Tax reclaiming?

HelenYorkshire

Hi, I currently work full time but will be quitting to start a full time university course.
Can I reclaim the PAYE tax taken from April to September / October?

If so, can I do it then, or do I have to wait until next March?

Thanks :beer:

Lokolo

Depends how much you earn in those months. If its over your personal allowance then no. Otherwise yes.

Are you planning on getting any part time jobs whilst at university or not?

If you are, then you can do it now I think (not sure). Otherwise you have to wait until next April.

CLAPTON

if you are not planning to work again after september you can write to the HMRC enclosing your P45 (keep copy ) and they will refund the tax

lilysgarden

I'm gonna be a pain and ask a question here too cos it's about tax and it saves starting more damned threads!

Basically, I work 16 hours a week at one part time job which I've had for the three years of my degree. It's just the basic shelf stacking thing on minimum wage, but it just about covers most of the rent each month. But I also do sessional work for a local housing support uni run by a charity. At the moment I am do loads of sessional work, simply because it's available, I have the time, and I never know when it will dry up! But with the sessional job, I get charged tax at the basic rate. I filled in one of those P46's (I think it was), but my tax stills seems painfully high! Especially for a job with unguaranteed hours.

Any idea if I should be chasing this to claim the tax back? Or should I wait till I go into a proper full time job and chase it up then?

Cheers!

Nik xx

CLAPTON

lilysgarden wrote: »

I'm gonna be a pain and ask a question here too cos it's about tax and it saves starting more damned threads!

Basically, I work 16 hours a week at one part time job which I've had for the three years of my degree. It's just the basic shelf stacking thing on minimum wage, but it just about covers most of the rent each month. But I also do sessional work for a local housing support uni run by a charity. At the moment I am do loads of sessional work, simply because it's available, I have the time, and I never know when it will dry up! But with the sessional job, I get charged tax at the basic rate. I filled in one of those P46's (I think it was), but my tax stills seems painfully high! Especially for a job with unguaranteed hours.

Any idea if I should be chasing this to claim the tax back? Or should I wait till I go into a proper full time job and chase it up then?

Cheers!

Nik xx

on your parttime work:
how much do you earn gross per year?
what tax code are you on for this job

on the sessional job
how much do you earn per year
what tax code are you on for this job

lilysgarden

On the part time job, it works out around £5200 per year after tax. Don't have a wage slip to hand but think the tax code was something like 52L. I know it's certainly one of the lower tax bands because of my student status.

The sessional work is the one that's the problem because it's not set hours. I started august last year and up until december, was able to get at least 2 shifts a week average. After that, they tailed off because the permanent staff wanted to re-coup some money after xmas, so I had no shifts at all throughout January. Then because of uni commitments, I wasn't able to work there again until mid june. And even then, I got very few calls asking me to work. Even if I had been able to work, I'd have been lucky to get one 8 hour shift each week. But I do know that I'm still on tax code BR for this work despite completing my P46!:eek:

CLAPTON

you probably have a tax code of 543L ... which is not a lower tax band but the standard code for most people... amazingly students are considered normal people...

that means you can earn £5435 per annum tax free, everything over that is taxed at 20%.
Now all this allowance is allocated against your main job so the other job is coded BR (i.e. 20% tax on everything)
.. so from what you say you are probably paying a little too much on the sessional earnings but not much.... the detail matters here i'm afraid.

NOTE in September the tax free allowance changes to £6035 and this applies to your yearly earnings.

Its posssible that you are owed a refund for last year... it you post up the annual numbers I will check to see if you are due a refund (need the P60 figures )

lilysgarden

Cheers for that!!! I will try to drag out my P60 soon! Sadly with planning to move etc, I've put things away and can't remember where...:rolleyes:

Anyway, I may just call the tax office direct and see where I stand with it as I'm pretty sure that even with the second job, I don't go over the annual allowance a huge amount. The difference is probably only a couple hundred quid.

Thanks once again though, much appreciated!

HelenYorkshire

Another student vs tax question

R85 form to prevent tax on savings - eligibility depends on taxable income, correct? So my stipend / bursary is apparently non taxable, so I technically have no income, therefore I CAN avoid tax on a savings account.

Is my logic correct or have I missed something obvious / vital?

Lokolo

That is correct.