Thread: Check Your Tax Code Now

It's always worth checking these. For example check that any Gift Aid payments - and that can include regimental charities, National Trust etc, have been taken into account. Also, interest on savings has tanked and the amount you pay on these should do the same.
In both cases, HMRC aren't clairvoyant - you have to tell them when the numbers change

Well today I received my New Tax Code for 2010 / 11 .
No detail just a letter saying my Code will be OT ..... gasp .
After my earlier documented experiences I was on the telephone straight away ... took 30 mins to get through to a human .... anyway it was wrong ... no surprise there .... I knew it was . Apparently I had been classed as under 65 even though I get a State Pension ... and this obviously affects the tax I pay on my other Pensions . To be fair the young lady I spoke to was very helpful and all sorted out ... hopefully .... tiime will tell .

Originally Posted by MadKev

UK Sterling comparison - as best I remember the figures:
I can't be arsed to look them up.
earn over £6750, pay 20% tax on any income above that figure. If you go over £36,400 pay 40% on anything above £36,400.

Nat Ins only has to be paid for 30 working years of your life to reach 'Full Contributions' (State pension, health, etc), but it's illegal to stop paying it even after the 30 years are up. NI is 11% of earnings.

With what's left, you get to pay 17.5% VAT on goods and services, virtually everything.

On a bad day, you'll get to spend 39p of every pound you've earned.

And then there's council tax, insurance tax, road fuel tax, vehicle road tax.....

Well thank you Mr Taxman
Today I received my MOD civil serpant pay statement and guess what I paid no tax
Phoned the pay help line and low and behold they said Mr LLTQ the tax man says you should not pay tax so you will not.
Phoned War pension just to check tick in box no tax for that chap.
Phone MOD pension just to check x in box no sir you do not pay tax on this tax man says so

So the question is do I phone tax man and say hello you have cocked up again and I should pay tax on wages and normal pension or stay mum and enjoy the over draft not growing?

I no the tax man can be like the SS when you tell them that they have cocked up?

This all started after I had the wrong code notice and phoned to tell them.



Advice would be nice.

Originally Posted by MadKev

UK Sterling comparison - as best I remember the figures:
I can't be arsed to look them up.
earn over £6750, pay 20% tax on any income above that figure. If you go over £36,400 pay 40% on anything above £36,400.

Nat Ins only has to be paid for 30 working years of your life to reach 'Full Contributions' (State pension, health, etc), but it's illegal to stop paying it even after the 30 years are up. NI is 11% of earnings.

With what's left, you get to pay 17.5% VAT on goods and services, virtually everything.

On a bad day, you'll get to spend 39p of every pound you've earned.

Sorry but thats only 30 years for the BASIC state pension. Try to find out what the other greater sum for the rest of the 20 years if you started paying at 15 like me and HMG will fukc you off with the normal crap excuses, Cant say on a particular case etc. Bunch of Cokcs.

The WWW site does mention that your NI helps with things like 53 inch LCD TVs for the chavs and million pound rented accom for the illigal and legal folk from Afgan or Pakistan so its all OK work since your 15 retire at 67 and die a pauper.

Originally Posted by longlivethequeen

Well thank you Mr Taxman
Today I received my MOD civil serpant pay statement and guess what I paid no tax
Phoned the pay help line and low and behold they said Mr LLTQ the tax man says you should not pay tax so you will not.
Phoned War pension just to check tick in box no tax for that chap.
Phone MOD pension just to check x in box no sir you do not pay tax on this tax man says so

So the question is do I phone tax man and say hello you have cocked up again and I should pay tax on wages and normal pension or stay mum and enjoy the over draft not growing?

I no the tax man can be like the SS when you tell them that they have cocked up?

This all started after I had the wrong code notice and phoned to tell them.



Advice would be nice.

As you can see from this thread I have had all sorts of problems recently with Tax Codes and HMRC .... well it now seems to be sorted out , at the moment , but I am now being hammered for underpayment of Tax in 2009/2010 . To be honest if you feel you have told them all they needed to know and they have messed up I would take the extra money until it is corrected .... but they will catch up with you eventually !

Just read this thread. My tax code on my pay is 647L and on my pension it is DO. What does all that mean? I know my pension is now taxed at 40% as my earnings from work take me into that tax bracket, but what decides my tax code number on pay?

EDIT TO ADD: Just checked on the tax site and my codes seem correct.

Originally Posted by StickyEnd

Just read this thread. My tax code on my pay is 647L and on my pension it is DO. What does all that mean? I know my pension is now taxed at 40% as my earnings from work take me into that tax bracket, but what decides my tax code number on pay?

647L: indicated that your personal allowance before tax is £6,475 per annum.

D0: your income from your pension is taxed at the higher rate of 40%

See here for a fuller explanation.

Today I received my Xafinity paymaster Advice of Payment for April for which the last 6 years I have been taxed at basic rate (tax code BR) but for year 2010/11 it seems they would like to tax me at 40% on the army pension . The advice note arrived with the P60 and Xafinity's annual newsletter.

I called the tax office number as recommended on the newsletter but the recorded message would cut me off as they were too busy then found a different number on that special website. Got straight to a very pleasant Welsh lady who has agreed to amend the code for my pension to BR and for my usual job to 318L. Fingers crossed that the new code is right for me. Further advice welcome.

Originally Posted by Humite_Yubee

Today I received my Xafinity paymaster Advice of Payment for April for which the last 6 years I have been taxed at basic rate (tax code BR) but for year 2010/11 it seems they would like to tax me at 40% on the army pension . The advice note arrived with the P60 and Xafinity's annual newsletter.

I called the tax office number as recommended on the newsletter but the recorded message would cut me off as they were too busy then found a different number on that special website. Got straight to a very pleasant Welsh lady who has agreed to amend the code for my pension to BR and for my usual job to 318L. Fingers crossed that the new code is right for me. Further advice welcome.

You may have to be patient in receiving written confirmation .... sometimes I have had to wait 2/3 weeks but I have never been let down following a Telecon with HMRC where they have said they would correct an error . Shame they could not get it right first time .... but that is the general theme of this thread .

Originally Posted by Humite_Yubee

... and for my usual job to 318L.

Wouldn't that imply you earn £106,580pa? Would have thought it should be 647L if you're on the 20p rate.

Thanks for the replies.
The Welsh tax lady said I would be on 40% for the day job and would earn 31800 before being taxed. Had chance to think about it and suppose that the first £6475 would be un taxed on the pension and the balance of pension at BR 20%. Then taxed at 20% on my job earnings to 31800 and 40% above that, at least until the new government settles in and removes my public sector employment. These might be the halcyon days!

Following a reduction of her RAF pension, Mrs Baldbof checked with the taxman and discovered that she had been given the wrong tax code on her pension. They had given her a tax code of 1T for some obscure and unexplained reason. They are changing it to what it should be. The message is clear folks, check your tax code and make sure it is correct. If in doubt, challenge it!!!!
__________________

I'm serving full time, my tax code is BR and has been for around a year and just as every other hard working UK citizen I get hammered by tax, I pay more tax each month than I do for anything else, but I've been told (by a bloke in the pub)that this code was used for second jobs/sources of income. I am ringing HMRC tommorow about tax credits as I've now got a daughter and apparently that may change my tax or something. What information should I have at hand before getting them to check my code is correct? (the website doesn't tell you what to have at hand and I flap on the phone)

If you have only the one job (and no pension, taxable benefits, etc.) the standard tax code should be around 647L - which means the first £6475 you earn is not liable to tax. BR means that _all_ your earnings are taxed at 20% :(

Having family may affect tax credits, but not the tax coding.

(Could be even worse, though - my pension was originally at D0 - that's all at 40% tax, but I got it sorted out back in Feb.)

Call the HMRC - I'm told that Saturday mornings are best (they are very busy with all the wrong codings). Have a pay slip handy - they'll want a tax reference and possibly NINO. Just tell them you have only one job, and can they check the coding...