MSE News: Thousands of tax code blunder victims to discover fate today

CLAPTON

WaxiesDargle wrote: »

Hi Jem

Thank you for your reply.

Yes it is the basic personal allowance and I'm not in the pension scheme in my job....so I will be making that call to HMRC

thanks again

personally I would wait until next year after you receive your P60s from both your job and your pension and also know the interest received in the tax year 2010-11 (and dividends if applicable)

theboyabouttown

Laneyboo wrote: »

Does anybody know how overpayments will be repaid? i.e cheque or through the bank or employer?

my partners firm has failed to update his new address for the past 6 months and all payslips still say our old address.. would hate to think of an overpayment/underpayment notice sat on someone elses doormat whilst we are sat oblivious!

Cheque just opened mine (thought it was a bill) £3546.96

SOOOOO HAPPPPYYYYYYY :j:j:j:j

For those interested the the letter also informs me that the calculation of the amount is being sent separately another waste of money !

WaxiesDargle

jem16 wrote: »

You definitely should now be making some higher rate tax payments then. I was hoping you might be paying into a pension as that would reduce your taxable income and could have kept you in basic rate.

Thanks

when I started my new job I was under the 40% tax rate and I deliberately did not go into the pension scheme as I wasn't sure how long I would be there...maybe that was a bad decision as now it appears I am paying into the tax system rather than into a pension scheme from which I would benefit

sorry to go off topic

jem16

WaxiesDargle wrote: »

Thanks

when I started my new job I was under the 40% tax rate and I deliberately did not go into the pension scheme as I wasn't sure how long I would be there...maybe that was a bad decision as now it appears I am paying into the tax system rather than into a pension scheme from which I would benefit

sorry to go off topic

Are you not able to join now? Does the company also contribute?

WaxiesDargle

yes...it's the NHS....something I will look into ...thanks

jem16

WaxiesDargle wrote: »

yes...it's the NHS....something I will look into ...thanks

I can't believe you didn't join immediately.

You should be able to opt back in.

http://www.nhsbsa.nhs.uk/Pensions/2656.aspx

WaxiesDargle

jem16 wrote: »

I can't believe you didn't join immediately.

You should be able to opt back in.

http://www.nhsbsa.nhs.uk/Pensions/2656.aspx

as I said Jem...I didn't know if I was staying...it was only supposed to be for a year

CLAPTON

WaxiesDargle wrote: »

as I said Jem...I didn't know if I was staying...it was only supposed to be for a year

sadly there must be millions of people who have refused 'free money' because they didn't know they were going to stay more than a short time

jem16

WaxiesDargle wrote: »

as I said Jem...I didn't know if I was staying...it was only supposed to be for a year

Even a year would have been worth a fair bit in a final salary pension. Always, always take the free money.

kelpie35

pennypinchingmum wrote: »

Hello all,
Unfortunately we have today recieved a letter saying my husband has underpaid and owes (what is for us) a large amount of money. However it was for the tax year 08/09 and his employer sorts out all tax. So i'm hoping we can appeal but i'm unsure of how to do this so i'd like some advice?

I was told in a letter that I have underpaid my tax by £80. I receive an occupational pension of around £400 per cal mth. I received my pension today and it is £25 less. Told it is because I owe tax. Don't know if this is right or wrong.