We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
MSE News: Students can claim overpaid tax from summer jobs now
Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"Students have been reminded to check payslips to see if they can reclaim cash from the taxman ..."
"Students have been reminded to check payslips to see if they can reclaim cash from the taxman ..."
0
Comments
-
Very misleading article.
Suggests that NI is calculated on annual salary and it isn't.
Itvalso says that everyone can claim back overpaid tax and makes it seem automatic and simple.
Claimimg back overpaid tax is not straight forward. The article says that everyone can do it. Well I have been trying since May.
You Cant claim back if you are on JSA. (and many who have overpaid it will be as now unemployed) .If you have not been on JSA for a month then you have to write in. You have to prove that you will not be working again and then it is discretionary.June challenge £100 a day £3161.63 plus £350 vouchers plus £108.37 food/shopping saving
July challenge £50 a day. £ 1682.50/1550
October challenge £100 a day. £385/£31000 -
A few years ago I put in a claim via TaxDoctor for work I'd done as a student...and got a nice refund of £1500!! Even if you are no longer a student, its worth looking into claiming anything back. It paid for me to learn to drive! You can do it yourself, or via an external company who take a cut (a larger cut if you haven't held on to the relevent documents...I know I hadn't as a disorganised student!).GC2012: Nov £130.52/£125
GC2011:Sept:£215Oct:£123.98Nov:£120Dec:£138Feb:£94.72
Quit smoking 10am 17/02/11 - £4315 saved as of Nov'12
Engaged to my best friend 08/2012:heart2:
0 -
pleasedelete wrote: »Very misleading article.
Suggests that NI is calculated on annual salary and it isn't.
Itvalso says that everyone can claim back overpaid tax and makes it seem automatic and simple.
Claimimg back overpaid tax is not straight forward. The article says that everyone can do it. Well I have been trying since May.
You Cant claim back if you are on JSA. (and many who have overpaid it will be as now unemployed) .If you have not been on JSA for a month then you have to write in. You have to prove that you will not be working again and then it is discretionary.
Mine has always been very straight forward with me receiving money within 4 weeks.
If you are going onto JSA you should have handed P45 into the tax office who would have sorted out a repayment. If you do not go onto JSA you can easily write a cover letter saying "I will not be working for the rest of the tax year nor claiming any benefits that may effect my tax status." and they will repay it, as I had done for many years.
I would also point out that this article is based on full time students, who are unable to claim JSA, so your problem wouldn't effect them and they can simply write on a cover letter "I am going back to full time study and will not be working for rest of the tax year".0 -
You can't have a refund whilst on JSA. I have a letter stating that. It was income based. Haven't got it to hand but it was because it was taxable income still.
Told to reapply a month after signing off. Then told it is discretionary and they will consider it if they believe that I won't work again this year. As a previous 40 per cent tax payer who did self assessment they seem to doubt I won't have any more income as I am not at retirement age.
I know the article is about students- it was the comment that anyone can claim back that annoyed me.
If i started work for a new employer I could get it back but (and they were very vague about this) only if my income exceeded the amount of tax I have overpaid. It's 7kJune challenge £100 a day £3161.63 plus £350 vouchers plus £108.37 food/shopping saving
July challenge £50 a day. £ 1682.50/1550
October challenge £100 a day. £385/£31000 -
It took around 8 months for HMRC to process my refund. I'd worked for more than 1 employer over the summer. Companies aren't obliged to send details to HMRC of any employment until the end of the tax year. HMRC wouldn't accept copies of my payslips as proof of tax paid. So I had to wait until the end of the tax year for the companies involved to send P14s to HMRC. For reasons I don't understand, two of my employers didn't have to give me a P45 when I finished working for them.
The above is the 'simple' version of the saga. I found dealing with HMRC incredibly difficult. Everything has to be done by post. It took them at least 1 month to reply to each letter. In some cases their replies were incomprehensible, or were asking for information they had already received. Hopefully they learned from the thrashing the Treasury Select Committee gave them:
http://www.bbc.co.uk/news/business-14314691
Despite the difficulty in dealing with them, I wouldn't use an external company. It would pain me to pay for money I'm owed!You can do it yourself, or via an external company who take a cut0 -
Not sure if this is applicable to regular employers but when I was working during summer holidays I always used the P38, so no tax at all. I had to use a P45 once as although I had finished my course (and was going to start a new one 4 months later), the school term wasn't officially over yet. But no income tax was deducted in any case
0 -
I work haphazardly for various agencies and up until recently, all agencies regarded me as self employed and responsible for my own NI and tax. Now I have joined an agency from which I expected the same treatment, but when I got my first pay cheque through, they have taken tax of 20%. When I called them, they said that it is in their terms and conditions, and that everyone who works for them has tax taken off at source - a bit naughty since when quoting for jobs they say, 'you will come out with....' Anyway, since I've never been in this predicament before, I really don't know how to go about claiming this tax back. I am not a student but I am on a (very) low income and getting WTC. I guess I have to wait until the end of the tax year and then do something, but I'm not actually sure what, other than to call HMRC and go through some long winded process, I expect. Very annoying that this particular agency just take tax from everyone at source, regardless of circumstances.0
-
Is there a time limit of years?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.8K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.9K Work, Benefits & Business
- 601.9K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
