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Changed jobs, tax problem
Comments
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It will 99.9999% have been included in the payroll calculation done for your February pay.Confusednewbie72 said:So what has happened then to the non cumulative tax that was deducted by my new employer in January?
Basically February was playing catch up for what happened in January (two jobs for tax purposes).
You really should post your January payslip details and also check your expected tax for March and then I suspect you will be able to understand this better.1 -
As my username suggests I don’t understand this at all. I get what you say but my January wage slip showed normal expected tax deductions. February states over twice as much. I will await March’s payslip and see what happens.
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There are twelve months in the tax year. You receive one twelfth of your personal allowance in each month.Confusednewbie72 said:As my username suggests I don’t understand this at all. I get what you say but my January wage slip showed normal expected tax deductions. February states over twice as much. I will await March’s payslip and see what happens.In January, which is month 10, you had ‘normal deductions’ in your old job and ‘normal deductions’ in your new job.You received one twelfth of your personal allowance in January on your old job AND you received one twelfth of your personal allowance in your new job - meaning that your received two twelfths of your personal allowance in one month making eleven twelfths received to date. We are only at month 10.February is month 11 and you have already had eleven twelfths of your personal allowance- it’s catch up time.It should all revert to normal in this months pay.1 -
You receive 1/12 of your personal allowance and 1/12 of the basic rate band each month.
From April ( the start of the tax year) until December you received10 months' worth of your allowances.
In January, your old employer gave you 1/12 of your allowances as usual.
BUT your new employer also gave you 1/12 of your allowances in January, meaning you got 2/12 of your allowances in January , instead of 1/12.
For April to January you have had 11/12 of your allowances ,
As a result in February, you do not have the 1/12 allowance for February as it has already been given in January..You will have 1/12 available in March again which gives you 12/12 of your allowances for the year.
If you were given 1/12 in February and 1/12 in March you would have had 13/12 of your allowances.
10/12 April to Decmber + 2/12 in January + 1/12 in February and 1/12 in March = 13/12
To correct this you are not given any allowances if February so that you only get 12/120
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