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taxed on 20 hrs.

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Comments

  • Dandytf
    Dandytf Posts: 5,073 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Dandytf said:
    thanks mser's

    official response is Final Wage is paid 29/10

    P45 to follow in a few days.

    thanks!
    That is likely to mean the tax you paid on the 20hr job is correct for October.
    is it though to be taxed across EX Employers F.T. job + New Employers P.T. job.

    thanks
    Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb
  • If your tax code allowances for October have been used by the final pay from the job you have left then anything from the new job would be taxable at 20%.

    From November onwards it's possible no tax will be payable on the new job and you may even get a refund of some of the tax paid earlier in the year.  Assuming you pass on the P45 to your new employer.
  • Dandytf
    Dandytf Posts: 5,073 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If your tax code allowances for October have been used by the final pay from the job you have left then anything from the new job would be taxable at 20%.

    From November onwards it's possible no tax will be payable on the new job and you may even get a refund of some of the tax paid earlier in the year.  Assuming you pass on the P45 to your new employer.
    that's excellent as I thought I could be facing upto April 22 before returning to Zero Tax.

    How important is it for me to pass P45 on receipt to latest Employers.

    Thanks appreciated.
    Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb
  • Dandytf said:
    If your tax code allowances for October have been used by the final pay from the job you have left then anything from the new job would be taxable at 20%.

    From November onwards it's possible no tax will be payable on the new job and you may even get a refund of some of the tax paid earlier in the year.  Assuming you pass on the P45 to your new employer.
    that's excellent as I thought I could be facing upto April 22 before returning to Zero Tax.

    How important is it for me to pass P45 on receipt to latest Employers.

    Thanks appreciated.
    Hand it over as soon as you can - so that the Payroll people can act on it and apply the correct code when you are paid.   Otherwise you have to wait for HMRC to advise them and that can take much longer.
  • Dandytf
    Dandytf Posts: 5,073 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I have p45 today, I've pdf copy to current employers, hopefully this is acceptable, and it has correct tax code S1257L.

    thanks  
    Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb
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