To be fair about the 'butter'/salary thing, I presume this wouldn't be affected by either National Insurance or Income Tax? I'm pretty damn sure they couldn't charge you NI on it. As for Income Tax, I'm not sure how competition prizes are viewed by the tax office, but it doesn't strike me as 'income' as such.
If that's so, then a prize of £20,000 actually represents what you would get after tax from a salary which I can't be bothered to work out properly, but would probably be more like £25,000 p.a. (possibly more). So less stingy, on that view.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
timeasmymeasure
no subject
Date: 2004-08-04 06:10 am (UTC)If that's so, then a prize of £20,000 actually represents what you would get after tax from a salary which I can't be bothered to work out properly, but would probably be more like £25,000 p.a. (possibly more). So less stingy, on that view.