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

Will. 29-11-2017 11:08 PM

Why am I being taxed so much
 
So since I’ve started working I’ve been getting taxed quite a bit

My net income is £2400 over 3 months however I have been taxed £500 in total (£1900), surely this is far too much?

LukeB 29-11-2017 11:12 PM

I think you should talk to your boss about it, some people do get taxed so much but in April you can get it all back if you have been overpaying.

Will. 29-11-2017 11:12 PM

This month I earnt £930 however £220 was taken away in tax so I only received £710.

Oliver_W 29-11-2017 11:14 PM

Well you've been taxed about 20% of your earnings, which is the standard rate, but you'll get a tasty rebate if it's too much, or if you don't end up earning enough to pay tax (£10k) so it's all good.

Will. 29-11-2017 11:17 PM

Yeah it’s £550 in total I’ve been taxed over 3 months.

Last month I only earnt £500 but they still took a further £100 away in tax. :skull:

Wizard. 29-11-2017 11:19 PM

They probably have the wrong Tax Code for you so you will get it back.

Will. 29-11-2017 11:20 PM

Yeah probably

So if I don’t earn over £11500 by next April I’ll get her back?

Oliver_W 29-11-2017 11:22 PM

Quote:

Originally Posted by Will. (Post 9714596)
Yeah it’s £550 in total I’ve been taxed over 3 months.

Last month I only earnt £500 but they still took a further £100 away in tax. :skull:

£100 is 20% of £500, so you're paying the standard tax rate. Does your contract have the possibility/flexibility for full time work? If so, you probably have the standard tax code.

LukeB 29-11-2017 11:22 PM

Quote:

Originally Posted by Will. (Post 9714598)
Yeah probably

So if I don’t earn over £11500 by next April I’ll get her back?

Yes, 5th April 2018 is when the next tax year ends and you will have to fill in a something to claim it back

are you doing the same hours each week and what are you on hourly?

Oliver_W 29-11-2017 11:22 PM

Quote:

Originally Posted by Will. (Post 9714598)
Yeah probably

So if I don’t earn over £11500 by next April I’ll get her back?

You will. Not sure when - a friend of mine got a tax rebate in like early November!

Will. 29-11-2017 11:23 PM

I was doing 35 hours (contracted 20) a week

And now I’m doing 24 at Waitrose when I start

Wizard. 29-11-2017 11:23 PM

Quote:

Originally Posted by LukeB (Post 9714602)
Yes, 5th April 2018 is when the next tax year ends and you will have to fill in a something to claim it back

are you doing the same hours each week and what are you on hourly?

You shouldn't have to fill anything out I used to get cheques sent to me randomly in the post.

Will. 29-11-2017 11:23 PM

Quote:

Originally Posted by Oliver_W (Post 9714604)
You will. Not sure when - a friend of mine got a tax rebate in like early November!

Ah okay!

LukeB 29-11-2017 11:24 PM

Quote:

Originally Posted by Riley. (Post 9714607)
You shouldn't have to fill anything out I used to get cheques sent to me randomly in the post.

I filled in something when i was doing mine i think icr but i remember bugging my boss for something for it.

Oliver_W 29-11-2017 11:27 PM

Quote:

Originally Posted by Will. (Post 9714608)
Ah okay!

I'll clarify - the money she was sent was for "April to April", but I think they just didn't get round to telling her about it until November.

Will. 29-11-2017 11:28 PM

Quote:

Originally Posted by Oliver_W (Post 9714611)
I'll clarify - the money she was sent was for "April to April", but I think they just didn't get round to telling her about it until November.

Ah okay yeah

Will. 29-11-2017 11:29 PM

It’s annoying as the other guys aren’t being taxed

Will. 29-11-2017 11:29 PM

ITS ALWAYS ME

LukeB 29-11-2017 11:31 PM

Quote:

Originally Posted by Will. (Post 9714615)
It’s annoying as the other guys aren’t being taxed

did they start at the same time as you?

you would have earned over 5/6 grand by the end of the tax year.

just think of the positive, just think of all money you will get back

Will. 29-11-2017 11:32 PM

Quote:

Originally Posted by LukeB (Post 9714620)
did they start at the same time as you?

you would have earned over 5/6 grand by the end of the tax year.

just think of the positive, just think of all money you will get back

Yeah perched to get her back

LukeB 29-11-2017 11:33 PM

Quote:

Originally Posted by Will. (Post 9714621)
Yeah perched to get her back

you hoping to get taxed more so you can spend your rebate on Dubai?

Will. 29-11-2017 11:35 PM

Quote:

Originally Posted by LukeB (Post 9714622)
you to hoping to get taxed more so you can spend your rebate on Dubai?

Hdshshgagags

Wizard. 29-11-2017 11:36 PM

What's your job anyway I thought you sucked off Pakistani's for free curry sauce and chips and a can of coke?

Denver 30-11-2017 12:46 AM

How are you earning nearly a grand a month on like 5 quid an hour ?

Josy 30-11-2017 06:14 AM

Quote:

Originally Posted by Oliver_W (Post 9714593)
Well you've been taxed about 20% of your earnings, which is the standard rate, but you'll get a tasty rebate if it's too much, or if you don't end up earning enough to pay tax (£10k) so it's all good.

20% isn't the standard rate that's basic rate ie emergency tax.

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

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.


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