We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Personal allowance advise?

Options
Today I received a letter from HMRC explaining that I had underpaid 2.2k of Tax over the past 2 years.

I had worked for an IT company in a junior position where I was working shifts and office based. I was paying the basic rate of tax. I recently had to come out of work and am presently claiming incapacity benefit as my only source of income. I have a mortgage and a 3 year old.

What measures can I take to mitigate the financial pressure?

Are there any personal allowances that I am entitled to that I may be unaware of ?

Comments

  • Valli
    Valli Posts: 25,469 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    have you checked?

    do you have P45s P60s to hand?

    can you post gross income, allowances etc

    basically you will have been entitled to a personal allowance,each year, coding should have been something like 645L

    we also need to know if you made any pension contributions etc

    also we need to know the exact dates of things, when you started, when you finished etc
    Don't put it DOWN; put it AWAY
    "I would like more sisters, that the taking out of one, might not leave such stillness" Emily Dickinson
    :heart:Janice 1964-2016:heart:

    Thank you Honey Bear
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Valli wrote: »
    we also need to know if you made any pension contributions etc

    ........... or had any benefits from your employer such as medical insurance / car allowance etc?
    If you want to test the depth of the water .........don't use both feet !
  • zygurat789
    zygurat789 Posts: 4,263 Forumite
    Part of the Furniture Combo Breaker
    banjax wrote: »
    Today I received a letter from HMRC explaining that I had underpaid 2.2k of Tax over the past 2 years.

    What was their explanation?
    The only thing that is constant is change.
  • chrismac1
    chrismac1 Posts: 2,585 Forumite
    Rule number 1 - accept nothing HMRC tell you as being true until proven beyond reasonable doubt. Reason - they are a shambles! I'd like to see them in the Boardroom with Alan Sugar!
    Hideous Muddles from Right Charlies
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.