HMRC ESTIMATED INCOME

Jockey2303

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 ?

eskbanker

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?

molerat

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.