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Signed IPA

tjw1977
Posts: 1 Newbie
Hi all,
it’s actually my discharge date today, but looking for a bit of advice.. I signed a ipa in August last year, obviously went on N/T tax code for a few months, worked extra and paid N/T amounts to Willmott! But I’ve paid nothing since April, is the Ipa in place still? Also I read there is a fee of £150 which I don’t remember seeing on any paper work!!
it’s actually my discharge date today, but looking for a bit of advice.. I signed a ipa in August last year, obviously went on N/T tax code for a few months, worked extra and paid N/T amounts to Willmott! But I’ve paid nothing since April, is the Ipa in place still? Also I read there is a fee of £150 which I don’t remember seeing on any paper work!!
I’m due to move house and asked the question about new expenditure and income and was told I wouldn’t need to tell them?!
Can someone please help?
many thanks
many thanks
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Comments
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Hi just checking if your nil tax code was the only IPA.
A nil tax code means the tax usually deducted from your salary is paid to the OR for the current tax year..so come April it ends and you go back to normal.
A surplus IPA is when you have a surplus of £20 or more from you SOA this runs for 3 years and can be higher or lower if your circumstances change within the 3 year.
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