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Old 1st May 2006 | 07:09
  #173 (permalink)  
pilothouse
 
Joined: Jan 2005
Posts: 108
Likes: 0
From: UK North
Not quite, Maat.

Sub of £310, tax relief of 40% on 67% of it:

310 - (310 x .67 x .4) = 227 = £19 pm, £38 pm in year 2 onwards


For a F/O on say £36000:

180 - (180 x .67 x .22) = 132 = £11 pm, £22 pm in year 2 onwards


Cheaper than most of us might have thought, I would agree.
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