JSA - taxable income??
Discussion
Introduced by Mrs T back in the 80s - you know, the great heoine of PH - to motivate all those "dole scroungers" to look for jobs.
Job Seeker's Allowance, as well as State Pensions, are taxable even though you have, in theory, funded them out of taxed income during periods when you were earning.
Job Seeker's Allowance, as well as State Pensions, are taxable even though you have, in theory, funded them out of taxed income during periods when you were earning.
Kit80 said:
I think it's contributions based JSA is taxable, I have just signed on >shudder< and got told on contributions based JSA it is a taxable income off any others benefits I may be entitled to. Sense much not.
The tax rules on State Benefits are a total mess. Some are taxable, some are not. There is no logic to the system.Ironically, Tax Credits are tax free.
Eric Mc said:
Kit80 said:
I think it's contributions based JSA is taxable, I have just signed on >shudder< and got told on contributions based JSA it is a taxable income off any others benefits I may be entitled to. Sense much not.
The tax rules on State Benefits are a total mess. Some are taxable, some are not. There is no logic to the system.Ironically, Tax Credits are tax free.
Am off to do something Doley in revenge like set fire to OAP.
Eric Mc said:
Introduced by Mrs T back in the 80s - you know, the great heoine of PH - to motivate all those "dole scroungers" to look for jobs.
Job Seeker's Allowance, as well as State Pensions, are taxable even though you have, in theory, funded them out of taxed income during periods when you were earning.
so the £100 they gave me as a 'bonus' once I found a job funds the tax I am to pay?Job Seeker's Allowance, as well as State Pensions, are taxable even though you have, in theory, funded them out of taxed income during periods when you were earning.
priceless
sleep envy said:
Eric Mc said:
Introduced by Mrs T back in the 80s - you know, the great heoine of PH - to motivate all those "dole scroungers" to look for jobs.
Job Seeker's Allowance, as well as State Pensions, are taxable even though you have, in theory, funded them out of taxed income during periods when you were earning.
so the £100 they gave me as a 'bonus' once I found a job funds the tax I am to pay?Job Seeker's Allowance, as well as State Pensions, are taxable even though you have, in theory, funded them out of taxed income during periods when you were earning.
priceless
WHERE THE HELL WAS MINE!!
I got a job without wasting their time too...
sleep envy said:
Eric Mc said:
Introduced by Mrs T back in the 80s - you know, the great heoine of PH - to motivate all those "dole scroungers" to look for jobs.
Job Seeker's Allowance, as well as State Pensions, are taxable even though you have, in theory, funded them out of taxed income during periods when you were earning.
so the £100 they gave me as a 'bonus' once I found a job funds the tax I am to pay?Job Seeker's Allowance, as well as State Pensions, are taxable even though you have, in theory, funded them out of taxed income during periods when you were earning.
priceless
sleep envy said:
Received a letter in the post from HMRC yesterday informing me that seeing as I have now found gainful employment I will be taxed on the £1,620 of JSA I received in the 7 months I was out of work.
They must have been pissing themselves when they came up with that idea.
Thanks for that, made my day that did They must have been pissing themselves when they came up with that idea.
However, just speaking to my accountant, don't forget that any earnings for 2009 (before you got made redundant) will likely have been over taxed and you could be due a tax refund - I certainly am and quite a bit too. Might be worth submitting your tax return in April to get the refund ASAP.
Viper_Larry said:
sleep envy said:
Received a letter in the post from HMRC yesterday informing me that seeing as I have now found gainful employment I will be taxed on the £1,620 of JSA I received in the 7 months I was out of work.
They must have been pissing themselves when they came up with that idea.
Thanks for that, made my day that did They must have been pissing themselves when they came up with that idea.
However, just speaking to my accountant, don't forget that any earnings for 2009 (before you got made redundant) will likely have been over taxed and you could be due a tax refund - I certainly am and quite a bit too. Might be worth submitting your tax return in April to get the refund ASAP.
Chris_w666 said:
sleep envy said:
Eric Mc said:
Introduced by Mrs T back in the 80s - you know, the great heoine of PH - to motivate all those "dole scroungers" to look for jobs.
Job Seeker's Allowance, as well as State Pensions, are taxable even though you have, in theory, funded them out of taxed income during periods when you were earning.
so the £100 they gave me as a 'bonus' once I found a job funds the tax I am to pay?Job Seeker's Allowance, as well as State Pensions, are taxable even though you have, in theory, funded them out of taxed income during periods when you were earning.
priceless
The system is mad, being unemployed for 5 months cost me circa £100k in lost income and the hit on my savings (released equity on my house thank heavens for a one account mortgage), I have contributed massively in taxes through my own hard work and got sod all back when i needed it, yet people who have contributed nothing get everything paid for.
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