tax code 'T'

mumto2loves

hi
hope this is the correct place to post.
I've just got my P60 from my employer and normally I stuff it in a drawer with out even looking at it:o but just had a look to see out of curiosity and i noticed my tax code is 670T, looked on HMR website and it says
If there are any other items we need to review in your tax code, for example the income-related reduction to the Personal Allowance (read more in the section 'Effect on your tax code if your income is above £100,000').

Tax code '0T' means your allowances have been used up or reduced to nil and your income is taxed at the relevant tax rates.

what does that mean:o?

(I have 1 part time job that i have been doing for 11 odd years and my earnings certainly are not over £100,000) I don't think it used to end in T but of course could be wrong!

tia

CLAPTON

what tax code is there on your parttime job
how much do you earn on your parttime job

mumto2loves

i only have one job
last year i earnt £6822

CLAPTON

mumto2loves wrote: »

i only have one job
last year i earnt £6822

soory I thought that you meant you had an additionla parttime job.


on your income of only 6822 you should pay no tax at all and your tax code for last your should have been 747L

do you have a notice of coding explaining why your code is lower?

I would suggest phoning the HMRC explaining you have only one job and earn only 6822

CLAPTON

PS, I'm assuming you have no pension or any other unearned income

mumto2loves

no no other earnings - i'll give them a call thanks.:)

Discodave

a "T" suffix (ie: 607T) may imply you have a second job or another source of income, and the standard taxcode (ie: 747L) will be split into two in order two cover both incomes

For example, you may receive a pension/or have a PT job earning £1409 per year, and your primary job, perhaps is a NWM/lower wage job or perhaps that of reduced hours, earning you £6070 per year

In this case

607L would be you primary code/job
140T would breakdown as you secondary income

meaning a overall taxcode of 747L of last year (810L for this year)

Providing you only have 1 job/income, I would contact and question this, as you code should be 747L for last year, meaning the first £7479 is tax free (anything over will be taken, worked out over the year @ 20%)

Also, question if they can look back over the last 4 years (from 08/09 to last year) to see it you are owned any tax.

If you think you are, but have not received it, this is because HMRC will be waiting for p45/p60 for any missing employments. It is likley (but dont quote me on that) you are owned overpayment if you were/are currently on JSA but have not provided paperwork for previous jobs.

For the sake of a 10p per minute call, it maybe worth it. HMRC do not send overpayments if less than £10 unless you request it, as it costs them more to do it than they get paid - however, they do not chase you for underpayments of £49.99 for less. :j

mumto2loves

thanks,
no i've not had any other job while in this one, not even changed jobs only gone from full time to part time about 8 years ago. no idea why anything would have changed. i have my old p60's somewhere so will look them out and se how long its had a t after it.

just tried to phone but there is something going on today apparently:p says to call back wednesday.

I nearly got excited that i might get some money back then, but then thought about it and if i'm only earning £6000 a year in total its not gonna be alot is it!

Horseunderwater

Find all P60's for the past 5 years and examin them for the tax codes. Check the amounts you earned against the tax codes quoted. If you earned more than the tax code free amount - see if tax office sent you any P800 calculations reducing your coding to claim back any underpayments or splitting your allowances up. Look for the oldest one first as you may still have a little time to sort that one now. They may owe you money + interest.

Sligogirl

Discodave wrote: »

a "T" suffix (ie: 607T) may imply you have a second job or another source of income, and the standard taxcode (ie: 747L) will be split into two in order two cover both incomes



In this case607 L would be you primary code/job
140T would breakdown as you secondary income

meaning a overall taxcode of 747L of last year (810L for this year)

Hi All

My husband is in a position of needing two tax codes, but HMRC have got it wrong three times since this new tax year, we are at our wits end, with three phone calls and one written complaint. It happend last year as well and too months to sort out. He has a small pension plus his salary in his full time job. He knows what his codes should be, but they attached them firstly to the wrong income, making his pension his first sourse and taking most tax, then they changed that and made things worse by attaching 160 T to his pension and BR to his salary. He feels he should have 160T to his salary and 650L to his pension. So far this tax year they have also failed to send the changes through to his employer, but not his pension so that he now has 810L on his salary and 164L on his pension.HMRC say he will pay 20% on his main income at BR rate, but he is a 40% tax payer, it is such a mess.
How can we get them to take least tax from his pension, and the larger from his main income , his salary?
Any help on how to get the HMRC to listen and issue the correct code would be so welcome. Thanks in advance.

jem16

Sligogirl wrote: »

He feels he should have 160T to his salary and 650L to his pension.

That would not be a normal split unless your husband earns £1600pa or less.

So far this tax year they have also failed to send the changes through to his employer, but not his pension so that he now has 810L on his salary and 164L on his pension.

That would be higher than the normal personal allowance so doesn't seem correct either.

Any help on how to get the HMRC to listen and issue the correct code would be so welcome. Thanks in advance.

First of all some detail would help.

What age is your husband?
How much is his salary?
How much is his pension? Is it a state pension or private pension?