Ful time to part time
Ful time to part time
Author
Discussion

egor110

Original Poster:

17,690 posts

234 months

Friday 6th February 2009
quotequote all
I currently work 40 hours a week but i'm thinking of dropping down to 30 hours a week, will this drop me into a different tax band as i'll be working less hours and earning less ?

Stevenj214

4,941 posts

259 months

Friday 6th February 2009
quotequote all
egor110 said:
I currently work 40 hours a week but i'm thinking of dropping down to 30 hours a week, will this drop me into a different tax band as i'll be working less hours and earning less ?
Depends how much you earn right now and how much you'll earn on a 30 hour week really...

Eric Mc

125,884 posts

296 months

Saturday 7th February 2009
quotequote all
The tax band in which you are taxed is based on the amount you earn in a given tax year - not on how long you work each week.

Brown and Boris

11,838 posts

266 months

Sunday 8th February 2009
quotequote all
I droped from 40 hours to 28, then to 20. It just meant that instead of some of my income being taxed at 40% it was all taxed at the lower rate ( 22% at the time I recall). You may get extra tax credits if you have kids.

Edited by Brown and Boris on Sunday 8th February 15:31