Tax and National Tax and National InsuranceInsurance

Income tax:Income tax:

Tax free Personal Allowance of £10,000Tax free Personal Allowance of £10,000

20% £0 to £31,865 ( after allowance)20% £0 to £31,865 ( after allowance)

40% £31,866 to £150,00040% £31,866 to £150,000

45% over £150,00045% over £150,000

(for 2014/15 tax year)(for 2014/15 tax year)

National Insurance:National Insurance:

0% for first £152 per week0% for first £152 per week 12% Between £152 and £805 per week12% Between £152 and £805 per week 2% on earnings over £805 per week2% on earnings over £805 per week

2014/152014/15

Student Loan RepaymentsStudent Loan Repayments

You only make repayments when your You only make repayments when your income is over £21,000 a year. If your income is over £21,000 a year. If your income drops below this amount income drops below this amount repayments stop.repayments stop.

Each month you pay back 9% of any Each month you pay back 9% of any income over £21,000income over £21,000

Graduate or Not?Graduate or Not?Graduate Jobs Probably Graduates –

most people are graduates but a degree is not essential

Non Graduate Jobs

Nurse Waste/ Recycling Officer Pilot

Dentist Museum/Gallery Curator Reflexologist

Forensic Scientist Police Officer Healthcare Assistant

Doctor Counsellor Underwriting Apprentice

Optometrist Private Accountant Social Media Apprentice

Barrister Journalist Retail Management Apprentice

Mechanical Engineer Jobs that include a degree as part of an apprenticeship - a degree but no student loan to pay.

Careers Advisor Technology Apprentice Electrical Engineering Apprentice

Social Worker

School Teacher

Radiographer