So confused about benefits/tax

Bugaboo1
Bugaboo1 Posts: 17 Forumite
10 Posts Name Dropper
I started a new job in October last year and with it came various benefits including some I added on such as private healthcare, critical illness cover, etc. I've never contacted HMRC myself previously to tell them of any new benefits but as I've also had quite a jump in salary this time, I'm wondering if I need to. I tried searching online but got thoroughly confused. 

Am I right in thinking that if my benefits are payrolled it's all taken care of but if not, I should tell HMRC what I get now to avoid a nasty shock after my P11D is issued? I'm not sure which my company does, I've emailed to ask, but I want to be prepared!

Comments

  • Penguin_
    Penguin_ Posts: 1,535 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    The chances are your company won't know the cost until after the end of the financial year. My employer gets their P11d reports from our healthcare providers in April/May & reports to HMRC in June & then we get our tax code adjusted in July/August.
  • Bugaboo1
    Bugaboo1 Posts: 17 Forumite
    10 Posts Name Dropper
    We have a benefits portal and I can see the annual employer contribution for each of my benefits and when I changed my pension contribution I had an email which also details annual employer contribution and annual salary adjustment... I'm not sure how this helps though?!
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