Saturday, 29 November 2014

Annual Tax Summary from the HMRC

I have just received my first Annual Tax Summary and I am not sure that I want to read it.

For the year 2013-14, £3527 was taken from my salary in tax deductions.

Of this, the biggest slice was for Welfare costs, an amount of £865, £247 was used towards interest on the national debt, only the interest notice, not the principal, £41 was overseas aid and £26 to the EU.

£428 was used towards state pensions, which probably won't even exist by the time I retire and £59 towards the environment.

There was an amount used for Culture, under which umbrella are sports (I don't take part in sports), libraries (I thought that they had all closed) and museums.  I like visiting museums but I would rather pay to enter the ones I choose to visit instead of paying for those which I will never know exist.

Have you received your summary, do you think it is the right thing to be sending out to the tax payers?  Do you really want to read how much of YOUR tax is being used to fund £1500 Christmases?  

1 comment:

  1. I think it's the right thing that the tax payers get it but I honestly never read mine.

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