IPA for nil tax code

homersimpson316

Thanks Fermi for further claification on this. So next July i will be auto discharged with no IPA for tax, no IPA for excess surplus. Unless my circumstances change that is.

wurzella

Thanks for clearing that up Fermi, I did have the wrong end of the stick.

Just to confirm, I'm currently self employed so the OR will want what I would normally keep aside for tax. But I'm considering a change of job where I would expect to be on normal PAYE, then I would just start paying tax like normal and stop the Nil Tax code IPA there and then?

fermi

homersimpson316 wrote: »

Thanks Fermi for further claification on this. So next July i will be auto discharged with no IPA for tax, no IPA for excess surplus. Unless my circumstances change that is.

Yep.

The NT IPA would cease at the beginning of the next tax year regardless of anything else.

If you don't have a normal surplus income IPA applied before you are discharged, then that is it for those as well. They can't be applied after discharge.