Think I have been paid wrong..

Feanor

Hiya

I started my new job on 1st June with a bit of a pay increase from my last one.

All the salary calculators I have done say I should be paying £292 in tax a month, however I have paid £400 in tax. But I can't see anywhere that my student loan has been taken out, which should be around £60 ish so that leaves a shortfall of £50.

Should I query it, or am I missing something?

Thanks

kingfisherblue

Have you checked your tax code? Is it possible that you are on emergency tax at the moment (therefore paying more)?

withabix

Probably your tax code. Did you give them a P45?

Feanor

Hiya

It says Tax Code A. Not sure which one I should be on!
I'll try to find out now via google

Thanks

withabix

Probably your tax code. Did you give them a P45?

Feanor

Hiya

It says Tax Code A. Not sure which one I should be on!
I'll try to find out now via google

Thanks

dori2o

When did you leave your last job? (What date is on the P45)
When did you receive your last salary from your previous employer?
What tax code is on your P45?
Have you handed in parts 2 and 3 of your P45 to your new employer?
You say your on tax code A- I think that is the national insurance code your looking at.

Newbiesw

It sounds like you are on code BR so didn't get your £539 monthly tax free allowance and paid tax on the £539 which is £107.
Add that £107 you shouldn't have paid to the tax you calculated you SHOULD have paid (£292) and that equals the tax you DID pay (£399/£400).
As the others have already confirmed this is because you either didn't hand you P45 in or the one you did hand in was showing a BR code.
It can be sorted, have a word with your Payroll Office.

Newbiesw

dori2o

Newbiesw wrote: »

It sounds like you are on code BR so didn't get your £539 monthly tax free allowance and paid tax on the £539 which is £107.
Add that £107 you shouldn't have paid to the tax you calculated you SHOULD have paid (£292) and that equals the tax you DID pay (£399/£400).
As the others have already confirmed this is because you either didn't hand you P45 in or the one you did hand in was showing a BR code.
It can be sorted, have a word with your Payroll Office.

Newbiesw

There is also one other explanation. If the OP was paid his last salary by his old employer after 6th June, and his first salary from his new employer before 5th July then paying tax at the Basic Rate may actually be correct as he will have used that months tax free allowance in the pay from his previous employer.

dori2o

Newbiesw wrote: »

It sounds like you are on code BR so didn't get your £539 monthly tax free allowance and paid tax on the £539 which is £107.
Add that £107 you shouldn't have paid to the tax you calculated you SHOULD have paid (£292) and that equals the tax you DID pay (£399/£400).
As the others have already confirmed this is because you either didn't hand you P45 in or the one you did hand in was showing a BR code.
It can be sorted, have a word with your Payroll Office.

Newbiesw

There is also one other explanation. If the OP was paid his last salary by his old employer after 6th June, and his first salary from his new employer before 5th July then paying tax at the Basic Rate may actually be correct as he will have used that months tax free allowance in the pay from his previous employer.

Newbiesw

dori2o wrote: »

There is also one other explanation. If the OP was paid his last salary by his old employer after 6th June, and his first salary from his new employer before 5th July then paying tax at the Basic Rate may actually be correct as he will have used that months tax free allowance in the pay from his previous employer.

Of course you're absolutely right dori20, there are another couple of explanations but then they should still have deducted the Student Loan which OP says they didn't.
This suggests to me no P45 with the instruction to continue with a Student Loan, or hopefully in OP's case, received too late for that pay run but will all be sorted next time resulting in a
Tax adjustment in OP's favour and unfortunately.....the start of that Student Loan.

Newbiesw