An Excel sheet to help you work out how much Income Tax and National Insurance you pay.
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Cheers,
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I didn’t know that… but then my NI for the summer internship was messed up anyway, which is why I didn’t bother to even try to claim any of it back 
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Just thought I’d point out something that might get misinterpreted:
the NI earning threshold is currently set at £5,225 (does that value look familiar to you?
) and you are exempt from NI contributions up to this amount.
I believe the earning threshold is actually on a weekly basis ( about £100/week ). Whilst this makes no difference to full-time employees, it does mean that students are unable to claim back NI contributions for say summer internships - even if their total income over the year was under £5225, their weekly income probably was over £100, hence the contributions.
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** Decides to delay getting a job and worrying about earnings **
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]]>That’s a useful spreadsheet, but seeing as your shiny new site has a ’student’ theme to it can you add another expense to the list: Student Loan repayments!
Cheers
Rob
]]>Having said that, the government might well not use the common sense approach here (i.e. special rules/regulations applying for PhD students), so to be on the safe side I would simply contact the University… they should know for sure. And if they don’t, HM Revenue & Customs will hopefully be able to give you a conclusive answer… (get it in writing!)
My question is how much can I earn *as well* as my PhD stipend before I start paying income tax, further, once I start paying tax, I assume that I only pay tax on my income, I don’t suddenly have to magically start paying tax on my PhD stipend as well?
(And don’t worry, I know that ‘not a lawyer stuff’, I’m not asking you for an opinion to stand up in court, it just seemed that it might be of interest to your audience)
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