im not sure if my tax codes are right or not

dithedancer

not sure if im posting in the right place. ive tried using the tax calculator but i have two tax codes and get two p60s, one from my employer which is k40 cumulative my salary is £13066 a year. i also get my late husbands pension with a tax code of BR cumulative, no numbers after it, but i get £3454. i have gone from full time to part time in 2007 and queried my k code with inland revenue 2 years ago who said at the time it was correct due to having two incomes. what do i do now the calculator cant calculate my BR code because it has no numbers after it and the k code takes a big slice of my income.

jennifernil

It sounds to be like you could be paying too much tax. You should have one code (647 this year) that gives you your personal allowance, normally set against the higher income, and your second source of income would then be taxed at base rate (BR).

Mikeyorks

Is that your sole income (£13066 & £3454)? No State Pension?

If it is your sole income (and under 65) then your Code Numbers look very wrong. From the data given - Code BR on the pension is correct and around Code 647 on the income.

The K40 means £6875 is being deducted from the basic personal allowance .... rather than the £3454 you imply is correct.

dithedancer

so should i just phone inland revue again to relook at it or should i go to to an accountant.

Mikeyorks

Contact HMRC ..... absolutely no need of an accountant. Come back here if problems?

But - 1) no State Pension?
- 2) were you a 40% rate tax payer when you worked full time?

jem16

dithedancer wrote: »

i also get my late husbands pension with a tax code of BR cumulative, no numbers after it, but i get £3454.

BR is correct for this one - I assume you mean you get £3454 from your late husband's pension?

As to your K40 code I suspect the OP is female between aged 60 and aged 65 and in receipt of the state pension as Mikeyorks has asked.

Perhaps the OP can clarify?

dithedancer

i'm a female 50 yr old nhs worker, so i'm not ready for my pension yet. i get WTC and CTC i have recently upped my hours to 32 hrs a week although that won't show on my p60 till April. i noticed on todays wage slip that my tax code as now changed to k57 CUMUL due to the extra hours i suppose.i have tried to contact HMRC but i cant get through and its a 0845 number so it's costing me to hang on.

jem16

dithedancer wrote: »

i noticed on todays wage slip that my tax code as now changed to k57 CUMUL due to the extra hours i suppose.

The number of hours that you work have no bearing at all on your tax code.

Unless you have a large underpayment owing from last tax year you should have the normal 647L tax code for your job and BR for the pension.

i have tried to contact HMRC but i cant get through and its a 0845 number so it's costing me to hang on.

Try early morning around 8:30am.

Do you have BT Evening & Weekend call package? If so 0845 numbers are inclusive after 7pm and HMRC are still open then.

Mikeyorks

dithedancer wrote: »

i noticed on todays wage slip that my tax code as now changed to k57 CUMUL due to the extra hours i suppose.

As Jem correctly says .... nothing to do with the hours.

If your Code number is changing ... you should be advised by HMRC via a P2(Coding Notice)? Do you have one .... as that will explain the deductions?

Which are getting worse .... as 'K' is a negative code and therefore K57 implies slightly more tax than K40. If no P2 ...... persevere with HMRC. Sat mornings are allegedly good?

If a P2 .... post the detail.

dithedancer

no i have not got a p2. im with sky talk. i will keep trying. i really appreciate all the help im getting so thanks everyone.

Mikeyorks

dithedancer wrote: »

. i will keep trying. .

You need to do that. From the info you've posted there is something significantly wrong with your main employment Code. There may be a reason for it .. but if that's the case then it's something you've omitted on here.

If no reason. Then the K40 Code is costing you (£6475 + £400 = £6875 @ 20% £1375 pounds extra in tax than the 647L you appear to merit. Well worth a resolution?