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Not paying enough tax in new job - messy issue
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Da_Crojanz
Posts: 103 Forumite

in Cutting tax
I started a new job on the 15th April, leaving my previous one on the 12th. I handed in a New Starter checklist to my new role when I arrived.
I got both salaries in today alongside both payslips, where I've been paid for 2 weeks by each job. I've barely paid any tax on either. Both salaries are above the 40-ish% thresholds (in Scotland so it doesn't work entirely the same) but I've only been taxed £368 from 3k in one job and £257 from 1.7k in the other. Student loan payments, which are usually about £200 a month, have not been taken at all. I have an M1 tax code in new job but standard code in old job.
I can gather this is a messy situation that came about due to the M1 code, it being the first month of the year and 2 salaries at 2 weeks each. I know I'll have to pay it back but what is the best process from my end and how can I resolve this? Assuming they recalculate next month I expect I'll get £100 or so docked form every payslip until it is paid back, but I'd rather just pay a lump sum back to them (and even that feels risky as i don't trust them to properly recalculate after I pay it back).
I got both salaries in today alongside both payslips, where I've been paid for 2 weeks by each job. I've barely paid any tax on either. Both salaries are above the 40-ish% thresholds (in Scotland so it doesn't work entirely the same) but I've only been taxed £368 from 3k in one job and £257 from 1.7k in the other. Student loan payments, which are usually about £200 a month, have not been taken at all. I have an M1 tax code in new job but standard code in old job.
I can gather this is a messy situation that came about due to the M1 code, it being the first month of the year and 2 salaries at 2 weeks each. I know I'll have to pay it back but what is the best process from my end and how can I resolve this? Assuming they recalculate next month I expect I'll get £100 or so docked form every payslip until it is paid back, but I'd rather just pay a lump sum back to them (and even that feels risky as i don't trust them to properly recalculate after I pay it back).
0
Comments
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If your original job has a cumulative code then simply hand your P45 to your new employer.
The correct tax will be calculated the first time they use this information.0
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