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Confused by tax code

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Comments

  • molerat
    molerat Posts: 36,533
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    edited 12 February at 6:54PM

    "Check payments received ………." will show each payment and the amount of tax deducted, that will give a definitive answer to the code Paymaster are using. A new payslip should be issued if the code is changed, no new payslip received points to them not having a new code in use - I am on my 4th from them this year.

    Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.

    Being hated by idiots is the price you pay for not being one of them.

    Jean Cocteau 1889-1963

  • molerat
    molerat Posts: 36,533
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite

    That shows that Paymaster changed the code in use from SD0 to SBR with effect from the July payment and refunded all the 21% tax paid previously. So everything is in order apart from your estimated income from employment which is resulting in a tax underpayment. You can either leave things as they are as it is likely the £10 ish underpayment will be ignored in the annual reconciliation process or you can change the employment annual income estimate.

    Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.

    Being hated by idiots is the price you pay for not being one of them.

    Jean Cocteau 1889-1963

  • 6ft2oflovely
    6ft2oflovely Posts: 33
    10 Posts Name Dropper
    Forumite

    thank you so much for taking the time and patience to reply…

    I think I will leave things as they are for now, thanks again

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