peirre:
stu675:
Such a shame that almost no one is willing to say which company or industry sector they’re working in.Most of the regular contributors on here know where I work (agency/client depot), but if you missed the previous hint,
I actually changed my post from literally to almost thanks to you [emoji106]
The reality of high wages that are being quoted on here is not reflected in my experience of the job. My last job aprox 5 months ago was on Bulk tipping mainly farm work, 4 nights out per week and 9 hr day driving was not paying me anywhere near £1k per week. If you take out the bonuses and night out money which I am sure many are quoting as part of their wages, this equates to a much lower figure. If you max out hours on any job the wage will look very appealing. My last wages were £690 per week and I was happy enough as mainly left alone to get on with the job and not a bad firm to work for. I had done just about every type of driving before this and never exceeded 34k per year. I didn’t work overtime or do additional shifts, I just did my job and got out at the end of each week.
In my experience big wages included maxing out hours, run ragged, micro managed and generally left you with no life. Not my cup of tea.
My basic 40 hr contract gives me £33k approx a year. I do about 1.25 hr overtime a day, which is guaranteed, which gives me a topline of about 43k a year, for the easiest job you could want to do, with a good 2 hours of sitting around a day on rest. Im happy doing 10hr shifts when Im watching netflix for 2 of those 10 hours.
I usually do a sunday once a month, which adds another 3k to the topline pa. I just make sure I dont go over 50k by either reducing the extra shifts or increasing pension contribution.
I work for one of the major parcel companies.
Why do people fear the 40% tax bracket so much? Firstly you are only taxed 40% at earnings over £966 per week (give or take) and if you exceed that you only pay 40% on the excess, for example if you earned £1000 per week you’d still pay the lower rate tax on £966 of that and 40% on the £34 over that.
Also if you’re earning a grand a week are you really not happy to contribute a little more to funding society?
the maoster:
Why do people fear the 40% tax bracket so much? Firstly you are only taxed 40% at earnings over £966 per week (give or take) and if you exceed that you only pay 40% on the excess, for example if you earned £1000 per week you’d still pay the lower rate tax on £966 of that and 40% on the £34 over that.Also if you’re earning a grand a week are you really not happy to contribute a little more to funding society?
Exactly this, makes me laugh when people state they are trying to stay under the 40% tax bracket. I would be happy to reach that bracket let alone worry about paying an extra £10 on my tax bill.
And if you do go into the 40% tax bracket, anything you earn above £50,700 a year, you can just put the money that comes into that into your pension and you avoid paying any income tax at all on it, the downside being you won’t be able to touch it until you draw down your pension. Given how many of us didn’t even get a pension going until the Workplace Pension forced employers to give us one and given the average age of a lorry driver means most of us have 10-15 years or less until retirement most would benefit from putting a bit more into their pensions.
Yorkshire Tramper:
the maoster:
Why do people fear the 40% tax bracket so much? Firstly you are only taxed 40% at earnings over £966 per week (give or take) and if you exceed that you only pay 40% on the excess, for example if you earned £1000 per week you’d still pay the lower rate tax on £966 of that and 40% on the £34 over that.Also if you’re earning a grand a week are you really not happy to contribute a little more to funding society?
Exactly this, makes me laugh when people state they are trying to stay under the 40% tax bracket. I would be happy to reach that bracket let alone worry about paying an extra £10 on my tax bill.
It’s also worth pointing out that NI drops from 12% to 2%. So a basic rate taxpayer will pay 19% income tax between £12,570 (roughly) and £50,700 plus 12% NI so 31%.
Higher rate its 40% tax plus 2% NI so 42% so its not the huge kick in the nuts that uts made out to be, nor am I bothered about that really.
But at £50,000, if you have a kid, tax returns are needed for the higher income child benefit charge where I start to lose child benefit (family allowance back in the day) at the rate of 1% per £100 over 50k.
As someone who could’ve cashed in being self employed over the years and all that jazz, purely because I didnt want the hassle of tax bills, tax returns and so on, so stayed staunchly PAYE, I’d rather avoid any hassle and if it means dropping hours/funnelling more into my pension (ie the easy, penalty free things) I’ll do just that.
So to reiterate its not about not being willing to pay more, its about avoiding the hassle brought about by a tax return. I mean heaven forbid that some computerised system may exist that may talk to another computer in the same department and be able to calculate it manually and adjust it accordingly but no I’ve got to do it for them, and risk the fines and penalties and potential incorrect outcomes that come with it.
toonsy:
It’s also worth pointing out that NI drops from 12% to 2%. So a basic rate taxpayer will pay 19% income tax between £12,570 (roughly) and £50,700 .
19% has been knocked on the head. It’s been 20% since 2008 and will continue for as long as announcements have already been made.
Another justification for not paying 40% tax is that I just don’t believe they spend it at all wisely.
stu675:
toonsy:
It’s also worth pointing out that NI drops from 12% to 2%. So a basic rate taxpayer will pay 19% income tax between £12,570 (roughly) and £50,700 .
19% has been knocked on the head. It’s been 20% since 2008 and will continue for as long as announcements have already been made.
Another justification for not paying 40% tax is that I just don’t believe they spend it at all wisely.
Ah fair enough, I forgot that got scrubbed.
the maoster:
Why do people fear the 40% tax bracket so much? Firstly you are only taxed 40% at earnings over £966 per week (give or take) and if you exceed that you only pay 40% on the excess, for example if you earned £1000 per week you’d still pay the lower rate tax on £966 of that and 40% on the £34 over that.Also if you’re earning a grand a week are you really not happy to contribute a little more to funding society?
To get to that bracket, Id have to work days off. Im not giving up a day off to give 40% of it in tax, hence staying below.
2013 Tesco FT agency nightshift=£10.50hr and no OT rate.
2022 Tesco agency nightshift =£17.68hr
plus time/half OT after 42hrs.
Improved not too bad!!!
Sent from my SM-A125F using Tapatalk
Big Truck:
2013 Tesco FT agency nightshift=£10.50hr and no OT rate.
2022 Tesco agency nightshift =£17.10hr time/half OT after 42hrs.
Improved not too badly!!!Sent from my SM-A125F using Tapatalk
is that rigid or artic please
Conor:
And if you do go into the 40% tax bracket, anything you earn above £50,700 a year, you can just put the money that comes into that into your pension and you avoid paying any income tax at all on it, the downside being you won’t be able to touch it until you draw down your pension. Given how many of us didn’t even get a pension going until the Workplace Pension forced employers to give us one and given the average age of a lorry driver means most of us have 10-15 years or less until retirement most would benefit from putting a bit more into their pensions.
SIPP pension you can draw down etc@ 55yrs old,
also can take max 25% lump sum from your full fund tax free.
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cooper1203:
Big Truck:
2013 Tesco FT agency nightshift=£10.50hr and no OT rate.
2022 Tesco agency nightshift =£17.10hr time/half OT after 42hrs.
Improved not too badly!!!Sent from my SM-A125F using Tapatalk
is that rigid or artic please
I don’t think Tesco agency or FT take on class2 only drivers it’s class1 and be willing to drive whatever your given for that particular store run.
Sent from my SM-A125F using Tapatalk
Big Truck:
cooper1203:
Big Truck:
2013 Tesco FT agency nightshift=£10.50hr and no OT rate.
2022 Tesco agency nightshift =£17.10hr time/half OT after 42hrs.
Improved not too badly!!!Sent from my SM-A125F using Tapatalk
is that rigid or artic please
I don’t think Tesco agency or FT take on class2 only drivers it’s class1 and be willing to drive whatever your given for that particular store run.
Sent from my SM-A125F using Tapatalk
Thunk that’s changed at some places. Dagenham now take on dedicated class two drivers now
toonsy:
Big Truck:
cooper1203:
Big Truck:
2013 Tesco FT agency nightshift=£10.50hr and no OT rate.
2022 Tesco agency nightshift =£17.10hr time/half OT after 42hrs.
Improved not too badly!!!Sent from my SM-A125F using Tapatalk
is that rigid or artic please
I don’t think Tesco agency or FT take on class2 only drivers it’s class1 and be willing to drive whatever your given for that particular store run.
Sent from my SM-A125F using Tapatalk
Thunk that’s changed at some places. Dagenham now take on dedicated class two drivers now
Wasn’t aware,
defo no dedicated class2 about NI.
Sent from my SM-A125F using Tapatalk
Big Truck:
2013 Tesco FT agency nightshift=£10.50hr and no OT rate.
2022 Tesco agency nightshift =£17.68hr
plus time/half OT after 42hrs.
Improved not too bad!!!Sent from my SM-A125F using Tapatalk
The overtime is a bonus, but compared to the minimum wage at the time it’s only increased from 70% over to 86% over.
I think people might forget just how much £10 was worth nearly a decade ago.
i dont get where you live has to do with pay rates even just over the river from me the rates are drasticaly different at the same company
Rikki-UK:
Its not long ago that drivers were not far off minimum wage- I see adverts now giving 45K-50K on top less tax thats still not huge but a great improvement- just wondering those that are comfortable sharing has the money improved that much?
£0 this week !!! Good job we’ve got left over turkey , the highs / lows of agency
cooper1203:
i dont get where you live has to do with pay rates even just over the river from me the rates are drasticaly different at the same company
Most of it comes down to house prices, we need more money in some area’s compared to others. I currently live in a 2 bed flat with a value around 175k in Gloucestershire but if I was in Middlesbrough I could have a 3 bed semi for that, a 2 bed flat is probably 75k there. So as a single man I could live off a lower hourly rate to pay the mortgage on a 75k flat compared to my 175k flat.