Am I on the right tax code? 543L

syan

Dear Experts,

This thread is really informative.
My Annual pay is £44k. I was on 522L last year and on 543L this year, Class: A. the net pay reduced £54 for this month(For the month April £2578 and for the month feb/march £ 2633.36 ).

After Googling , i found that net pay will raise 0.90% for that salary range.


http://www.paypershop.com/news-cat/budget-2008-274.html.

Please let me know, if i am mssing something.


Thanks in advance

Queeny52

Hi ive also been put on this tax code 543L which i understand.
But i paid another 125.00 tax month ? 2500 per month i thought i wouldn't be targetted by the gov? everyone i speak to on a equal wage is paying less! and i'm paying more! can anyone clear this up plz!

dmg24

Did you pay £125 in total?

If not, maybe you could give more specific figures.

Queeny52

on top of what i normally pay?

dmg24

Can you provide us with a breakdown of your pay?

Queeny52

went from net 1988.00 to 1865.00

dmg24

Queeny52 wrote: »

went from net 1988.00 to 1865.00

A FULL breakdown ...

Queeny52

30k === 2500 per month
went from net 1988.00 to 1865.00
sorry i dont have the pay slip with me at the moment

409 tax
105 ni
round about that if remember right

dmg24

Queeny52 wrote: »

30k === 2500 per month
went from net 1988.00 to 1865.00

This is like getting blood out of a stone ... :rolleyes:

The amount looks fine to me:

Gross Pay £2500
Allowance £452.20
Taxable Amount £2047.50
Tax Payable £409.50
National Insurance £224.95
Total Deductions £634.45
Net Wage £1865.55

Queeny52

newbie! tyvm