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Last paycheck tax question
tom741
Posts: 40 Forumite
in Cutting tax
Hey
i will be leaving my job on the last day of October so I will get full pay for October (around 7000£ before tax) and also payment for around 20 day off that I didn’t use.
i will be leaving my job on the last day of October so I will get full pay for October (around 7000£ before tax) and also payment for around 20 day off that I didn’t use.
My question is does it make more sense that my last day will be let’s say November 4th, and that way instead of getting massive pay in October I will get normal pay and than another paycheck for November with 3-4 working days and the payment for the days off.
I prefer to pay less tax now than paying more and than claiming back..
hope it’s clear
thanks!
I prefer to pay less tax now than paying more and than claiming back..
hope it’s clear
thanks!
0
Comments
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Tax months go from the 6th to the 5th of the following month.
Would you employer change their process to make an additional payment.0 -
Assuming they will let me have the last day on the 7th, what do u think?
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Without exact figures it is impossible to be precise but having the payment spread over two pay periods might increase the national insurance paid.0
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Good point and NI is not reclaimable, whilst excess tax paid is .chrisbur said:Without exact figures it is impossible to be precise but having the payment spread over two pay periods might increase the national insurance paid.0
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