How much do I actually earn?
I am sure that someone out there will know where I can get the answer to this:
When I get my hard won basic and flying pay, it has tax and national insurance removed. If I assume that I am 'Joe Average' married with 2.4 kids, car etc; what proportion of, say, £1 in my pay packet do I actually get to keep and what proportion goes to central and local Government in Income Tax, NI, VAT, road tax, fuel duty, council tax etc etc.
I've tried to work it out but my brain hurts..... any ideas?
If I decide to save the remainder then I will pay tax on the interest on the money that I have already paid tax on..........but that is another question!!!