HM Revenue & Customs: Income Tax allowances
Taxes in the UK are interesting. Basically they have 4 tax brackets and then every gets taxed at 22% after that for NHS. There are exemptions and deductions just like we have here in the US.
Brackets (in pounds):
0 - 32,010 ($51K) = 20%
35K - 150K ($240K) = 40%
150K+ = 45%
Then what remains they get taxed at 22%.
For example say you in are in second trier level at 50k pounds (such undr $80K a year). Take out deductions for the moment.
50k x 40% = 30K pounds in gross take home. From there an addition 22% is taken out. So your take home would be 23,400 pounds. So for NHC you pay 6,600 pounds a year. That is $10,500 a year for insurance (or $875 a month) and if your spouse works, she gets taxed also.
That free insurance isn't so free.
Taxes in the UK are interesting. Basically they have 4 tax brackets and then every gets taxed at 22% after that for NHS. There are exemptions and deductions just like we have here in the US.
Brackets (in pounds):
0 - 32,010 ($51K) = 20%
35K - 150K ($240K) = 40%
150K+ = 45%
Then what remains they get taxed at 22%.
For example say you in are in second trier level at 50k pounds (such undr $80K a year). Take out deductions for the moment.
50k x 40% = 30K pounds in gross take home. From there an addition 22% is taken out. So your take home would be 23,400 pounds. So for NHC you pay 6,600 pounds a year. That is $10,500 a year for insurance (or $875 a month) and if your spouse works, she gets taxed also.
That free insurance isn't so free.