Quote:
Originally Posted by Billi
How do you know before in the UK what is the right amount?
We pay a certain sum each month that corresponds exactly to the income and when the year is over we have to make a tax declaration where we can claim for refunds (for paying for a house, for having additional expenses related to working, for other tax reductions...). So in practice we give our government a credit.
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Same with us: we've still got a child living in the house > 18 years and studying, so we get a refund for her.
My daughter gets her tax from her (little) sidejob back. She's allowed to earn a certain amount next to the College-money she gets from the State (90 euros a month, because she lives with her parents; if not it would somewhere between 400 and 500 euros a month).That is the amount she gets for maximum 6 years (doesn't have to pay it back).
If she needs more or longer, she can take a student-loan with low interest and (I think) 10-15 years period to pay it back. But we don't want that: we're her bank.
