Due a tax rebate?

SerNZ

My partner leaves her current job at the end of July to become a full time student. She will not be in employment for the rest of the tax year.

Is she due a tax rebate in April? Can she calculate how much this will be?

Cheers

BrookesAndrew

It will depend on how much she has earn't from the new tax year (6th April 2013) up until the end of this tax year (5th April 2014). If she has earned under 9440 then she will be able to claim back the tax she has paid.

The way to calculate this is to look at all her payslips and look at the amount of tax she has earned and then will give you a figure to go by.

I think this is how it works but if it isn't then by all means someone correct me.

This is what I was going on when I was about to get my tax rebate. I earned 7,000 last year and got 470 back. Hope this helps.

jem16

SerNZ wrote: »

Is she due a tax rebate in April? Can she calculate how much this will be?

You can work it out from the totals on her last payslip or P45 when she gets it. If you use the payslip look for the gross taxable pay to date and the tax paid to date.

If her tax code is 944L that means she has the full personal allowance. If her gross taxable pay to date is more than this, then subtract £9440 from that and what is left would then be taxed at 20%. Compare that with the tax paid and she should be able to see if she is due a rebate.

If her tax code is anything other than 944L then use that tax code figure instead - ie if it was 752L then use £7520.

If she is going to become a full time student and will definitely not work again or claim JSA, then she can complete form P50 and claim her rebate as soon as she gets her P45.

http://www.hmrc.gov.uk/pdfs/p50.pdf