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Self assessment - I owe nearly twice what I earn't.

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Comments

  • dori2o
    dori2o Posts: 8,150 Forumite
    Part of the Furniture 1,000 Posts
    The Student loan repayments are what brings the calculation to £1100.

    So the fact you didn't pay tax at job 2 is compounded by the fact there was insufficient student loan deductions over the yer. Did employer 2 deduct student loan payments?

    There would have been some student loans payable due to the self employed income, but only 9% of £660 (approx £60)
    [SIZE=-1]To equate judgement and wisdom with occupation is at best . . . insulting.
    [/SIZE]
  • jay_2012
    jay_2012 Posts: 5 Forumite
    edited 22 January 2012 at 3:04PM
    It doesn't look like my previous employer made any student loan deductions, which makes sense as I was there for a year, and prior to that I was self-employed and earning under the repayment threshold.

    My current employer took out £60 in total for student loans according to my P60.

    I think the issue is probably due to my current employer because if I leave these details out of my return, the total to pay calculation is only £323.
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