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TAX...?

pompeycurry Avatar
6y, 6m agoPosted 6 years, 6 months ago
Hi,
I am a full time college student and I have a part time job, my last paycheck was £157.58 gross pay, with a net pay of £130.75. I have been deducted £21.60 TAX and £5.23 NI. My tax code is 257L, I was under the impression that the first £6400 was tax-free, and I havent earned £6400 yet. Does anyone know how to go about changing my tax code or whatever needs to be done to correct this.
Help is appreciated.
Thanks!
pompeycurry Avatar
6y, 6m agoPosted 6 years, 6 months ago
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Comments/page:
#1
Yes you get a tax free allowance of £6475 this year per person. Do you have more than 1 job??? Sounds an unusual code to have. Normally your personal allowance is reduced by the value of any benefit you have but i guess that's not applicable to you? Give you tax office a call and ask them to explain your notice of coding.

Reference can be taken from your payslip. Google your local office to find the telephone number. They are normally quite helpful to individuals.

x
#2
Your tax code is calculated based on what you will earn if you work for the full year, so you will start paying tax even if you are still under the threshold. You will have to wait until the end of the year (or until you quit/get fired) & then get it adjusted by the tax office.
#3
Just contact your tax office and they'll sort it for you, you will thenreceive a rebate in your pay i think :)
banned#4
thats an emergency tax code aint it, and thought the personal allowance was alot higher than that
#5
It's normally done by splitting your tax free allowance over the 12 month period so a 647L code would get the first 539.58 tax free a month. With your code you'll only get £214.17 tax free a month.
#6
The emergency tax code is BR for basic rate, 257L just seems a bit weird to me! Mind you the tax office has been ***** recently regarding tax codes so phoning them will probably be the only answer, although you could ask your payroll section to see where they got the code from.
#7
cdm22
The emergency tax code is BR for basic rate, 257L just seems a bit weird to me! Mind you the tax office has been ***** recently regarding tax codes so phoning them will probably be the only answer, although you could ask your payroll section to see where they got the code from.


Agreed!
#8
Phone them, they'll sort you out :)
#9
sassie
thats an emergency tax code aint it, and thought the personal allowance was alot higher than that


The emergency code for 2010-11 is 647L, thus don't think 257L is, I thought 257L and similar codes were higher taxpayer codes?
#10
£ 2570 is how much you can earn per year without paying tax on the code you gave - if i was you i would contact your tax office and make sure your have been issued with the corrct tax code and if they say yes you need to ask why it is low

Normally an emergency tax code given is BR which stands for Basic Rate which means you pay tax on every penny until your correct tax code is given out - the tax office believe it is better to take as much off you as they can and for you to ask for it back
#11
awoodhall2003
The emergency code for 2010-11 is 647L, thus don't think 257L is, I thought 257L and similar codes were higher taxpayer codes?


It usually means they have you down as having a benefit in kind i.e. company car, healthcare. They therefore reduce your personal allowance to get the tax bax on the value of the benefit. Your code only shows how much/ little and allowance you get. The rate of tax is dictated purely by how much you earn over this amount.

This shouldn't be applicable in this case so best to ring and find out what's going on.
#12
think a couple of people in work got stung with this tax code too after the new tax year kicked in.

i believe (but dont quote) the code was something to do with having two jobs, but none of the people actually had another job.

get on em quick - will most likely happen again unless it's corrected.
banned#13
Did you have income (job or benefits + interest on savings where you were not taxed at source, or benefits in kind such as a company paid private health scheme or company car) over the £6475 in a previous year on which you havn't paid tax ?
#14
you can also get lumped with a code like this if you have outstanding unpaid tax, from 5 yrs ago in my case :(

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