Looking for a proactive and reputed firm of accountants to help your business become more profitable and pay less tax? At FinSol Tax Advisors we have affordable and experienced Accountants in St Albans .
Paying tax: If you’re a student and you have a job, you’ll have to pay Income Tax and National Insurance if you earn over a certain amount. This still applies if you work abroad during your holidays, and if you’re a foreign student working in the UK.
Do you need to pay tax?
Students working while studying may need to pay Income Tax and National Insurance. This page can help you find out:
• if you need to pay Income Tax and National Insurance
• what happens if you work in the holidays – in the UK or abroad
• how to register if you are self-employed
• who to contact if you are a foreign student working in the UK
Tax and National Insurance if you work for an employer
If you work for an employer during term-time, any Income Tax and National Insurance due will be deducted from your wages before you receive them. This is known as Pay As You Earn (PAYE). Everybody can earn a certain amount before they start paying Income Tax – this is called the personal allowance.
For every tax year you begin making National Insurance contributions when you earn above a certain amount, this is called the earnings threshold.
We offer a wide range of accounting and tax services for companies and individuals. So contact us to know more information regarding any of our services!