Sort of - if you earnt 13k then you would be taxed down to 10k.
If you earned 13k , then you’d only pay tax on the £250 you’ve earned above the personal allowance no?
As far as I understand it, it’s not that you don’t pay taxes so long as you make less than the personal allowance, it’s that the first £12750 you make is untaxed regardless of how much you make until you make more than £100k.
If you earned 13k , then you’d only pay tax on the £250 you’ve earned above the personal allowance no?
As far as I understand it, it’s not that you don’t pay taxes so long as you make less than the personal allowance, it’s that the first £12750 you make is untaxed regardless of how much you make until you make more than £100k.
Oh shit yeah
So true