Annual tax summary query

Joecreed1

Hi everyone,
Not sure if this is in the right forum, so sorry if it's not!
After a bit of advice....
Iv recieved my annual tax summary in the last couple of weeks, obviously it gives various details about how much tax I pay and where it's spent etc.
After going through it all, on the right hand side, it tells me the total tax I paid over the year. Underneath this it says 'this is equivalent to 21% of your annual income'. I am only in the 20% tax bracket, so to me this means I am due a rebate?! So I emailed HMRC to query this, my reply basically said, as it's only 1% difference it's too small an amount for them to take action on. Well 1% of my annual income is around £280. I remember last years summary saying the same thing but I just thought, oh they will send me a cheque later on, then I forgot about it and no cheque arrived.
So what do I do? Am I being thick or petty and have not worked it out correctly and should I just leave it? Or am I right and should I keep arguing with them to get my money back, because the way I look at it, I pay 20% tax, not 21%, so that's somewhere near £500 I'm owed all together (I earnt a bit less last year). If I'm honest I don't know a huge amount about the tax world, so any advice or if someone could explain it properly that would be great!
Thanks in advance!

TheCyclingProgrammer

Don't forget national insurance.

Keep_pedalling

You are not owed a rebate, apart from 20% IT on £17k there is 12% NI on £20k, which adds up to around 21% on a salary of £28k.

Manxman_in_exile

So, does it say it includes NI? I'm retired so my summary just includes my pension income and tax paid so is easy to reconcile.


If it includes NI shouldn't that be clear?


Apologies for those currently in employment if the summary clearly states the NI contribution,

Joecreed1

Thanks everyone for clearing that up for me, very much appreciated!
As I said, I don't know a huge amount about tax etc. This probably makes me sound rather stupid but I assumed when the tax you pay and the NI were added together it came to 20%.
Apologies and thanks again for your help!

gt94sss2

Manxman_in_exile wrote: »

So, does it say it includes NI?

It does.

If it includes NI shouldn't that be clear?

It is.

Apodemus

Manxman_in_exile wrote: »

So, does it say it includes NI? I'm retired so my summary just includes my pension income and tax paid so is easy to reconcile.

Are you paying voluntary NI contributions? I thought there was no NI deduction from pensions?

Manxman_in_exile

Apodemus wrote: »

Are you paying voluntary NI contributions? I thought there was no NI deduction from pensions?

Of course! I think I must have had one of my first senior moments.


I think what I meant to ask was whether it included tax deducted from savings income.

Apodemus

Actually, I think it was my senior moment, confusing you with the OP!