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Upphew
- Posts: 10748
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by Upphew » Mon Dec 17, 2012 9:17 am
cors187 wrote:its true , vero is like an interest free bank account for all your excess tax payments.
0,5% != interest free

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Re: Basic withholding rate vs. additional rate
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cors187
- Posts: 1861
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- Location: land of the thunder hammers
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by cors187 » Mon Dec 17, 2012 9:50 am
positive geared investments

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Rip
- Posts: 5582
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by Rip » Mon Dec 17, 2012 10:02 am
Upphew wrote:cors187 wrote:its true , vero is like an interest free bank account for all your excess tax payments.
0,5% != interest free

And you don't even have to pay tax on that!
True that overall the interest rates low. That 0,5% though I think was paid for 10 months only, while depending or circumstances you perhaps would consider they had kept your money for about 1.5 years. With these interest rates it hardly of course matters anyway.
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vkn2001
- Posts: 31
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by vkn2001 » Wed Jan 02, 2013 10:37 pm
Pursuivant wrote:Well, what is taken is taken, unless you get paid before year end theres no other way to fix it until the tax returns come. If you can estimate what you get, that is good, otherwise if you have a fixed amount and it hits that amount you pay up the wazoo, and you can't change it mid-year to a proportionate card.
Well i got the salary hike in the month of September, Called Vero and changed the annual limit and got the new tax card with updated annual amount and tax percentage. So still you can change the tax percentage in the mid of the year or after that...
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Rip
- Posts: 5582
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by Rip » Wed Jan 02, 2013 11:02 pm
vkn2001 wrote:Pursuivant wrote:Well, what is taken is taken, unless you get paid before year end theres no other way to fix it until the tax returns come. If you can estimate what you get, that is good, otherwise if you have a fixed amount and it hits that amount you pay up the wazoo, and you can't change it mid-year to a proportionate card.
Well i got the salary hike in the month of September, Called Vero and changed the annual limit and got the new tax card with updated annual amount and tax percentage. So still you can change the tax percentage in the mid of the year or after that...
You're not talking about the same thing. You talk about various percentages, he on whether they are applied on monthly or annual basis.