2021-22 tax estimate following redundancy in August 2021

Cell

molerat said:

Employments that have ended since 5 April 2021

Payroll number: xxxxxxxxxxxx   End date: 14 August 2020

I think you may need to speak to someone !  You can't tell them the employment has ended because it has already ended but ......

and your name is in that quoted page:)

The link goes to GG for me but as you can get into GG there is no problem.

[Deleted User] said:

Also works for me - and please remove some of the details, including your name!

Thank you both. I thought I'd edited everything identifiable but sometimes you can't see for looking!
I'll just have to wait I guess, or call them (which I would imagine is a long business these days). They will also need to change their assumptions on benefits in kind as well as they also ended five months in to the tax year. Presumably that will be covered by the P11D which my former employer will issue?
I thought that I would be able to change things on line but there's no facility to.
Thanks once again.

Cell

jimmo said:

You're still getting the year wrong. In your Personal Ta Account you need to go to earlier years, not the current year. Then look at 20/21.

This is what it says for 2020-2021. It is correct so far as it goes.

Previous tax years

Your taxable income for 6 April 2020 to 5 April 2021

Your income from employment

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

£21,306.82

Tax code at end of year

Check the income details sent to us Check the pay details sent to us from

 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxPayroll number:  Your payroll number is  

If you think this information is wrong

If the income details for the year are wrong, you can send us an update

You can also check how much Income Tax you paid for 6 April 2020 to 5 April 2021.

Dazed_and_C0nfused

I'm a bit confused.

HMRC will automatically review the 2020:21 tax year after they receive your P11D and details of any interest received from banks and other financial institutions.  They will notify you of any tax overpaid by sending you a P800 calculation and you can go online and transfer the overpaid tax to your bank account.

https://www.gov.uk/tax-overpayments-and-underpayments

What do you actually want to change and why?

Cell

Hi!

I think you've answered my question. I will have to wait for my former employer to send the documentation before thing settle down.

As written now they have scaled up my earnings for five months in 2020-21 (actually nearly eight given payment in lieu) and estimated my income for 2021-22 at over £50,000 when I haven't actually earned anything since August and probably won't exceed my personal allowance in 2021-2.

From what I've gleaned I need to wait for documentation to be sent by my ex employer and that should cause all the figures to re-set and a tax refund triggered.

Dazed_and_C0nfused

I don't think you need to be overly concerned about the 2021:22 tax year.

It will just be an estimate based on what happened in 2020:21 and HMRC will have no need to change that until you get a new job or start taking pension income.

The much more important thing is 2020:21 and that will resolve itself in due course.  If you are keen to get the refund you could always send HMRC a copy of your P11D once you receive it.

Cell

Well I won't be taking any pension income or other earnings from what I can see - living off capital.

I always thought that HMRC got a copy of P60s and P11d.

I will be attempting to transfer 10% of my personal allowance to my wife shortly, as a non tax payer. That may shake things up a bit!

Thank you all for your help.