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HMRC ESTIMATED INCOME
Jockey2303
Posts: 1 Newbie
in Cutting tax
I have just been on the HMRC app looking at something else and noticed that my estimated income was at £15000 for this financial year, which is a lot lower than I would expect to see, so I adjusted it to what it should be taking off pension etc... have I done the right thing ?
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Comments
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There's unlikely to be much downside to correcting inaccurate figures, but does it make any difference to your projected banding (e.g. taking you into higher rate) or your tax coding?0
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If you only have one income stream above the personal allowance and below around £100K then it is not really important to have it correct but won't do any harm correcting it. If multiple income streams or a high salary then it is usually important to get it correct.
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