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    New Tax Code OT W1, Very Confused, threshold?
    • #1
    • 26th Dec 10, 11:07 PM
    New Tax Code OT W1, Very Confused, threshold? 26th Dec 10 at 11:07 PM
    Hi
    I was wondering if anyone can help me please!

    I am a Uni student working about 14 hours per week,
    but sometimes more in the holidays

    I have been in my current job 5 years, and only generally pay tax near the end of the financial year when I just go over the threshhold

    I got my wage slip today and I have been taxed 20%
    and not paid any N.I (usually I pay just a little)

    What is confusing me is I have only earned 5400 so far this year
    not enough to start paying tax yet right?

    My old tax code was NT W1
    but it has now changed to OT W1

    Can anyone explain to me if this is normal / correct
    or why this might be?
    Or if someone has screwed up somewhere?

    Thanks in Advance

    xXx
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