Redundancy affecting tax code

Matt_sharp

Hi, my wife was made redundant in April. The money she recieved(some of which was taxed) has now affected her tax code for the remaining financial year. I.e we have lost an extra £1500 in tax this month. Is this right?

maninthestreet

What did the notice of coding from the HMRC state? When in April was your wife paid this redundancy money?

Matt_sharp

New code is K670 got paid on the 27th.dont really understand it all...
I think the redundancy has taken her over projected earnings of 100k ,so paying highest rate of tax until next April?

getmore4less

Need the numbers for redundancy(PAYE or outside PAYE) payments tax etc.

what was on the P45/P46 given to employer

new job salary&start date or projected earnings.

Matt_sharp

Redundancy was paye about 50k
New job start was 12 May 80k

zygurat789

Matt_sharp wrote: »

Redundancy was paye about 50k
New job start was 12 May 80k

Are there any BiK with either job?

chrisbur

Matt_sharp wrote: »

Redundancy was paye about 50k
New job start was 12 May 80k

P45 figures? Boxes 6 and 7
New job salaries so far? Taxable gross, tax paid, tax code, tax basis, month number, taxable gross to date and tax paid to date.

Matt_sharp

Shares schem with last job
Company car with both

zygurat789

Matt_sharp wrote: »

Shares schem with last job
Company car with both

Details of car for Bik

bigfreddiel

We'll your wife is a higher rate tax payer so it will all come out in the wash when she does her tax return! If you can't wait that long give your Tax Office a call and they will sort I your now!

Cheers fj