PAULSMC:
“Thanks for the replies!! How many hours did you have to do for that a week?”About 60 probably on average.
And “what supermarket.”
C’mon I can’t do all the hard work for you
So you worked somewhere in the region of 3000 hours, making an average hourly rate of £17 per hour. Presumably a good whack of your pay is at an overtime rate, and it’s nightshift. I’m guessing the normal nightshift rate is about £15 per hour. Top line looks impressive, but you’ve worked a load of hours for it!
Problem is, you will have paid 40% tax on everything you earned over £35k in tax year 2020/21, which is why your average tax paid is over 20%. Then NI deductions on top of that.
Personally, I would prefer to cut my hours once the earnings take me over the 20% tax rate (this year that threshold has been increased to £50270). It would break my heart knowing that over 40% of my earnings were going straight to HM Treasury. Not that it’s likely to happen in my case!
Edit… Sorry, I was looking at English income tax rates. Scottish rates are slightly different: gov.uk/scottish-income-tax/ … 1-tax-year