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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Take Home Pay Check

Hi all

At the end of each tax year I take my pay slips and tally up my:
PAY
INCOME TAX
NATIONAL INSURANCE

I then check this against an online take home pay calculator:
http://www.thesalarycalculator.co.uk/salary.php

Then if I believe I have paid too much tax I write a letter and claim it back.

This year however the figures are slightly strange. My payslips compared to the online calculator makes it looks like I have £694 too much income tax but £530 too little national insurance.

Should I claim the £164 difference back?

Thanks

Comments

  • Mikeyorks
    Mikeyorks Posts: 10,379 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    pjbltd wrote: »
    Should I claim the £164 difference back?

    Thanks

    But ..... on what basis would you be claiming it back?

    First of all you need to rationalise where the 'error(s)' has occurred. The P60 is the more sensible base to work from - as that should contain the figures your employer is submitting to HMRC.

    And a check against another calculator might not go amiss :-

    http://www.listentotaxman.com/

    ........ or post your Month 12 figures / Code number on here?
    If you want to test the depth of the water .........don't use both feet !
  • pjbltd
    pjbltd Posts: 214 Forumite
    Thanks Mikeyorks that calculator seems much better.
    Yes I'll have to get my P60 from my employer
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.7K Work, Benefits & Business
  • 603.1K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.