P60 Help - Refunds

tsimehC

I got my P60 today for the period 04/09 to 04/10. Just wanted to ask one question on the part on Tax (R=Refund). What does this exactly mean? I was on emergency code (BR) initially when I started my job but that was automatically refunded the following month (at least that's what one of my colleagues told me).

My figures:

Total Pay: 11155.13
Tax: 935.20 (this figure is also in the Tax (R=Refund) column).

There is also a Superannuation Contributions sum but not sure what that is, probably over-time but it is not included in the total pay.

I have used an online tax refund calculator (taxfix.co.uk) which states I am due no tax rebate which makes sense. Any help is very much appreciated.

Savvy_Sue

Surely your Superannuation Contributions are the old-fashioned name for your pension contributions? Either yours or the ones your employer is making for you.

NOT overtime!

tsimehC

I see, yeah I do pay pensions contributions.

anamenottaken

tsimehC wrote: »

I got my P60 today for the period 04/09 to 04/10. Just wanted to ask one question on the part on Tax (R=Refund). What does this exactly mean? I was on emergency code (BR) initially when I started my job but that was automatically refunded the following month (at least that's what one of my colleagues told me).

My figures:

Total Pay: 11155.13
Tax: 935.20 (this figure is also in the Tax (R=Refund) column).

There is also a Superannuation Contributions sum but not sure what that is, probably over-time but it is not included in the total pay.

I have used an online tax refund calculator (taxfix.co.uk) which states I am due no tax rebate which makes sense. Any help is very much appreciated.

On my P60 there's no Tax Refund column into which an amount could be written, only a box against the tax deducted box for "in this employment". I think what you have is £935.20 having been deducted "in previous employment(s)" row which was then refunded to you through your current employer's payroll.

Though superannuation is pension, I do see your logic in thinking "super" means "over" and "annuation" is about "time" (as in annual or annum).

Savvy_Sue

anamenottaken wrote: »

Though superannuation is pension, I do see your logic in thinking "super" means "over" and "annuation" is about "time" (as in annual or annum).

Sorry, I've only ever thought of it as one word! I remember encoutering it in a reading test when I was 7 or so, a 'superannuated bluebottle' was doing something or other ... I guessed then it meant 'elderly' ...

welshneo

I have a problem with BR tax codes - or maybe not... I need help clearing it up.

I have 3 Jobs.
The first is with McDonalds rest ltd
The second John Lewis PLC
and the Third with Blue Breeze Cleaning service sales mgr.

For jobs 2 & 3 i have a BR tax code and rightly so, but do i qualify for a refund of tax as i am paying so much emergency tax and if so how would i know and more importantly, how do i claim?

fengirl_2

It's impossible to answer without knowing how much you earn at each job.

continualdiamond

This is why people should have to submit a tax return at the end of the financial year.

Everyone has to back home (Australia) and i have checked online every year I have lived here now (7) with just typing in 'tax refund calculator' and then i know if i am due anything back.

Granted people sometimes back home end up owing tax, but then it keeps everything fair. No one is going to contact you letting you know they owe you money back from paying too much tax, but they'd be quick smart to contact you if you owed them.

Why should the govt keep your hard earn't money? I got £400 back one year from being on tax code BR, thats £400 the govt didn't get away with pocketing.

My OH is due back £160 for this tax year just passed and £300 for the previous year, where just getting everything together to put in 2 claims.

I think, i might be wrong, but i think what you need to do when you have more than one job is put all the figures together of income and tax and then use an online refund calculator. Shouldn't matter what tax code each job has as the tax codes should be correct for each job so the final total for the year of tax you have paid is right. I have 2 jobs and have the tax code BR for my 2nd, but im due no refund.

Only way i got £400 back a few years ago was my main job having the tax code BR.

You can get forms from your local tax office to fill out for a refund and just submit everything yourself or companies do it for a %. I've just always done it myself cos its straight forward.

It baffles me that most people here just trust that they have paid the right amount of tax, no way in hell do i do that. Just a quick 5 mins, finding a website, putting in your figures and pressing calculate tells you if the govt has been correct in what you should of paid.

I use: http://www.taxback.co.uk/taxcalc.shtml to calculate everything

(don't know if i am allowed to post that, just let me know if i need to remove it)

silverjay

welshneo wrote: »

I have a problem with BR tax codes - or maybe not... I need help clearing it up.

I have 3 Jobs.
The first is with McDonalds rest ltd
The second John Lewis PLC
and the Third with Blue Breeze Cleaning service sales mgr.

For jobs 2 & 3 i have a BR tax code and rightly so, but do i qualify for a refund of tax as i am paying so much emergency tax and if so how would i know and more importantly, how do i claim?

You need to check your total gross income from all jobs against your tax code.

Basic tax code is 647L which means you can earn 6475/year or 125/week without paying tax. If your code is a week1/month1 code then you will pay tax on anything over the 125 even if your weekly pay varies. Your tax code will be used against the income from your 1st/main job and then all other jobs are at the BR basic rate code. You may need to contact the tax office to get a cumulative code.

If your total income is under the 6475/year then you would be entitled to a refund of tax from your BR coded jobs and you need to write to the tax office, send your P60's and ask for the refund of over paid tax. Unfortunately if the amounts are only small their preference is to adjust your tax code to account for the overpayment so that you get it back in the pay from your main job rather than getting a lump sum from them. A lot depends on the timing of your code adjustment. If you get a code adjustment implemented in March then you will get a nice lump sum in your pay. If it is adjusted April/May then you get a reduction in the tax you pay each week during the year.

Hope this helps.

silverjay

tsimehC wrote: »

I got my P60 today for the period 04/09 to 04/10. Just wanted to ask one question on the part on Tax (R=Refund). What does this exactly mean? I was on emergency code (BR) initially when I started my job but that was automatically refunded the following month (at least that's what one of my colleagues told me).

My figures:

Total Pay: 11155.13
Tax: 935.20 (this figure is also in the Tax (R=Refund) column).

There is also a Superannuation Contributions sum but not sure what that is, probably over-time but it is not included in the total pay.

I have used an online tax refund calculator (taxfix.co.uk) which states I am due no tax rebate which makes sense. Any help is very much appreciated.

Usually on a P60 the figure reads either 935.20 or 935.20R. So if there is an R after the tax paid figure it means you have received a tax refund of 935.20 during the year but if there is no R then the figure is the amount of tax deducted from your pay during the year.

Based on your salary 11,155 - 6475 (basic tax code) you have a taxable income of 4680 x 20% = 936 tax paid/deducted during the year.

Hope this helps.

fengirl_2

continualdiamond - we try to avoid getting into the tax return system in the UK becasue once you are in it, its impossible to get out - you can't just opt out or you get fined. All people on PAYE have to do is ensure their code number is correct at the start of the year and amke sure their employer operates this code. If anything goes wrong, they simply contact their tx office at the end of the eyar and ask for a refund.
If the OP wishes to reply to my original post, we can maybe give some proper help, rather than just guessing.