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Big give-away to the poor?

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    Big give-away to the poor?

    The Government will lift everybody out of income tax who works 30 hours a week on minimum wage. Pretty generous?

    The national minimum wage for those over 21 is £6.50 an hour.
    On a 30-hour week that's £195 a week. Or £10140 a year.

    The tax-free allowance for 2015-16 is £10600.

    They are already not paying tax, independently of who wrote this year's Queen's Speech. Last year they were paying all of £28 tax - per year.

    Politicians.

    #2
    God bless the Tories!

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      #3
      Originally posted by expat View Post
      The Government will lift everybody out of income tax who works 30 hours a week on minimum wage. Pretty generous?

      The national minimum wage for those over 21 is £6.50 an hour.
      On a 30-hour week that's £195 a week. Or £10140 a year.

      The tax-free allowance for 2015-16 is £10600.

      They are already not paying tax, independently of who wrote this year's Queen's Speech. Last year they were paying all of £28 tax - per year.

      Politicians.
      However they have also purposed that the minimum wage will increase far quicker than inflation to £8 an hour.

      £8*30*52= £12480..

      As one other manifesto proposal was to increase the tax free allowance to £12000 you can see why its actually a promise and not something that they can call a done deal as they will have to continually increase the allowance by more than they hoped to (and earlier than they hope to as tax bands are set 18 months before minimum wage rates start).
      Last edited by eek; 28 May 2015, 08:36.
      merely at clientco for the entertainment

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