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Pilon
kippo1
Posts: 548 Forumite
Hi
i don't know if anyone can help me,but i just received my pilon for 11 weeks pay.
the pay slip is as follows,
Earnings £4122.88
tax code 0tm1 £1020.46
ni £399.10
pay £2703.32
As his PILON will be processed through payroll in Jan 2022 emergency tax code has applied.
Does anyone know what happens next?do i get my tax back in jan?
Thanks for any help
i don't know if anyone can help me,but i just received my pilon for 11 weeks pay.
the pay slip is as follows,
Earnings £4122.88
tax code 0tm1 £1020.46
ni £399.10
pay £2703.32
As his PILON will be processed through payroll in Jan 2022 emergency tax code has applied.
Does anyone know what happens next?do i get my tax back in jan?
Thanks for any help
0
Comments
-
Has this been paid after a P45 has been issued.
The exact tax position will depend on earnings in total in the old job and earnings in new job if applicable.
In many but not all cases use of this 0T code ( which is not the emergency code that is very different) results in the correct deduction of tax.0 -
No i haven't received a p45 yet and i won,t be working for the foreseeable future as i have long covid.
what happened was the company paid me all my holiday which was due on my payslip and forgot to pay me the 11 weeks notice,when i asked where my notice was they put the £2703 in my bank account and emailed me this payslip
0 -
In these circumstances you would be best to do a P50
The details are here
https://www.gov.uk/government/publications/income-tax-claiming-tax-back-when-you-have-stopped-working-p50
May not be possible if getting some sort of taxable benefit. Same link for details.0 -
Thanks for your help chris appreciate it
0
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