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larkrise

13

Comments

  • Mikeyorks
    Mikeyorks Posts: 10,379 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I agree you can read that in. But it doesn't add up. The P60 data for employment has Pay / tax which compute to each other. But the tax deducted only averages less than £8pw ..... and that presumably includes at least one full month in the April?

    Similarly I can read that the pension is both £140pw and that £140pm tax is deducted. The P800 clarifies there is £9528 of income missing. If that has been correctly taxed at BR then you can (with a bit of rounding!) get both the income and the tax close to those £140 figures. However that is over 12 months.

    But without the pension P60 ...... we're just aimlessly kicking it around. But I trust he comes back as 1) P14 error by the pension provider or 2) data capture error of the P14 by HMRC ...... it does suggest there is little or no underpayment.
    If you want to test the depth of the water .........don't use both feet !
  • jennifernil
    jennifernil Posts: 5,806 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 20 December 2011 at 11:38PM
    larkrise wrote: »
    just took my pension of £8000 approx per year and started to earn £140 per week payed tax on both £140 per month on pension and £13 per week on wage

    It could do with more punctuation to be 100% clear, but I think there is little doubt the OP means his pension is approx. £8000 p.a., plus he earns £140 per week. (£7280 p.a. is stated in another post)

    And the tax deducted was £140 per month from pension, and £13 per week from wage.

    In which case the P800 is totally wrong.

    As you say Mike, none of it adds up!
  • thank you all very much for this advce , i do hope you are right as they want to take £200 extra tax off me for a year from april , i just cannot afford that, many thanks trying to trace the 2nd p60 now
  • Mikeyorks
    Mikeyorks Posts: 10,379 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    larkrise wrote: »
    trying to trace the 2nd p60 now

    It's the biggest bit of the jigsaw, so you do need it. If it's not obvious - have a look on the back of the first payslip for the 11/12 year (end April) ...... as a number of pension providers tuck it there.
    If you want to test the depth of the water .........don't use both feet !
  • jennifernil
    jennifernil Posts: 5,806 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Some just say the last slip of the year is also your P60, so could be the case here.
  • Mikeyorks
    Mikeyorks Posts: 10,379 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    But most pension providers don't issue payslips in general. Only where there is a change of significance (pension level / Code). So they tend to issue a Month 1 payslip - with note on it to indicate this is the new level of pension for the coming year.

    And - whilst doing that - a lot pop the P60 on the reverse.
    If you want to test the depth of the water .........don't use both feet !
  • jennifernil
    jennifernil Posts: 5,806 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Yes, OH's new lot are like that, only issue a slip if there is a £1+ difference.

    Then they send a Month 12 slip and it says on it "this is also your P60, please retain for future reference", or something like that.
  • xylophone
    xylophone Posts: 45,913 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If all else fails I wonder would the pension provider be prepared to provide a print out of payments and tax for the year in question? They should at least be able to provide the tax code?

    I know that P60s used to carry a "you will not be able to get a duplicate" warning but mine for last year doesn't - has this changed?
  • jennifernil
    jennifernil Posts: 5,806 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Not sure on that, but you can at least get a "statement of earnings"
  • Mikeyorks
    Mikeyorks Posts: 10,379 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I'm not sure there's ever been an inhibition on duplicate P60s ..... only on P45s. The only thing that's changed recently is that the P60 no longer has to be marked as a duplicate :

    If you've lost your P60 your employer can issue you with a duplicate. From the tax year 2010-11 onwards, your employer will no longer be required to show on the P60 that it is a 'duplicate'
    If you want to test the depth of the water .........don't use both feet !
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