Tax Codes

katies_mum

Thank you for replying, I`m sorry if Imay have got the figures wrong was in a rush and of am really stressing overthis and him now being unemployed again.

Here goes, I have listed every payslipwe have…

Grosss Tax paid Nat Ins

Job 1
April 2012 1682.09 199.80 818L 125.77
May 2012 1563.17 176.20 818L 111.50
June 2012 1726.82 208.80 818L 131.14

Job 2
July 2012 1551.76 174.00 818L 110.13
Aug 2012 2175.86 435.00 BRM1 185.02
Aug 2012 121.58 24.20 0TM1
Sep 2012 112.50 22.40 0TM1
Sep 2012 1042.68 208.40 BRM1 49.04
Nov 2012 431.77 86.20 0TM1

Job 3

Oct 2012 261.95 - 810LM
Nov 2012 1068.47 213.60 BRM1 52.32
Dec 2012 732.12 146.40 BRM1 12.00
Jan 2013 732.12 146.40 BRM1 12.00
Feb 2013 732.12 (received 1226.52 12.00
wages and tax refund)
Mar 2013 732.12 - 818L 12.00

Forces pension:
He receives £459.28 monthly

The P 45 he has from employer 1 / 2 shows total pay £4770.30 tax £817.40(dated 29.9.2012)

P60 from employer 3: In this employment pay £4258.90
tax 0 Nat Ins £100.32 final code 818L

P 60 from Armed forcesPension
£6864.83 tax deducted £1372.80 tax code BR

Hope I havn`t missed anything, and I hope you can understand it.

Thank you so much, I really appreciate the help you are giving me in trying to sort this out.

katies_mum

I did type this with big spaces in between all the figures, not sure wht has happend will try and do it again.

pay tax NI
Job 1
April 2012 1682.09 199.80 818L 125.77
May 2012 1563.17 176.20 818L 111.50
June 2012 1726.82 208.80 818L 131.14

Job 2
July 2012 1551.76 174.00 818L 110.13
Aug 2012 2175.86 435.00 BRM1 185.02
Aug 2012 121.58 24.20 0TM1
Sep 2012 112.50 22.40 0TM1
Sep 2012 1042.68 208.40 BRM1 49.04
Nov 2012 431.77 86.20 0TM1

Job 3
Oct 2012 261.95 - 810LM
Nov 2012 1068.47 213.60 BRM1 52.32
Dec 2012 732.12 146.40 BRM1 12.00
Jan 2013 732.12 146.40 BRM1 12.00
Feb 2013 732.12 (received 1226.52 12.00
wages and tax refund)
Mar 2013 732.12 - 818L 12.00

Forces pension:
He receives £459.28 monthly

The P 45 he has from employer 1 / 2 shows total pay £4770.30 tax £817.40 (dated 29.9.2012)

P60 from employer 3: In this employment pay £4258.90
tax 0 Nat Ins £100.32 final code 818L

P 60 from Armed forcesPension
£6864.83 tax deducted £1372.80 tax code BR

Hope I havn`t missed anything, and I hope you can understand it.

Thank you so much, I really appreciate the help you are giving me in trying to sort this out.

katies_mum

I`m sorry don`t know why the spaces have disappeared between the figures, any ideas how to post this so you can understand it?

jem16

katies_mum wrote: »

I`m sorry don`t know why the spaces have disappeared between the figures, any ideas how to post this so you can understand it?

The figures are legible as they are but it's difficult to make sense of them, especially the P45 figures as they don't seem to match what has been paid in J!!!/2.

That P45 obvioulsy doesn't include some of what was paid from J!!!/2 but i can't figure out what to be honest.

katies_mum

Hi jem16, the P45 was issued before some of the outstanding money was paid to him from 1st employer (they lost paperwork in respect of overtime worked etc) Its never agreed!

Shall I just send everything off and see what happens? (HMRC want P60`s, P45 and payslips with odd tax codes) this company have caused no end of problems every penny had to be chased. Will HMRC have details on their records of whats been paid?

Due to his current situation we think he might be best asking for tax code to be applied to all of the pension (at least we know that is guaranteed and will come in every month and apart from a slight yearly increase doesn`t change) then whats left can go against a wage if he is lucky enough to get another job.

Now for another daft question: When he gets another job how will they know what tax code to use, will HMRC sort this, will they send a letter or will he have have strange codings again? as you can see am getting so confused with all of this.

I really am grateful for your help and advice, thank you so much.

jem16

katies_mum wrote: »

Hi jem16, the P45 was issued before some of the outstanding money was paid to him from 1st employer (they lost paperwork in respect of overtime worked etc) Its never agreed!

I couldn't get it to agree with any of the payments so wasn't sure what to include or not include.

Did he get payslips for every payment made or did some of it only ever appear on the P45?

Shall I just send everything off and see what happens? (HMRC want P60`s, P45 and payslips with odd tax codes) this company have caused no end of problems every penny had to be chased. Will HMRC have details on their records of whats been paid?

Probably best to do just that. The only problem with that is knowing if it's correct or not.

Due to his current situation we think he might be best asking for tax code to be applied to all of the pension (at least we know that is guaranteed and will come in every month and apart from a slight yearly increase doesn`t change) then whats left can go against a wage if he is lucky enough to get another job.

Seems sensible at the moment.

Now for another daft question: When he gets another job how will they know what tax code to use, will HMRC sort this, will they send a letter or will he have have strange codings again? as you can see am getting so confused with all of this.

I really am grateful for your help and advice, thank you so much.

If you had not intended unsplitting the allowance, i would have said to simply hand in the P45 when he gets a new job.

However if you do ask HMRC to no allocate his total allowance to his pension, then it would probably be best to complete a P46 on joining the new company and ticking the box to say he is in receipt of a pension. That should see code BR being used. After that you can see whether or not it's worth splitting the code again.

hoppingmad

So my tax code has gone up from 810L to 944L so i can earn an extra £1335 a year.

Tax rates haven't changed, and my monthly wage hasn't changed. I'm on £25000 per year. So WHY do i only take home an extra £27 a month?! Surely it should be £111?

nomunnofun

You can earn an extra £1335 a year BEFORE YOU PAY TAX. You will therefore save tax of 20% of £1335 or £267 per year. There would be small changes to NIC contributions also.

molerat

You will not pay tax on another £1335 a year so £267 (1335x20%) in your pocket = £22.25 per month plus about £1.50 less NI.

katies_mum

Thank you jem16 for taking the time to reply.

Like you we are baffled with the P60 but that company have really messed everything up. I`m going to send off the stuff with a letter asking for refund, and also breakdown of how this is calculated.

I`ll let you know.