I got taxed 115 pounds from my 300 greggs bonus - DAYLIGHT ROBBERY!

I cant give away my name or personal details for obvious reasons
But as you all know, greggs workers who have been around longer than a year get a 300 bonus


I know people will say be happy with getting it at all but theyve taxed me not too far off 50 per cent off it!

And......... as this payment is sent as a seperate payment to my wages (which i get taxed on AS WELL)

its like why bother, absolutly ridiculous!!!!

In the UK its like your better off sitting at home and not getting up at 4.30 am every day, when you can sit at home not need to worry about transport/ rude customers etc.. and then get prescriptions/housing/rent etc all paid for you!

a reply to: PandaPrincess


Your still £185 up on what you would have been without the bonus!

a reply to: PandaPrincess

That sucks , daylight robbery is only illegal if you name isn't HM Revenue and Customs.

We sheep are just here to get fleeced.
Shameful.

a reply to: PandaPrincess

1 - It isn't always true about those on benefits getting an easy life. Yes they don't have to go out and look for work all the time but it isn't all easy for them. They still have to strive to find cash to pay all the bills, feed themselves and or their kids. etc. so it isn't always easy.

2 - Count yourself lucky you got what you did. Last years bonus for me was about 18 quid minus a few pennies. I work in a school and for a few months our managers and bosses were saying "Oh you guys are going to get a bonus this year (christmas) for all the extra work you've put in" The school went into bad reviews and we had to try and sort that out before we were turned into an academy (we did but were still made into an academy) and then the bonus' came it was 18 quid lol lol. So yh count the hundred odd as a good thing.

We get taxed because we're the sheep.

i know its just i already get taxed on work big time
that isnt a problem

but to then get taxed on your bonus too, isnt that ridiculous

a reply to: Dwoodward85


Tax is on all income after tax free personal allowance.....

bonus is extra income, so not tax free?

Thats life

What is a bonus? Definition and example - Market Business ...
A bonus is a payment that an employer makes to employees on top of their salary, either because the employee did well or the company did well.

originally posted by: PandaPrincess
i know its just i already get taxed on work big time
that isnt a problem

but to then get taxed on your bonus too, isnt that ridiculous

Bottom line is its called 'income tax' ? and call it bonus, gift or any other fancy

name you like its 'income' so it gets taxed.

a reply to: PandaPrincess

i blame greggs for your " woes "

althought - TBH - this is a " first world problem "

but i digress - there is multiple ways of giving " bonuses " - to employees - some legal some illegal

but of the legal ways - greggs SEEMS to have opeted for the worst stragey [ from an employee basis ]

its best for greggs - as thir work load in processing this - is the lowest - but the employee gets taxed the greatest

so - greggs stuffed you - just to " save " a pitance

a reply to: PandaPrincess

When you say "taxed" £115 what exactly do you mean?

The UK has a tax threshold of £12500 p.a. before you pay any income tax. After that any subsequent earnings are taxed at basic rate (20%) until your earnings reach £50,000. Which is when earnings over that are taxed at 40%.

More details here:
www.gov.uk...

However everyone has to pay National Insurance contributions too which are rated at 12% of your earnings. Plus of course earning extra income can impact on any welfare benefits.

There is a Guardian article which covers it in more detail.

The moral of the story here is when someone tells you what your salary and bonuses will be, remember you will have to pay Tax & NI on them. If you don't you'll get bitter and disappointed about it and rant on various forums

a reply to: PandaPrincess
Where I worked for years we got a 500 dollar union signing bonus and every year they took 42 percent back in gift taxes since we didn't earn the money it was a gift in the eyes of the government. The government didn't do a damn thing to get me that money but sure had their hand in my pocket just the same!

a reply to: mirageman


So true, when the youngest members of the family gleefully told me what

their first real jobs were paying, I told them not to get too excited as they

would only be getting around two thirds of that, as 'adults' they would now

be paying into the system in sickness or in health, and towards those who

were on benefits, and should they ever need benefits.

a reply to: PandaPrincess

Right, when the nation votes Tory this is what they get.

Sorry and I know that there are those that will jump to the Tory's defense but the fact is that the Labour Party (old Labour not closet Tory new labour let's get that cleared up first) put the tax were it belonged onto the one's that could afford it.

Meanwhile just like an ancient ROMAN vying for votes from the public the Tory's throw a few coin's to the poorest BUT also just like there ancient Roman patrician counterparts they then make the public pay twice for those few coin's once they are in power.

While the cost of living goes up and up, VAT and other tax rises on all good's and act's like an unfair taxation system that taxes even the richest the same as it does the poorest in society (stealth tax that most people have forgotten about) the earnings of the richest few percent keep rising and the less than one percent race ahead at warp speed making them richer and more powerful each year that passes.

Cutting the benefit's while a long held Tory Dream (and yes there were SOME - FEW that did not deserve that help and scally's that thieved it whom were mostly actually middle class crook's or drug addict's with bad attitudes) it actually had the knock on effect of IMMEDIATELY devastating our high streets, meanwhile the right wing controlled media was quick to claim it was changing shopping habits rather than the (Stealth Subsidy's) cut's to the the benefit system that affected million's whom were already living hand to mouth on the pittance they received and spending it every Tuesday, Thursday and Friday in what to the retail industry was a regular weekly cash injection that ended up going full circle back into the Government's coffers via that (Stealth) Value Added Taxation system and also by supporting countless job's in Retail Logistic's and Service.

So do not be surprised, I used to work from six in the morning to ten thirty at night six day's a week and an eight hour stint every Sunday but often earned less than if I had worked less hours due to the cockeyed tax system we have in this nation that penalizes the poorest and hardest working of our citizen's.

But Society will not wake up, there are those on this thread whom will disagree with me, the difference is that I know absolutely that I am correct.


N.B.

Note I am not saying that Labour are saint's, they have there fair share of problem's as well and Corbyn dragged them down though his core principles were in my opinion correct (if not his pacifist remarks or standing beside terrorists on occasion in the past), they just have to be implemented in a way that is less aggressive, it is not only our nation that has been the victim of this wealth grab by the less than one percent after all but in fact almost the entirety of the western world has been affected by this copy of the run up to the downfall of the roman empire (the ancient Roman's became ever more divided between the haves and the have not's in the run up to the end of there empire so it was not only external factor's that spelled the end of there civilization in the west but also definite growing internal divisions that could not be healed by the politics of the time).

a reply to: LABTECH767
You are quite correct. The uk as a whole is one of the most taxed in the world, though a lot of people will disagree with that because they only look on income tax and not all the other stealth taxes we pay.
This is one of the main reasons for Brexit. That's the governments reason not the peoples reason.
Why wouldn't the government sign up for the Euro. Because it would immediately show up the inconsistencies between the UK tax system and the EUs countries tax system. Showing just how much we are genuinely taxed.
The biggest pointer is VAT. All the BS about the UK losing control of it's borders. They did not. WHY?
Because when anyone went abroad, anywhere, if they purchased anything they were charged that countries purchase tax (which by the way were a considerably lower rate than the UK) bbuuuttt when you entered the UK again, through the border control that wasn't there, you were charges the additional UK rate, ie. VAT.
The UK government did not want to lose that and THAT was one of the main reasons for their fear of going into the EU proper and the vociferous fight to leave the EU.

Just curious is it not possible to rollover a portion of your bonus into a 401(k) or retirement account? My husband does that to give a boost to our investing portfolio and the percentage rolled over is not taxed.

Obviously, I may be clueless of UK tax laws and this may not be possible.

a reply to: PandaPrincess

You guys gotta pay for that free healthcare somehow.

Theres only 2 certain things in life....death and taxes and about 1/3rd going to the taxman is about the normal rate

The problem is that even if you don't reach the tax boundary they'll still take it from you and then its up to you to get it back and normally they'll adjust your tax code next year so you'll get an extra quid or two a week as the tax man is very unhappy paying money back when it can sit on it for a year or so.

Theres nothing more depressing than doing a load of overtime and seeing the size of the deductions after doing over 100 hours extra one month almost making it seem worthless to do.

With the graduated income tax system here in the States, the more you make, the more they take and the harder it is to get it back in tax returns. That's why people with higher incomes seek tax shelters and write off everything they can.

If you can earn just enough to be at or below the poverty level income based on the tax code, then you could get just enough government assistance to barely scrape by. Assistance is based on total household gross income, go over that amount by a single penny and you get cut off.

At that level without assistance, take home pay won't cover medical insurance, bills and food. Now you are a wage slave paying taxes and struggling to get by, hoping you don't need to go to the hospital or have a repair bill on the car you need in order to work. I call this the "poor trap" and unless you can earn a crap load of money and afford a good accountant and tax preparer to keep you in the black, you get stuck in the trap only to work your life away and have nothing left to retire on.

a reply to: PandaPrincess

I shed a tear every time I read my payslip.

I'm happy to pay taxes but the way I see it spent angers me. My semi socialist/capitalist government throw my taxes away like toilet paper.

I just tell myself "At least I have a job that I enjoy"...

originally posted by: Bluntone22
a reply to: PandaPrincess

You guys gotta pay for that free healthcare somehow.

The healthcare is pretty awesome but the wasted money is depressing.

Forgive my ignorance, but what is "greggs"?

Is it an employer, or a currency, or something else?