NOT PAID

[stodgy88]

left royal mail last week, ill health got a compensation payment P.I.L.O.N payment and money owed for holidays owing me ,plus 3 hours overtime owed,but didnt receive any wages for the three days i worked, is this correct ,not sure if i owe them a weeks wage when i finish ,help appreciated before i proceed.

[Woody Guthrie]

It should be included in your PILON.

[stodgy88]

Thanks if your certain of that ,i will leave it cheers just another quick one my P.I.LO.N and holiday pay was taxable £4600, so 20% tax and 12% NI should be around £1500,but paid £2160 total, is it possible ive been taxed at 40%. thanks for prompt reply.

[Woody Guthrie]

Thanks if your certain of that ,i will leave it cheers just another quick one my P.I.LO.N and holiday pay was taxable £4600, so 20% tax and 12% NI should be around £1500,but paid £2160 total, is it possible ive been taxed at 40%. thanks for prompt reply.

It certainly looks like you've paid too much tax.
With a bit of luck you won't have to wait too long to get it back.

[stodgy88]

Cheers,thanks again for your time.

[stodgy88]

morning ,just another quick one, i have paid tax and NI on my P.I.L.O.N payment ,but only one week of that is in this financial year ,should the other 11 weeks carried forward to the next financial year when my income will be well below the threshold be taxable, plus a small lump sum from my pension which i will signed for next week i was told that 75% of this was taxable,but if im well below the £12,500 allowance (NEXT FINANCIAL YEAR ) ,is this correct thanks

[RobertT]

As far as I'm aware you will pay tax in the financial year you receive the money, so if you got it in 20/21, it sounds as if you'll probably pay more tax than if you get it in 21/22. Although it will obviously depend on specific amounts.

If your total income for a financial year is below the Personal Tax Allowance, then any tax paid on your pension or any other income, should be refunded.

The PTA is currently £12,500 but is going up to £12,570 from 6th April.

[stodgy88]

Thanks RobertT,so the P.I.L.O.N wont change (be taxed ) ,but the lump sum from my pension that hasnt been paid yet wont thanks

[RobertT]

Without knowing exact amounts, it sounds as if you will still pay tax on the PILON, although the amount you've paid seems a bit high to me.

If you get the pension money in 21/22 and your income is below £12,570, then you shouldn't pay tax on it. Or if you do pay tax initially, you should be entitled to a refund.

These things tend to right themselves over time, but my advice would be to contact HMRC and tell them your situation. Make sure the tax is correct as soon as possible.

[stodgy88]

Thanks spoken to them already ,regarding amount of tax paid on P.I.L.O.N and holiday money ,plus told them details of income for upcoming tax year and impending pension payment figure,so hopefully will play out ok.

[stodgy88]

Morning. Not heard anything from tax people, been about 3 weeks, any idea of time frame I'm looking at. Thanks

[burton76]

You need to ring HMRC - only they will be able to give accurate info.

Tax comes back in wages or benefits. If the mistake happens across the beginning of April this can delay it. It won't always do this whcih is why you need to ring and ask - they won't bite!

You need to keep your wage slips.

[stodgy88]

Ive spoken to them about 3 weeks ago,explain i thought i had paid too much tax and NI on my payout ,but not heard anything since.