| View previous topic :: View next topic |
| Author |
Message |
jar
Joined: 21 Apr 2005
Location: Belfast
|
 Posted: Tue May 03, 2005 1:33 am Post subject: UK Tax question. |
 |
|
Quick query I'm hoping someone could clear up for me...
I'm starting a job in Seoul at the end of May. It states I'll be getting 2.0 before tax. If Im paying tax in Korea does that mean I'm exempt from paying tax in the UK when I go home or should I expect to be welcomed with a mammoth tax bill?
Cheers. |
|
| Back to top |
|
 |
sid
Joined: 02 Feb 2003
Location: Berkshire, England
|
| Posted: Tue May 03, 2005 2:52 am Post subject: |
|
|
I don't think there's any danger of getting a tax bill but it may be worth officially registering as overseas for tax purposes just to cover yourself.
I did get a big National Insurance bill after a few years away, still wondering what to do with that one. |
|
| Back to top |
|
|
harryh
Joined: 16 Jan 2003
Location: south of Seoul
|
| Posted: Tue May 03, 2005 3:32 am Post subject: |
|
|
For UK tax purposes, if you are outside the UK working for more than 163 days, you are considered an overseas resident. So, if you complete a year long contract, you don't have to worry about income tax.
You can make voluntary contributions for your National Insurance, thereby keeping your stamps up to date. |
|
| Back to top |
|
|
the saint
Joined: 09 Dec 2003
Location: not there yet...
|
| Posted: Tue May 03, 2005 12:41 pm Post subject: |
|
|
| harryh wrote: |
You can make voluntary contributions for your National Insurance, thereby keeping your stamps up to date. |
Yeah but make sure you pay the right kind. Class 3 and class 2 differ very little in coverage but hugely in price. Go for Class 2 and pay way less. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
