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Old 09.12.2011, 21:04
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taxable income

Hi can someone help me with this.

I am attempting to work out how much tax i will pay. i know what the deductions from my gross salary will be from the company including pension and all other compulsary deductions.
Is my taxable income the amount left after i take off these deductions.
Also is there any non taxed allowances.
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Old 09.12.2011, 21:28
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Re: taxable income

If you search the forum you will find lots of advice o the subject and discover that the answer depends on a number of variables.

Depending on where you live you will find this varies. In other words 2 people in different towns usually pay different tax rates. Then it depends on whether you are married, what global assets you have such as car, house, bank accounts.

What you can be sure of is that it is significantly less then the UK where it seems you are from and it will vary from 10-25% depending on your salary and how much you are paiod as the tax rates are progressive.

Without details to questions such as these the answer is not possible.
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Old 09.12.2011, 21:38
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Re: taxable income

Thank you for the reply
Is there any websites or calculators that i can input all information and get an answer.
I have found a couple of calculators but all assume you know your taxable income.
I know that i will be deducted between 12.5% and 18.5 % of my gross income for pension and all other deductions. i will be staying in lenzburg most likely and i own a flat in the Uk. and am single. do i need to have any other info to find it out.
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Old 09.12.2011, 22:19
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Re: taxable income

Quote:
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Thank you for the reply
Is there any websites or calculators that i can input all information and get an answer.
I have found a couple of calculators but all assume you know your taxable income.
I know that i will be deducted between 12.5% and 18.5 % of my gross income for pension and all other deductions. i will be staying in lenzburg most likely and i own a flat in the Uk. and am single. do i need to have any other info to find it out.
send me your top line salary details to tony (at) mcarthurspub.ch and i will tell you what deductions will come off

you gonna be a new abb employee?
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