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P60's for 2012/13 - when are they due out? (on JSA)
Comments
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Horseunderwater wrote: »Here's how it works re taxable income(normally that is).
Contributions based benefits like incapacity benefit,JSA & ESA are paid gross with no tax deducted as the DWP does not do that and tax only becomes due on these if you have another income source that is taxable that then takes you over and above the personal tax free allowance which for year just ended was £8105 for most people. This year just started it is £9440.
However, means tested benefits like Income Support, IR ESA (both sorts) and JSA are not classed as taxable income in the main although there are exceptions to this as one or 2 others have stated in the past. So normally you should only get either a P45U or a P60U for any contributions based benefit when claim stops or at tax years end normally due out by 31st May, but often gets received in June. Depends on how DWP batch the P60's up to post. Last year mine arrived in early May. This year is more complicated as I am on IR ESA but for 6 months was on contributions ESA in Support group, so not even sure I will get one, but since they did not send me a P45U out in Oct for that 6 months I am hoping that a P60U will follow for the contributions bit shortly. We shall see. If not I have my bank statements so can obtain what I need from that.
Yes you are right on all counts.
I would however throw a spanner in the works. If some one is claiming Cont ESA or JSA and is also claiming Pension Credit as a top up, they will be liable to tax on their ESA or JSA portion.
However if they close down their ESA or JSA and have the same level of money all paid as Pension Credit (for every £1 lost of ESA/JSA Pension Credit will increase by £1) there is no taxable income, despite receiving the same level of income.
As an example you could have someone on Cont ESA Support Group who received say £5200 this year and was liable to pay £500 of tax on it. If they swapped their benefits around they would save that £500!!!
It's a wierd world0 -
sammyjammy wrote: »If you handed in your P45 to DWP when you made your claim and you are still currently claiming then they should pay your tax rebate automatically.
hoping this is true - i paid £1500 on £7500 wages between sep and jan, so expecting a rebate, ans was told it was DWP that would work it out, as i am on JSA and gave my P45 inJanuary Wins - Gangster Squad Goodies, Sun Lotion
February Wins - Wombles Goody Bag, Ideal Home Show Tickets, Lunch on Cruise Ship
March Wins - 2night family break to legoland, outfit from Kaleidoscope, Iron Cleaning Stck.
2013 aims - Ipad, Iphone, Family Holiday.0 -
hoping this is true - i paid £1500 on £7500 wages between sep and jan, so expecting a rebate, ans was told it was DWP that would work it out, as i am on JSA and gave my P45 in
As soon as you get your P60 from DWP you will be able to see exactly how much taxable benefit you received in the year to 05:04:2013 along with the amount of any tax refund DWP make.
If for some reason DWP don't make a tax refund then you will need to sort this out with HMRC but whatever happens you cannot try to claim from HMRC until you have your P60 from DWP.
I would take some of the information in earlier posts with a pinch of salt, both contribution and income based jobseekers allowance is taxable - you may not have enough income to need to pay tax on it but it is taxable and is taken into account when working out your tax position, refunds etc0
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