tax on wagers

im in full time education and working part time. last month i made 280 quid and i got taxed 63 quid is this right?


my gf makes £300 a month and only gets taxed £2


is there any way of claiming it back?

Originally Posted by BIKER-DENE

im in full time education and working part time. last month i made 280 quid and i got taxed 63 quid is this right?

Sounds like you're on 'emergancy tax' to me... Ring your tax office (speak to your employers for the number )

Whats your tax code ? your probably paying "emergency" tax.

I think your code should be 489L (I'm presuming your single) if its different to this, you need to find out which is your tax office and ring them. They should be able to explain why you are paying what you are and sort it for you. You will get it back if you are paying to much.

forget about it for a while, and just pretend it isn't happening. then in a few years time claim it all back at once and treat yourself to a new bike it's kinda like a savings account. except you can't get easy access to it so the temptation to draw the money out aint there

Originally Posted by Godikus

forget about it for a while, and just pretend it isn't happening. then in a few years time claim it all back at once and treat yourself to a new bike it's kinda like a savings account. except you can't get easy access to it so the temptation to draw the money out aint there

I never used to even look at pay slip, changed jobs about 7 years ago and paid too much tax for nearly a year, got over a grand back.
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You are currently allowed to earn £4,895 per year tax free, which equates to approx. £408 per month, so you shouldn't have to pay any tax. Speak nicely to your employer to get your tax codes updated. You have up to 5 years to cliam it back

Here's a link that explains it http://www.direct.gov.uk/MoneyTaxAnd...566&chk=U5MTGt

cheers

so asuming you stick at this job for 5 years without claiming your cash back, and you work the same hours, with the same pay. in 5 years time you can claim over £15000 back. try asking if they will give ya interest on it

I got £400 cash back due to this sort of mistake before. As people say, it's a low risk, low interest savings account

yup. my old flatmate has been on the highest rate for 2 years now and he is due about 7 grand. hes just waiting till it gets to that magical 10k mark

just done an online tax rebate form and it said i may be able to claim some back so lets wait and see.

thanks for your help guys :up: