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Tax or not??

Hi
I am on a state pension , and i have just finished a job where i was helping them out in the middle of the tourist season
What i would like to know is . should i have paid tax... i have been retired for 5 yrs
I earned
in total £2272 gross
I paid £444 in tax
I also do not understand my tax code......OTM1
Can anyone please help in this ??
thank you
kathy

Comments

  • bod1467
    bod1467 Posts: 15,214 Forumite
    http://www.payroll-help.com/faq/what-does-my-tax-code-mean/

    Is any of your pension taxed? If your pension income exceeds the individual tax allowance then any additional income will be taxed in full.

    0TM1 means you were taxed at your highest rate - in this case 20%. (PS - It's a Zero not an Oh).
  • By default you should pay 20% tax above £9490 annually.
    (Assuming your not over 75, have a company car or BUPA etc etc)
  • Flyboy152
    Flyboy152 Posts: 17,118 Forumite
    You may need to complete a tax return. If have paid too much, the excess will be refunded
    The greater danger, for most of us, lies not in setting our aim too high and falling short; but in setting our aim too low and achieving our mark
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