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#1 | |||
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Life imitates art
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you hoping to get taxed more so you can spend your rebate on Dubai?
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![]() Spoiler: Last edited by LukeB; 29-11-2017 at 11:37 PM. |
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#6 | |||
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Senior Member
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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
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No longer on this site. |
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#7 | ||
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Senior Member
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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.
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#8 | |||
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This Witch doesn't burn
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Quote:
![]() 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 ![]() Last edited by Cherie; 30-11-2017 at 08:34 AM. |
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#9 | ||
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Oh, and if you're not on a zero hour contract you're probably opted into a sh***y pension scheme.
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#10 | |||
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Will.
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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. Last edited by Will.; 30-11-2017 at 09:38 AM. |
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#11 | |||
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Senior Member
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You actually used to get the return on the wage (I always loved those months
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#12 | |||
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The voice of reason
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funnily enough Will you dont get taylor made individual taxation
![]() 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 |
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#13 | ||
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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. |
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