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Nil Tax Code
script
Posts: 718 Forumite
As you know in Bankruptcy you’ll have a nil tax code until the end of the financial year.
And usually Moon Beaver (Solicitors) will collect the tax on behalf of the OR.
Now I might be being a bit dense…
But how do you know what your tax would have been?
In other words how do you work it out.
And usually Moon Beaver (Solicitors) will collect the tax on behalf of the OR.
Now I might be being a bit dense…
But how do you know what your tax would have been?
In other words how do you work it out.
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We all die. The goal isn't to live forever, the goal is to create something that will0
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Thanks Phil,
But I'm still not sure how you work out what the tax would have been.
Or is it worked out for you and mentioned on your payslip?0 -
Thats one of the main reasons I worked out my BR to go just before end of tax year - so I didn't have the hassle of nil tax code.
:j :j
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Good point 5 year.
Now I am beginning to worry that you do have to work the tax out by yourself.
Is that really the case?
Someone - please say "no it's worked out for you" lol0 -
from what I remember its worked out for you....you just have to put it to one side for "moon beaver" stuuuuuuuuuuuuuuuuuuuupid name! to collectWe all die. The goal isn't to live forever, the goal is to create something that will0
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It's usually an average of your last 3 payslips, they'll tell you what they want you to pay. It's a fixed monthly amountAccept your past without regret, handle your present with confidence and face your future without fear0
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I always assumed you had to work it out but it has never been clear to me. Since I didn't have one myself I'm not really sure - sorry not to be any help on this!
:j :j
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philnicandamy wrote: »from what I remember its worked out for you....you just have to put it to one side for "moon beaver" stuuuuuuuuuuuuuuuuuuuupid name! to collect
What if you don't earn the same amount every month or if you get paid weekly?
:j :j
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Thanks everyone.
The good news is - one way or another - it's worked out for you.
Thank goodness for that.0 -
its explained a bit more in detail here (I got it wrong!...well it has been a long day!)
http://www.insolvency.gov.uk/pdfs/guidanceleafletspdf/ipoipa.pdf page 9 or so....
i'm gonna stop posting now because everything today advice wise seems to be total rubbish! i'll leave it for someone else to sortWe all die. The goal isn't to live forever, the goal is to create something that will0
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