New job not going so well

MissSarah1972

falko89 wrote: »

Thanks, I'll have to get it looked into or they'll take 2 or 3 weeks tax of me in one foul swoop.

they normally take a months tax off you if you get paid monthly

falko89

MissSarah1972 wrote: »

they normally take a months tax off you if you get paid monthly

I thought I was getting paid monthly but turned out to be weekly, I'm sure I owe about £30-£40 tax if they do it again then take all in one swoop it will be quite a kick in the teeth.

princessdon

Not necessarily - you may not pay tax for weeks - I know when my OH returned to work following redundancy he got a tax credit.

Eg Tax Allowance £8100 - Salary is £12100 - Therefore £4000 per year in tax or 333 a month.

April you didn't pay tax - so are owed 333
May you work so pay 333 (but they owe you 333 so 0)
June - you pay 333.

Does that make sense?

falko89

princessdon wrote: »

Not necessarily - you may not pay tax for weeks - I know when my OH returned to work following redundancy he got a tax credit.

Eg Tax Allowance £8100 - Salary is £12100 - Therefore £4000 per year in tax or 333 a month.

April you didn't pay tax - so are owed 333
May you work so pay 333 (but they owe you 333 so 0)
June - you pay 333.

Does that make sense?

Very much so yes.

princessdon

BTW I know I didn't work out the 20% above, but the way my payroll systems work is that it "accrues", so as you are at the start of the fiscal year I'd assume you will pay tax soon. But when you do it won't be a "hit in one go", it is calculated this way so your weekly wage (minus unforseen Over time) is static.

To calculate otherwise would mean paying an employee a Tax free payment until they hit the tax threshold then hitting them with tax for the year, which is unfair as they won't have a set weekly wage.

so payroll systems will calculate the tax that is due to pay for 52 weeks and then divide by 52 and apply to each week. As you have a "credit for weeks 1 - 4" this means your tax liability is zero.

Eg I paid tax this month (april) and am due to be made redundant next month. So if I never work again till April 2013 I will be "owed" the tax I paid and will be eligible to reclaim at the end of year.

Autumn86

Just leave the job.


The jobcentre have absolutely no way whatsoever of knowing what you do in the 2weeks between signing on.

You tested out a job in your spare time, didn't like it,
so just quit the job and move on in your life to keep searching for a job you do enjoy. :beer:

falko89

Autumn86 wrote: »

Just leave the job.


The jobcentre have absolutely no way whatsoever of knowing what you do in the 2weeks between signing on.

You tested out a job in your spare time, didn't like it,
so just quit the job and move on in your life to keep searching for a job you do enjoy. :beer:

No !!!!!! that and I signed off anyway, As suggested on here I'll use it to move onto something bigger and better, the hate towards it can be a great motivator for change.

jem16

falko89 wrote: »

So, first pay check today, anyone know why I haven't been taxed? I lost national insurance but no tax, and yes they have my P45 and the rest.

With some actual details then yes someone might know. So if you would like to post;

1. Paid weekly or fortnightly or monthly?
2. Tax code used
3. Gross wage
4. Gross taxable pay
5. Did you receive JSA - if so how much and did you hand in your P45?