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Extra pay due to new tax code

mandrake75
mandrake75 Posts: 45 Forumite
in Bankruptcy & living with it
Hello all

I appear to be now getting just over £20 per month extra due to my new tax code
I'm on an IPA (old rules), so i will forward a payslip copy to the OR. Should i send a copy to Moonbeever as well?
And do you think it'll end with me having to do a new SOA or will they just tell me to pay a bit more?

Thanks in advance

Comments

  • Ineedaname
    Ineedaname Posts: 3,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    When did you go BR? If you are now on an NT code then you have to pay your tax to Moonbeever until the end of the tax year in which you went BR.

    If it's just a change in tax code for other reasons then it means you have £20 extra surplus each month and your OR may want to renegotiate your IPA.
    When I joined, I needed a name. The forum members gave one to me...I am INAN :D
    "Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt
  • dojoman
    dojoman Posts: 12,027 Forumite
    It is just because the new tax codes have come in to being, to be on the safe side you should inform your OR.
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • mandrake75
    mandrake75 Posts: 45 Forumite
    Yes I went BR in August, i've just finished my nil tax and am back on a tax code. It has improved my wages by £20 from before i went nil-tax in October just gone
  • Ineedaname
    Ineedaname Posts: 3,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The OR will want to know about it within 21 days of the change.
    When I joined, I needed a name. The forum members gave one to me...I am INAN :D
    "Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt
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