is 50% bonus share before or after tax ?

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fifi1

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Post by fifi1 » Thu Apr 17, 2008 9:01 pm
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Hi all,

I am to receive a £1300.00 bonus payment this month, which of course i will declare to my IP for their 50% share. Does anyone know if this 50% share is taken before or after tax? e.g £650.00?
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ianmillington

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Post by ianmillington » Fri Apr 18, 2008 12:22 am
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Dots is absolutely right, at worst it's 50% of the increase in your take-home pay, whih by inference is after Tax & Ni etc.

Ian
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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