Monday, 18 July 2011

this years numbers

rough figures anyway.

I have to do my tax because my working tax credits are based upon my taxable income. And because the Tax people think I'll have earned enough to pay them about £1,000.

Well I did about 1100 lessons between April 6th 2010 and April 5th 2011. That brought in about £21,000.

But my overheads came to somewhere around £15,000 for the same period.

So my actual income was somewhere between 6 and 7 thousand quid. So I will be paying tax on a couple of hundred pounds, tops.

Also, 1100 lessons, for about £6.5k? That works out at about £6 per hour. Just a smidgen over the national minimum wage.

If I get this job as a bus driver, we will live like kings!

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