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Tax, National Insurance contributions and other HM Revenue & Customs related topics. A guide for school leavers

Contents

  • Why should you read these pages?
  • What does HM Revenue & Customs (HMRC) do?
  • What is tax and why do you have to pay it?
  • National Insurance contributions – what are they?
  • How do you pay the tax and National Insurance contributions you owe?
  • How much tax and National Insurance contributions do you have to pay?
  • How much should you be earning?
  • What about summer jobs or even Saturday jobs?
  • What happens if you want to work for yourself?
  • What if you’ve two jobs – one employed and one self-employed?
  • What happens if you work while you’re on holiday abroad?
  • What about paying tax on your savings?
  • How do you get money if you go to college/university?
  • What are Tax Credits?
  • Child Trust Fund – what’s that?
  • What is Jobseeker’s Allowance (JSA)?
  • What are your responsibilities as a taxpayer?
  • What help can you get with your tax or National Insurance contributions or other queries?
  • Quick Quiz to test your tax knowledge!

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