We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
universal credit and over paid tax
Comments
-
In that case private pension contributions wont make any difference as you weren't liable at higher rates.majeedk said:Dazed_and_C0nfused said:Not clear if we are saying the same thing.
What happened during the year is irrelevant now, does the tax calculation (P800?) you have received show that you were in fact liable to tax at 40% when calculating the refund?I was only liable to pay basic rate tax at 20%. Below are the numbers from the letterTotal Income : £34,755.92Total taxable income : £22,255.92
Income Tax Paid : £12,008.94
Income Tax payable £4,451HMRC owes me: £7,557.94I hope this helps0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards