The Tax Man

AllNancy

I've seen posts on here about tax and never quite understood, now I've got one myself so could some kind soul explain please?

The letter states that tax will not be deducted from my pay until April 2009. Well that's very nice but where does it go and does,'pay,' also include pension?

Along with this letter I also received one from Teachers Pension telling me that the top up I've been paying since January 2007 doesn't exist!!!!

I know that's nothing to do with this board. Just venting my wrath. Grrh!:mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad:

I've been battling with them and county for five months!


Nancy

skylight

Do you get
Pay-pension-tax-NI=tax home?
Or, Pay-tax-NI-pension=take home? Actually, neither matter here!

What you will get now is
Pay-NI-Pension = Take Home. Now, this take home will include your tax that you will no longer be paying. Sadly its not yours (sorry!) If you have not had contact from already your OR about this, I would contact them ASAP. They will arrange for them or another company to collect this from you and this can take a long time. Do not spend the money. NO! no no..... (get it!!) Put it away because the OR will ask for it.

And as for your teacher pension, have you got the union involved yet? They tend to listen to them.

AllNancy

skylight wrote: »

Do you get
Pay-pension-tax-NI=tax home?
Or, Pay-tax-NI-pension=take home? Actually, neither matter here!

What you will get now is
Pay-NI-Pension = Take Home. Now, this take home will include your tax that you will no longer be paying. Sadly its not yours (sorry!) If you have not had contact from already your OR about this, I would contact them ASAP. They will arrange for them or another company to collect this from you and this can take a long time. Do not spend the money. NO! no no..... (get it!!) Put it away because the OR will ask for it.

And as for your teacher pension, have you got the union involved yet? They tend to listen to them.

Thanks for your reply.

It all seems a bit strange to pay the tax to the creditors instead of the Government. I have two pensions which are taxed....naturally!

I teach one or two days per month and noticed that I had not been taxed on the teaching but assumed it was to do with my tax code....not earning enough. Neither pension tax has changed.

Only received the letter today so now I'm totally confused as to whether those amounts are included or not.

I'm not with a Union. They were pretty useless when I was. TP are blaming the county and county are totally disorganised so I can see me battling for another five months. It's only £300 for goodness sake.


Nancy

AllNancy

I've just checked my last four pay slips and there's no tax but the tax code is 295P. Not NIL. So what does that mean? That I pay them that tax or not?

I'm starting to panic.....again.


Nancy

PixiePie

AllNancy wrote: »

The letter states that tax will not be deducted from my pay until April 2009. Well that's very nice but where does it go and does,'pay,' also include pension?

You get paid the tax along with your pay, you need to keep this separate and pay it to Clarke Willmot (the company that deal with the Tax payments for the insolvency service) - they will be in contact if they haven't already to arrange how much you should be paying them, and when to start and how. If your tax is still being deducted, then you won't have to pay them this - they ask you if the tax code has been applied or not at the start, and ask for payslips to check this. If you haven't had the tax code applied, they just go 'ok as soon as it is you will start paying us'. If that doesn't happen before April, or you change jobs, then they are happy - I went BR last August and the tax office never sorted their lives out, so I just kept sending payslips to Clarke Willmot proving I wasn't getting the money and they were fine about it - I found them *really* helpful and understanding about the whole thing, and in April they wrote to me saying they were totally happy with my case and my file was being closed now. You may not get a tax ipa as you say you work so little that you probably don't use up your tax allowance and might have a tax code to reflect this, so it may not get changed.

Along with this letter I also received one from Teachers Pension telling me that the top up I've been paying since January 2007 doesn't exist!!!!

Surely if you just send them copies of your payslips you can clear this up easily?

BTW - your pension isn't taxed anyway, so there shouldn't be any tax coming off this ever (if you decide to leave teacher's pensions and claim the money you have been paying in back in a lump sum it will be taxed then for eg)

tigerfeet2006

If you pay less than £50 tax a month it won't be collect as the OR thinks it costs to much to collect such a small amount.

AllNancy

PixiePie wrote: »

AllNancy wrote: »

The letter states that tax will not be deducted from my pay until April 2009. Well that's very nice but where does it go and does,'pay,' also include pension?

You get paid the tax along with your pay, you need to keep this separate and pay it to Clarke Willmot (the company that deal with the Tax payments for the insolvency service) - they will be in contact if they haven't already to arrange how much you should be paying them, and when to start and how.

They have been in contact but only for the £50 permonth IPA and arranging the Direct Debit. The letter from the tax man was my first intro to NIL tax code.

If your tax is still being deducted, then you won't have to pay them this - they ask you if the tax code has been applied or not at the start, and ask for payslips to check this. If you haven't had the tax code applied, they just go 'ok as soon as it is you will start paying us'.


So and excuse me on this but when I panic I have problems taking things in....until my tax code on the payslip says NIL I am not liable...having to pay it to Clarke Willmot?

If that doesn't happen before April, or you change jobs, then they are happy - I went BR last August and the tax office never sorted their lives out, so I just kept sending payslips to Clarke Willmot proving

I wasn't getting the money.....now this I don't understand.

and they were fine about it - I found them *really* helpful and understanding about the whole thing, and in April they wrote to me saying they were totally happy with my case and my file was being closed now. You may not get a tax ipa as you say you work so little that you probably don't use up your tax allowance and might have a tax code to reflect this, so it may not get changed.

Along with this letter I also received one from Teachers Pension telling me that the top up I've been paying since January 2007 doesn't exist!!!!

Surely if you just send them copies of your payslips you can clear this up easily?

If life were only that simple! They've never asked for them. I just have to keep completing forms. I think I've filled four so far.

BTW - your pension isn't taxed anyway,

Both pensions are taxed! Do you mean the tax won't go to the CW? State indirectly. Teachers directly.

so there shouldn't be any tax coming off this ever (if you decide to leave teacher's pensions and claim the money you have been paying in back in a lump sum it will be taxed then for eg)

Nancy