Student tax advice, as students have enough to worry about:

Tax Information for Summer Working Students

In order to earn a little extra money during the summer holidays many students will take on a job. Summer work for students is not only a great way to earn money; it also provides a student with some work experience. Here for any students who are planning to take on any summer work, is some important tax information that could help them while working.

To start with many students do not have to pay tax for their summer work. This is because they do not earn enough money to be taxed. So if you are a student who is hoping to work over the summer you need to know the earnings threshold for paying tax.

In the UK the threshold for paying tax is 6475. Anyone who earns less than this over the course of a year will not be taxed on their earnings. This applies to the majority of students.

National Insurance Contributions however (NIC) are taken from anyone who is earning money from employment. How much this will be depends on how much the student is earning.

Hopefully this tax information relating to summer work for students will be helpful for students who would like to take on summer work. As shown it can be a great way to earn a little money and keep occupied over the summer months.





Home

Contact

The Inevitability of Tax

Introduction to Guarantor Loans

Tax Information for Summer Working Students

Taxes are a Sure Thing

Tax Information on International removals

Tax on Student Box Shipping Services

Paying Tax on Teak Garden Furniture

A Basic Guide to Income Tax

ReInvesting Money and Paying Less Tax

The Solid Second Job



current accounts

Site Design by Robert Fielding - Part of the Student Union 2002