Get the bits of knots out of my teeth first.

Looks okay.

If you're working, chances are that income tax and national insurance are a pretty big part of your life.

But do you really understand how they work?

Welcome back to Five Minute Friday.

I need a new studio.

Too much road noise.

I was a little bit camp.

Yes, 5 minute Friday is back after a short hiatus where I was frankly starved of inspiration.

And then I had a thought, why don't I ask the Facebook group what they, you, would like to hear about?

And that just really reinforces one idiot I am because I could have asked that weeks ago,

because I had something like 30 responses within 30 minutes

and there's now way more than 70 responses on that post so lots of material to be

going on with so let's have a look at how income tax and national insurance

work and put five minutes on the clock down here. Say a quick thank you to my friends

at Seven Investment Management for continuing to sponsor the show down here and let's

crack on. Firstly this is going to take a couple of episodes at least.

There is no way I can get this in anywhere near five minutes.

So we're going to break it up.

Hope that's okay with you.

Now, the first thing we need to understand is that income taxes worked out in bands so that's why I've sort of scoots across to the side of the frame here so that I can bring in this lovely graphic.

So we need to think in terms of bands with income tax and the first band is called

...