Supertax question.

m4cc45

m4cc45

m4cc45

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Joined
10 Mar 2003
Posts
6,868
Hi,

I've recently moved jobs and because the P45 didn't arrive until I'd been paid from my old place I have been super tax'd.

I'm just wondering how the tax now evens out. Do I need to put in a claim to get the money back or does it even itself out over the next few months?

The official website is very, very confusing! Some bits are saying to claim and other sites are saying it automatically does it.




M.
 
If you now have your P45, then it can all be sorted out before the end of this tax year.

Either, give your P45 to your new employer, and they (if payroll know what they are doing) will use those details and all should sort it out before the end of the tax year, meaning you will get a refund through your wages for any extra tax deducted.

Or, call HMRC, who should by now have your P45 details. Confirm with them your new employment ( you will need your National Insurance Number, and know the full name of your new employer, and their PAYE Ref if you know it) and ask them to issue a revised code to you and your new employer, including your previous pay and tax on a cumulative basis. This will achieve the same as the above method.
 
You can work out roughly how much you are owed by taking the total amount of earnings and deduct the tax free allowance (year to date) which will give you your taxable pay. Then divide the amount of total tax paid YTD on your payslip by your taxable pay.

For example say in October, 6 months in to the year, with a standard 810L (£8,105) allowance.

£10,000.00 earned
£4,052.00 allowance (8105/12 * 10)
= £5,947.50.

Say you had paid £3,000.00 in tax YTD.

£3,000.00/£5,947.00 = 0.504 = 50% = not the 20% it should be.
 
Last edited:
cjgardens said:
Super tax is for the rich 40% I think it is, if I were on them sort of wages I wouldn't mind paying 40%
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:rolleyes:

Of course you would. Anything over £42K (IIRC) per year is taxed at 40%. Its a hell of a hit on top of National Insurance. Why should the government be entitled to your hard work. I actually refuse to work overtime because it would take me into this realm of stupid tax.
 
PhillyDee said:
:rolleyes:

Of course you would. Anything over £42K (IIRC) per year is taxed at 40%. Its a hell of a hit on top of National Insurance. Why should the government be entitled to your hard work. I actually refuse to work overtime because it would take me into this realm of stupid tax.
Click to expand...

It's a common misconception that earning into the higher rate tax bracket will leave you worse off. I'm sure you know that it's only earnings over the threshold that are taxed @ 40%, not the entire earnings. Whilst it would take you into the realm of 'stupid tax' you'd be no worse off, just effectively receiving less than you would normally for the additional hours you have worked.
 
BennyC said:
It's a common misconception that earning into the higher rate tax bracket will leave you worse off. I'm sure you know that it's only earnings over the threshold that are taxed @ 40%, not the entire earnings. Whilst it would take you into the realm of 'stupid tax' you'd be no worse off, just effectively receiving less than you would normally for the additional hours you have worked.
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I know PAYE quite well ;), hence the sentence "Anything over £42K (IIRC) per year is taxed at 40%." about 99% of people do not understand the tax system, so I can understand the explanation.

Its just the fact that the government takes so much money out of my pocket that I hate.
 
PhillyDee said:
I know PAYE quite well ;), hence the sentence "Anything over £42K (IIRC) per year is taxed at 40%." about 99% of people do not understand the tax system, so I can understand the explanation.

Its just the fact that the government takes so much money out of my pocket that I hate.
Click to expand...

And yet it was the government who provided you the opportunity to earn nearly double the average wage for this country.
 
for all this tax the government get its still not enough to pay our debt off..

maybe they should bring back window tax..Or even cutting tax.

they really need to re-think pulling the country out of recession without waiting for Europe or the country to self heal its self.. cant wait for cameron to get out..
 
Agent_Smith357 said:
And yet it was the government who provided you the opportunity to earn nearly double the average wage for this country.
Click to expand...

Whats the government got to do with it? Apart from helping toward my apprenticeship (I imagine anyway) I work hard for my money, I do not work in an office, I work in the private sector, doing antisocial shifts and working most weekends. I spent 4 years at college funded by the company who took me on as an apprentice. I worked hard to be where I am, and yes, I am paid well for some very specialist skills which has taken me 10 years to aquire. There are a lot of people on here in exactly the same position. Don't forget, if you had asked, then the government would have helped you as well.
 
Mickie said:
for all this tax the government get its still not enough to pay our debt off..

maybe they should bring back window tax..Or even cutting tax.

they really need to re-think pulling the country out of recession without waiting for Europe or the country to self heal its self.. cant wait for cameron to get out..
Click to expand...

I'm sure you're trying to make a point, otherwise you wouldn't have typed all that, but I don't know what it is other than you dislike David Cameron and windows, and that getting out of recession is simple.
 
cjgardens said:
Super tax is for the rich 40% I think it is, if I were on them sort of wages I wouldn't mind paying 40%
Click to expand...

Thats just higher rate tax, you do get a higher rate than that for those earning over 150k (or there abouts)

KaHn
 
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