Sunday, January 8, 2012

Husband is being offered a transfer to the UK; how much will our taxes be?

The cost of living is very expensive in the UK, �48,000 is a good salary but to rent a small 2 bedroom apartment in Firmley will cost just under �1000 per month and you still have council tax to pay which will be around �200 per month. The income tax is around 25%.If you rent your property it will be cled as taxable income which will be taxed through your salary and there is no exemptions for wife and child. There is over 2 million people unemployed in the UK and jobs are not secure, there is around 300 people applying for each vacancy. If i had a choice I would live in California rather than here in the UK. Food is expensive and cigarettes are �5 a packet of 20 which is around $5. Good Luck

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