Council Tax Deduction Order
August 23rd, 2010Question: How comfortable will you live on STG 26,000 pa ?
I need approximate examples for NI and income Tax Deductions, council tax, utility/phone bills and living expenses for 1 person, together with rent rates for 1 person accomod in Essex, in order to calculate the remaining income! Thx
Answer: The biggest deduction from your income is likely to be income tax and NHI This will depend on your age as over 60 you get more allowances. You have a personal allowance of I think around £4900 but you can check all this and the NHI on the Inland Rev Website. Once you have earner over your personal allowance you are taxed 10% on £2000 and 22% on the balance.
Council tax varies so you need to check similar properties in the area. Single occupation gets 25% reduction. Rent depends on type of property but few rents even for the most modest places are less than £70-£80 per week and that is here in the North West.utility bills and phone bills will depend on your usage and utility costs are high.Modest users I assume you are out all day would have for gas and electric and water (if you have a water meter) at least £1000 pa, You should have roughly half of your income left for food clothing holidays and any vices you might have
Items on Amazon Right Now for Council Tax Deduction Order:
| | The Council Tax (Deductions from Income Support) Regulations 1993 Amendment Order 1996: Social Security (Statutory instruments: 1996: 712) … |
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