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-   -   Why am I being taxed so much (https://www.thisisbigbrother.com/forums/showthread.php?t=331460)

Oliver_W 30-11-2017 06:19 AM

Quote:

Originally Posted by Josy (Post 9714763)
20% isn't the standard rate that's basic rate ie emergency tax, 12% is the standard rate.

Phone the tax office Will and tell them you've been placed on an emergency tax code.

Quote:

Band - Basic rate

Taxable income - £11,501 to £45,000

Tax rate - 20%
...

Josy 30-11-2017 06:24 AM

Quote:

Originally Posted by Oliver_W (Post 9714765)
...

Basic rate has always been emergency tax though :think:

Either way that's after personal allowance, Will hasn't made anywhere near the personal allowance so he shouldn't have been taxed at all.

And 2400 he should have paid no more than a couple of hundred quid tops

Josy 30-11-2017 06:26 AM

Quote:

Originally Posted by Oliver_W (Post 9714765)
...

Quote:

If you have been issued with a BR tax code, then you will not receive a Personal Allowance and you will be taxed at the 20% basic rate.
That's Emergency tax.

DemolitionRed 30-11-2017 06:28 AM

I agree with those who tell you that you've been put on an emergency code which often happens when you start a new job.

You don't pay tax for the first £11,500 of your gross annual income, so you will have a nice return coming to you.

Go to this website and call the number on the page I've linked. Just make sure you have your NI number to hand. https://www.gov.uk/government/organi...-and-employees

DemolitionRed 30-11-2017 06:30 AM

Quote:

Originally Posted by Oliver_W (Post 9714765)
...

That's taxable after £11,500

Oliver_W 30-11-2017 06:31 AM

Quote:

Originally Posted by Josy (Post 9714767)
Either way that's after personal allowance, Will hasn't made anywhere near the personal allowance so he shouldn't have been taxed at all.

Quote:

Originally Posted by DemolitionRed (Post 9714772)
That's taxable after £11,500

I know, but like I said upthread, if he doesn't end up making £11.5k in the tax year, it will be rebated, so it's all good.

Josy 30-11-2017 06:33 AM

You actually used to get the return on the wage (I always loved those months :laugh:) but last time I had trouble with my tax code, hmrc told me they don't do that now and it's sent out in April when the tax year ends.

Josy 30-11-2017 06:34 AM

Quote:

Originally Posted by Oliver_W (Post 9714773)
I know, but like I said upthread, if he doesn't end up making £11.5k in the tax year, it will be rebated, so it's all good.

He still needs to contact the tax office though to get a proper tax code not an emergency one.

hijaxers 30-11-2017 06:34 AM

Will did your last employer not give you a P45 to hand to your next employer ? this is how your new employer knows what your tax code should be, if you have no P45 any employer will automatically put you on emergency tax. If you do have one then hand it to the new employer and you will get an automatic refund through your pay packet. If not its a long wait from Inland Revenue.

Crimson Dynamo 30-11-2017 06:48 AM

funnily enough Will you dont get taylor made individual taxation :joker:

YOu get taxed as normal like you will earn over the basic thresh hold and then at the end of the tax year when they divvy up you may get a rebate

its the standard thing but call the tax office and they will explain

DemolitionRed 30-11-2017 07:15 AM

Quote:

Originally Posted by Oliver_W (Post 9714773)
I know, but like I said upthread, if he doesn't end up making £11.5k in the tax year, it will be rebated, so it's all good.

Nobody pays tax up to £11.5k so if he's earning 12k a year, he will only pay tax on £500 a year. If he's earning £20k a year he will only pay tax on £8.5k of his gross income. If he's earning £11.5k a year he won't pay tax.

He will be rebated regardless of what he's earning because he's presently paying tax on his entire gross salary.

Cherie 30-11-2017 08:33 AM

Quote:

Originally Posted by hijaxers (Post 9714776)
Will did your last employer not give you a P45 to hand to your next employer ? this is how your new employer knows what your tax code should be, if you have no P45 any employer will automatically put you on emergency tax. If you do have one then hand it to the new employer and you will get an automatic refund through your pay packet. If not its a long wait from Inland Revenue.

that's fine if HMRC actually take any notice of P45s being issued I had to ring them up when my tax code didnt change after two months, wait for 40 minutes to be told, oh yes we do have the new figures, they just didn't bother to apply them. :umm2:

Will your payslip should have the tax code 1150 and literally you should not be paying any tax if you earn less than 11,500 a year, anything earned above that is taxed at 20% unless you earn more than 45,000 which I don't think you do :hee: you will get a nice lump sum just after Christmas...you might need to contact them to sort it though

user104658 30-11-2017 09:11 AM

You're definitely on BR (emergency tax code) so you're paying a flat 20% on all earnings. You'll either get a rebate at the end of the year or you'll get it back in monthly chunks via PAYE if you get it sorted quickly. Personally, I would recommend getting it sorted before the new tax year rolls round (beginning of April). You'll get it back either way, but it's more straightforward if it's all one tax year.

Note that depending on your earnings, you will still pay a bit of National Insurance before 11.5k, so it's not all take home pay. On exactly £11.5k income you will pay zero income tax but approx. £30/month N.I.

user104658 30-11-2017 09:12 AM

Oh, and if you're not on a zero hour contract you're probably opted into a sh***y pension scheme.

Will. 30-11-2017 09:38 AM

Thanks everyone

It says my tax code is 0T

I won’t be earning over 11500 by April. I’m earning around 700-900 a month.

And what’s confusing is this month I earned £930 and If you times that by 12 you don’t even get 11500.

user104658 30-11-2017 09:43 AM

Quote:

Originally Posted by Will. (Post 9714864)
Thanks everyone

It says my tax code is 0T

I won’t be earning over 11500 by April. I’m earning around 700-900 a month.

And what’s confusing is this month I earned £930 and If you times that by 12 you don’t even get 11500.

Yeah that's basically the same thing as BR. 0T means zero personal allowance, so you're paying 20%. Get it fixed and you will get it back :hee:.

Like I said though you will still pay National Insurance (12% of earnings over £157 a week) though... which on £930 a month would be roughly £7 a week (£30 a month) and you might pay a little into a bull**** pension scheme but that will be a very small amount.

Will. 30-11-2017 09:48 AM

Yeah I’m also getting national insurance taken off but that’s just like £30 a month


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