We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Taxable bonus - rebate?
Options
Ianwacairns
Posts: 2 Newbie
in Cutting tax
Hi MSE followers, just a wee question which I hope someone will be able to help with.
I am one of the fortunate ones who will receive bonus this year within my company. This bonus will be taxed as it is paid along with monthly salary. This will mean that I will pay more NI and PAYE for this pay only. Will I be able to claim for a rebate?
Many thanks in advance
Ian
I am one of the fortunate ones who will receive bonus this year within my company. This bonus will be taxed as it is paid along with monthly salary. This will mean that I will pay more NI and PAYE for this pay only. Will I be able to claim for a rebate?
Many thanks in advance
Ian
0
Comments
-
Assuming nothing unusual about your circumstances then no.
If any excess tax has been paid it will be returned to you via PAYE during the remainder of the tax year. NI is not refundable0 -
Thank you for clarifying dzug1.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards