
      @beccabaetv  2 роки тому

      1257 is ur personal allowance

  • @msgodsfavea4755
    @msgodsfavea4755 2 роки тому

    Thanks Becca.
    So is this tax thing revised every month according to your earnings, or once you enter a higher tax bracket, then automatically, subsequent salaries are taxed like that?
    For instance, if I enter 40% tax bracket because I did an agency job in February, but decided to quit and stick to one job which keeps me naturally at 20%, will I be taxed at 40% in March?
    I hope I'm making sense.

    • @beccabaetv
      @beccabaetv  2 роки тому

      If it temporary it won't significantly affect your tax code but maybe it will be taken when u doing ur tax returns

    • @sybillagift4943
      @sybillagift4943 2 роки тому

      Is bank shift in one's first job a 2nd job?

    • @beccabaetv
      @beccabaetv  2 роки тому

      @@sybillagift4943 if its with the same employer, its a first job

  • @chiugoamudi
    @chiugoamudi 2 роки тому

    What about international students

    • @beccabaetv
      @beccabaetv  2 роки тому

      If ur annual income is below £12,570 its not taxed

  • @sobandeodunayo5609
    @sobandeodunayo5609 2 роки тому

    Hi Becca
    So doing a second job like agency is risky😂

  • @lozi506
    @lozi506 2 роки тому

    Hi Becca. How do we talk to you privately?

    • @beccabaetv
      @beccabaetv  2 роки тому

      rebeccaagyemanggyawu@gmail.com

    • @lozi506
      @lozi506 2 роки тому

      @@beccabaetv thank you sis

  • @adwoaaninkora2424
    @adwoaaninkora2424 2 роки тому

    Is Living in London expensive?

    • @beccabaetv
      @beccabaetv  2 роки тому +2

      To me its not as expensive as I thought. Watch my expenses video here for a fair idea
      ua-cam.com/video/tHO-olHF3Us/v-deo.html

    • @adwoaaninkora2424
      @adwoaaninkora2424 2 роки тому

      @@beccabaetv thank you

  • @NamelyName-i
    @NamelyName-i 2 роки тому +1

    😉😉😉

  • @goarocks1789
    @goarocks1789 Рік тому

    Can I have ur email

  • @danzryte
    @danzryte 2 роки тому +4

    Great content. ✌🏾#Danzryte passed through

  • @RotimiOluwatoyin-s5o
    @RotimiOluwatoyin-s5o 11 місяців тому

    Hello. Thanks for this very informative video.
    Pls I’d like to ask, as a carer on sponsorship doing 20hrs as second job is it taxable too?

  • @RotimiOluwatoyin-s5o
    @RotimiOluwatoyin-s5o 11 місяців тому

    Hello. Thanks for this very informative video.
    Pls I’d like to ask, as a carer on sponsorship doing 20hrs as second job is it taxable too? 12:57

  • @RotimiOluwatoyin-s5o
    @RotimiOluwatoyin-s5o 11 місяців тому

    Hello. Thanks for this very informative video.
    Pls I’d like to ask, as a carer on sponsorship doing 20hrs as second job is it taxable too?

  • @RotimiOluwatoyin-s5o
    @RotimiOluwatoyin-s5o 11 місяців тому

    Hello. Thanks for this very informative video.
    Pls I’d like to ask, as a carer on sponsorship doing 20hrs as second job is it taxable too? 12:57

    • @beccabaetv
      @beccabaetv  10 місяців тому

      Yes, absolutely

    • @RotimiOluwatoyin-s5o
      @RotimiOluwatoyin-s5o 9 місяців тому

      Thanks. What if I was on the same tax code what do I need to do pls