Students and Tax.

mitten_2

Can anyone explain the rules for students who work at the same time as studying?

I worked on average 30 hour weeks while studying a full time degree course and i was of course taxed and the tax seemed to be quite a bit.

I no longer have my pay slips as this was 2 years ago now so i have tried to use the Tax calculator in the Revenue website with rough estimates of how much i earned/was taxed and i think i did over pay tax.

If you have over paid tax when it gets to the next tax year do the revenue automatically refund you?

jrrowleyws

You'd have to claim it back... but with no payslips its going to be near impossible unless you have a P60.

DrFluffy

Depends on how much you earned... You can claim the tax back on the first £4k-odd...

melancholly

http://www.hmrc.gov.uk/taxandu/saw_index.htm

should answer most questions

jane22

Yes, bear in mind you can only get the tax back on the tax free allowance. Being a student does not increase your tax free allowance in any way.

You should contact your employers and ask them to send you copies of your P60s etc. It's those that you really need, not your pay slips.

Usually they do adjust people's tax codes so that any overpayment is adjusted, but if you stopped working before you had got all the overpayment back then you would still be owed some money. Good luck!

Bossyboots

The tax office will have all the relevant details so just write them a letter with your NI number and details of where you worked and when. It will be a bit slower without the P60 but they can still look into it and send you a refund if necessary.

ames123_2

Thank you for this advice, it will come in useful for me too!

Oompa_Loompa_2

I believe the maximum amount you may earn tax free is £5000 per annum. If you only work during holidays from university, then (if you are on minimum wage) it is possible you will not get taxed at all during the year, because you will not earn enough to be taxed. However, if you also work during term-time, it is likely you will be earning over £5000 in a year and so you will probably be taxed.

Hope the statistics are right! I used to think students didn't get taxed at all, but found out this was (unfortunately) not true!

Mrs_pbradley936

Oompa_Loompa wrote:

Hope the statistics are right! I used to think students didn't get taxed at all, but found out this was (unfortunately) not true!

People often think that pensioners do not pay tax either! My mother pays a fortune since she was widowed. We even went to the tax office because we thought there had to be a mistake - but no. She gets her state pension, then her own BT pension and then a percentage of my late father's pension so I suppose she is well off compared to some.