Tax code wrong

[Deleted User]

etienneg said:

In your first post you said: "In this tax year i withdrew a sum from my private pension paid emergency tax on it and have been reimbursed by the hmrc ."
You don't give any figures for this. Was the reimbursement for the whole of the amount of emergency tax paid? Are you sure you were entitled to whatever was reimbursed? If you're not sure, for anyone on here to help, you would need to say how much was withdrawn, how much emergency tax was paid and how much was reimbursed. You would owe tax if too much was reimbursed.

A possibility! It could also be the case that HMRC regard the pension withdrawal as a continuing source. But …. We are guessing!

p00hsticks

Dazed_and_C0nfused said:

p00hsticks said:

doris540 said:

Nothing else has changed no state pension yet no company car no other income bar my wages

One possibility, as you mention you changed jobs, is that both jobs used the same months tax allowance, whcih would mean you inderpaid by getting two lots of tax allowance that month

But a) It's unlikely that  that would result in that sort of underpayment and b) assuming you are referring to the December just gone, I'm not sure HMRC would have already picked it up and adjusted your tax code as yet.  

Unless the op has misunderstood the tax code and it's tax code deduction of £700 rather than tax owed of £700?

No, the OPs initial post is a bit rambly, but they do say that the tax code has been reduced by 3500 in order to collect overpaid tax of £700 and the mechanics of how this is worked out has been explained to them by a subsequent poster.