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Taxable Pay?
carlos700
Posts: 507 Forumite
I am trying to get an idea what husband has earned this year to tell tax credits.I know i will have to wait for the p60 coming but i am just trying to get an idea then i can put figures into entitledto website.On his wage slip that he has just received the amount which says taxable pay is that the figure more or less which will be what he has earned for this year?or do i need to take anything off this figure like the amount which says tax to date?
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Comments
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Debt at highest: £6,290.72 (14.2.1999)
Debt free success date: 14.8.2006 :j0 -
Thanks very much for the quick reply i have just used that link but i am still little confused.The website worked out what my husbands net pay would be minus all the deductions but i am still unsure about my original query of does what shows on this weeks wage slip as taxable pay is that what will be on p60 and is this taxable pay figure what i will be giving tax credits on what my husband has earned for this year.0
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Hi Carlos,
I'm sorry - I thought that might help.
Well, tomorrow is the end of the tax year, so everything your husband has earned since his P60 last year is his gross pay. I would take the taxable pay to date as being the figure they'll use on the P60 - could he double check that with the HR/payroll department where he works? I think that as long as it's fairly accurate, that OK for tax credit purposes - not like housing benefit.
Good luck.Debt at highest: £6,290.72 (14.2.1999)
Debt free success date: 14.8.2006 :j0 -
Msmicawber thanks very much for your reply it does not take much for me to get confused about things its not you ,your link was very useful.I will wait for p60 and see what figures are on that thanks again0
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