Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Is Tax Code 619T correct?
Sinbad
Posts: 114
Forumite
in Cutting tax
My father has recently gone into hospital and I am trying to keep an eye on his finances in the meantime.
He has been sent his pension scheme payslip and which has the tax code 619T which to me doesn't look quite right.
He is 82 and the gross amount for the month is 975.00.
Looking up the significance of a code ending in "T" suggests the following:
"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)'
Apart from his State pension, he has no other income.
Any thoughts /suggestions?
He has been sent his pension scheme payslip and which has the tax code 619T which to me doesn't look quite right.
He is 82 and the gross amount for the month is 975.00.
Looking up the significance of a code ending in "T" suggests the following:
"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)'
Apart from his State pension, he has no other income.
Any thoughts /suggestions?
0
Comments
-
How much is his state pension? Would it be £85.80 per week per chance?0
-
-
nomunnofun wrote: »How much is his state pension? Would it be £85.80 per week per chance?
State Pension appears to be 110.150 -
State Pension appears to be 110.15
That's 5727 a year. His personal allowance should be 10660 and, when reduced by his stae pension, leaves 4933 to set against his occupational pension i.e. a code of 493L.
I would query this - it coud be that all of his state pension is not taxable. There should be a breakdown of his code on a form P2 which would have been sent to him.0 -
nomunnofun wrote: »There should be a breakdown of his code on a form P2 which would have been sent to him.
I'll see if I can find this form and see what's on there.
Thanks for the pointers0 -
nomunnofun wrote: »That's 5727 a year. His personal allowance should be 10660 and, when reduced by his stae pension, leaves 4933 to set against his occupational pension i.e. a code of 493L.
I would query this - it coud be that all of his state pension is not taxable. There should be a breakdown of his code on a form P2 which would have been sent to him.
It may be that the OP's Dad has an allowance for Married Couples. This would increase his tax code.
OP - is your Mum still alive?0 -
T =temporary, call them up and say you think it's wrong, they will go through and get it amended.0
-
T =temporary, call them up and say you think it's wrong, they will go through and get it amended.
T is not a temporary code, it is used for codes where HMRC have to check them for any increase, and issue the new code if required to the employer, they cannot be automatily increased by the employer, exactly as appears to be the case here.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards

