limpid Posted July 25, 2013 Administrator Share Posted July 25, 2013 https://www.gov.uk/overtime-your-rights/compulsory-overtime Link to comment Share on other sites More sharing options...
Risso Posted July 25, 2013 Share Posted July 25, 2013 It depends entirely on your salary. Everybody has a different tax code, but very broadly speaking in the UK you will pay 20% on anything you earn between 8k and 43k (8k personal tax free allowence + the 34.5 K base rate bracket) and then you will pay 40% on anything you earn above £43k until you hit the 50% threshold, which you will pay on anything you earn above £150k a year. What you could do is set yourself up as a limited company in the Cayman islands and sell yourself, or at least the UK part of yourself, a pencil. Then declare that you paid £400,000,000 for the pencil and you probably wont have to pay any tax at all. (well, it worked for Starbucks didnt it?) Fancy a job? Link to comment Share on other sites More sharing options...
The_Rev Posted July 25, 2013 Share Posted July 25, 2013 I doubt you could match my current salary. Link to comment Share on other sites More sharing options...
mockingbird_franklin Posted July 25, 2013 Share Posted July 25, 2013 I doubt you could match my current salary. Obviously not, if you can afford £400,000,000 pencils Link to comment Share on other sites More sharing options...
tinker Posted July 25, 2013 VT Supporter Share Posted July 25, 2013 Working time directive covers hours worked, 11 between shifts, and a rest period between em. With experience though I have found passive resistance is always best, ie don't so no, just say nothing and don't do it or give a reason why you can't Link to comment Share on other sites More sharing options...
saturdaygig Posted July 25, 2013 Share Posted July 25, 2013 It always amuses me when people say they don't want to earn more because they'd pay more tax. I can fix it so you don't pay any tax, don't earn over £10k. I'd rather pay a million in tax though. People often think overtime is taxed at a higher rate than regular pay. If they earn 20k, the first 10k is tax free, then 20% on the rest, making £2k of tax. That looks like the overall rate is 10%. Any more you earn is taxed at 20%, so it look like its double taxed. I think this will be what's behind the story OP has heard. Link to comment Share on other sites More sharing options...
tinker Posted July 25, 2013 VT Supporter Share Posted July 25, 2013 It always amuses me when people say they don't want to earn more because they'd pay more tax. I can fix it so you don't pay any tax, don't earn over £10k. I'd rather pay a million in tax though. People often think overtime is taxed at a higher rate than regular pay. If they earn 20k, the first 10k is tax free, then 20% on the rest, making £2k of tax. That looks like the overall rate is 10%. Any more you earn is taxed at 20%, so it look like its double taxed. I think this will be what's behind the story OP has heard. 40% tax is waiting to kick your arse at about 40k....... Link to comment Share on other sites More sharing options...
Risso Posted July 25, 2013 Share Posted July 25, 2013 I doubt you could match my current salary. Well, there aren't any trains so probably not! Tax s a bit lower though. Link to comment Share on other sites More sharing options...
jonno_2004 Posted July 26, 2013 Share Posted July 26, 2013 Paid overtime? What is this wizardry... 1 Link to comment Share on other sites More sharing options...
RunRickyRun Posted July 27, 2013 Share Posted July 27, 2013 Paid overtime? What is this wizardry... Auditor? Link to comment Share on other sites More sharing options...
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