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Tax and NI when working under 16 hrs per wk
sunday_girl
Posts: 186 Forumite
Hi, can anyone help me please?
I've had a look on the HMRC website but can't find the answer. I've recently been employed on a part time basis, working variable hours (less than 10 per week). My understanding was that as I was not earning enough to pay tax and NI then these would not be stopped from my wages. The amount of pay received for August was £82.90 down and my manager tells me it will be due to stoppages and that I will get these deducted and then get a tax rebate at the end of the year? Is this right? From £274 earned, I've had £82.90 stopped? Just doesn't seem worth working if this is the case (as I need the money now, not at the end of the year!).
Many thanks
I've had a look on the HMRC website but can't find the answer. I've recently been employed on a part time basis, working variable hours (less than 10 per week). My understanding was that as I was not earning enough to pay tax and NI then these would not be stopped from my wages. The amount of pay received for August was £82.90 down and my manager tells me it will be due to stoppages and that I will get these deducted and then get a tax rebate at the end of the year? Is this right? From £274 earned, I've had £82.90 stopped? Just doesn't seem worth working if this is the case (as I need the money now, not at the end of the year!).
Many thanks
0
Comments
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Is this a second job? What's the tax code they have used?:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Hi
It's my only job....the tax code is 747L.
Thanks0 -
Then the amounts are too low for any tax or NI to be deducted.sunday_girl wrote: »Hi
It's my only job....the tax code is 747L.
Thanks:footie: Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
What does the payslip say?0
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Thanks for your replies, I've now been able to speak to somebody in payroll and they have explained what's happened this month (a bit convoluted but I will get the money I am missing back next month) but am pleased to know that on a normal month I shouldn't be deducted for tax and NI.0
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I assume that they said they had made the deductions because they were waiting for your coding notice from HMRC? This is normal when you start a new job, even if you submit a P45. Usually you will find there is an automatic repayment of the overpaid tax through your wages in the next few weeks.0
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It's a lot for them to take even if waiting for a proper tax code, but if you're going to get it back there's no problem.0
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sunday_girl wrote: »but am pleased to know that on a normal month I shouldn't be deducted for tax and NI.
You do realise that if you are not earning enough to pay NI, you are not building up any entitlement to a state pension?0
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