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PAYE increased about £30 from last month
Comments
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I am assuming that the code of 1160L was being used at least from month 7
If month 7 code was different this could be the explanation depending on the code.
For month 8 take the taxable pay to date figure from your payslip and deduct 32872
For month 9 take the taxable pay to date figure from your payslip and deduct 36981
The figure that you are deducting is the point for that month ( give or take ) when 40% tax would be due.
Either or both answers might be negative.
If both answers are the same or close then this check is not going to give the answer.
If the figure for 9 is higher than the figure for 8 then you are crossing into the 40% tax band and more of your earnings are having 40% tax deducted.
If the figure for 8 is higher than the figure for 9 then you are crossing out of the 40% tax band or at least getting close to crossing out of it. What happens when you have been paying 40% tax and your earnings result in you moving towards the point where 40% tax is not due is that gradually some 40% tax is converted to 20% tax so lowering the tax due figure. When there is no more 40% tax to convert to 20% tax this reduction stops and tax appears to go up, sometimes it takes a couple of paydays to adjust fully.
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Yes, 1160L on bothpurdyoaten2 said:1160L on both?
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This is now page 3 of this thread and it has already been explained why this has happened.
Unless you are prepared to provide the information @chrisbur requested in one of the first replies you will never get the specifics you want.0 -
Was it also 1160L for month 7collinsca said:
Yes, 1160L on bothpurdyoaten2 said:1160L on both?
If not what was the code for month 7
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Yes it is same for month 7chrisbur said:
Was it also 1160L for month 7collinsca said:
Yes, 1160L on bothpurdyoaten2 said:1160L on both?
If not what was the code for month 7
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From the very first post - ‘about £49k’. The tax code is 1160L, not 1257L.This would mean that any taxable earnings above 49309 would be taxable at 40% - not the normal 50270. The probability is that the op is a higher rate taxpayerI suspect that there has been a salary increase since April.At month 9 the projected salary for the tax year has exceeded 49309 for the first time meaning that £150 is liable at 40% and not 20% - a difference of £30.Can the op confirm that his annual salary exceeds £49309 per annum. (My calculations make the ‘taxable salary to date’ figure £37131 at Month 9)?
Any thoughts chrisbur?1 -
Yes my feeling is that the OP is almost certainly close to the point of the change over from 20% to 40% though unsure if they are crossing over ( month 9 has higher tax ) or coming back (month 8 has lower tax as some 40% tax converted to 20% but less or none left to affect month 9 ). Hence my post which hopefully should allow them to check for this themselves.[Deleted User] said:From the very first post - ‘about £49k’. The tax code is 1160L, not 1257L.This would mean that any taxable earnings above 49309 would be taxable at 40% - not the normal 50270. The probability is that the op is a higher rate taxpayerI suspect that there has been a salary increase since April.At month 9 the projected salary for the tax year has exceeded 49309 for the first time meaning that £150 is liable at 40% and not 20% - a difference of £30.Can the op confirm that his annual salary exceeds £49309 per annum. (My calculations make the ‘taxable salary to date’ figure £37131 at Month 9)?
Any thoughts chrisbur?
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earlier in the year i was on 46,126.00
then got a payrise of 2998.00 around July
to take it to 49,124.00
thank you
i will do the calculation posted by chrisbur over the next few days0 -
There would have have been additional payments - perhaps a bonus since April?collinsca said:earlier in the year i was on 46,126.00
then got a payrise of 2998.00 around July
to take it to 49,124.00
thank you
i will do the calculation posted by chrisbur over the next few days0
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