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Week1/Month1 Tax & Bonus

M3Cobb
Posts: 3 Newbie


in Cutting tax
In August I was popped onto a week1/month1 tax code and been paying a little more tax as a result. I get that it runs for the rest of the tax year.
However I'm due to receive an annual bonus in what would be the 1st April pay day. Am I about to get spanked for a load more income tax than I would be if I was on a normal tax code?
However I'm due to receive an annual bonus in what would be the 1st April pay day. Am I about to get spanked for a load more income tax than I would be if I was on a normal tax code?
0
Comments
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M3Cobb said:In August I was popped onto a week1/month1 tax code and been paying a little more tax as a result. I get that it runs for the rest of the tax year.
However I'm due to receive an annual bonus in what would be the 1st April pay day. Am I about to get spanked for a load more income tax than I would be if I was on a normal tax code?
Your old tax code
your new tax code
the reason for the change
your taxable earnings
your bonus
0 -
M3Cobb said:In August I was popped onto a week1/month1 tax code and been paying a little more tax as a result. I get that it runs for the rest of the tax year.
However I'm due to receive an annual bonus in what would be the 1st April pay day. Am I about to get spanked for a load more income tax than I would be if I was on a normal tax code?0
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