If your tax code is 1060L read this

landohairspray · Post by **landohairspray** » 03 Mar 2016, 16:09

Firstly, hello, didn't even know this place existed!

Tax question. I'm assuming you have to fill out a separate form for each years claims from previous years?
I'm a 1060. Heard whispers of this but didn't know what it paid out.

nickbsmooth · Post by **nickbsmooth** » 04 Mar 2016, 15:49

So you claim the tax relief on a £60/120 so over 4years the amount will be significantly lower that you get as an actual rebate?

IcanthelpthewayIam · Post by **IcanthelpthewayIam** » 04 Mar 2016, 16:19

nickbsmooth wrote:So you claim the tax relief on a £60/120 so over 4years the amount will be significantly lower that you get as an actual rebate?

claiming £60 tax relief will get you approx £12 per year, £120 will get you £24 per year, better in your pocket than the government's and it's the exact same amount as you would have got if you had got it on your tax code at the time

seeker019 · Post by **seeker019** » 07 Mar 2016, 19:07

Please don't forget the married couples allowance, where a lower earner/non working partner can transfer some of their tax allowance to a higher earner.
worth around £212 a year including this year.

Do it online with the .Gov website, search Married couples allowance, fill in the online form (NI Numbers required) all done within 2 weeks.

IcanthelpthewayIam · Post by **IcanthelpthewayIam** » 07 Mar 2016, 19:56

seeker019 wrote:Please don't forget the married couples allowance, where a lower earner/non working partner can transfer some of their tax allowance to a higher earner.
worth around £212 a year including this year.

Do it online with the .Gov website, search Married couples allowance, fill in the online form (NI Numbers required) all done within 2 weeks.

This is actually the next guide i was going to do next month, its not as time sensitive as the uniform tax allowance as the tax transfer allowance has only been out since this year so cant claim back for previous tax years, but yeah its good advice and extra cash in our pockets rather than the governments

HuskyDeb · Post by **HuskyDeb** » 10 Mar 2016, 20:45

Need to keep this information - just ordering my uniform.
How soon can I claim after that?

landohairspray · Post by **landohairspray** » 24 Mar 2016, 17:05

Thanks zx135 for this.

Anybody have a date when this allowance was introduced to RM? I've claimed back previous 4 years off HMRC, but what chance is there of claiming the other years off of RM themselves?
Anybody had any experience with this situation?

IcanthelpthewayIam · Post by **IcanthelpthewayIam** » 24 Mar 2016, 17:38

landohairspray wrote:Thanks zx135 for this.

Anybody have a date when this allowance was introduced to RM? I've claimed back previous 4 years off HMRC, but what chance is there of claiming the other years off of RM themselves?
Anybody had any experience with this situation?

can't claim rm it's nothing to do with them and hmrc only allow 4 years backdated claim

Post by **POSTMAN** » 24 Mar 2016, 21:40

Am I right in saying that this can be done anytime and is not an end of tax year panic or else thing?

IcanthelpthewayIam · Post by **IcanthelpthewayIam** » 24 Mar 2016, 23:41

POSTMAN wrote:Am I right in saying that this can be done anytime and is not an end of tax year panic or else thing?

can be done anytime but only for the previous 4 tax years so yes do it anytime but you may lose out on a years worth if you don't do it by end of the month

Post by **POSTMAN** » 25 Mar 2016, 00:00

zx135 wrote:
POSTMAN wrote:Am I right in saying that this can be done anytime and is not an end of tax year panic or else thing?

can be done anytime but only for the previous 4 tax years so yes do it anytime but you may lose out on a years worth if you don't do it by end of the month

Gotcha,so we need to bring this up every year then.

psyCrowe · Post by **psyCrowe** » 31 Mar 2016, 21:09

I'm having bother with this, my session timed out, and very stupidly didn't mark down my user ID

Just to confirm, we claim flat rate £60?