I've been taxed by my workplaces...but I'm a student. What to do?
Hey guys,
I was taxed by work even though I shouldn't have been because I'm a student so how do I get my money back?
Earlier this year I worked at Next, they've taken about £20 off and I worked at Sports Direct who took about £10. How do I get my money back? I heard hm revenue give it back at the end of the year, is this true?
This is the first time this happened to me so apologies if I seem very clueless. I appreciate any help and advice given!
Thanks.
I was taxed by work even though I shouldn't have been because I'm a student so how do I get my money back?
Earlier this year I worked at Next, they've taken about £20 off and I worked at Sports Direct who took about £10. How do I get my money back? I heard hm revenue give it back at the end of the year, is this true?
This is the first time this happened to me so apologies if I seem very clueless. I appreciate any help and advice given!
Thanks.
0
Comments
Thats what I've been told so far by friends and family!
Very confused by all this
I've left both those jobs now...to be honest left Next on a bad note after I had to chase them up 3 times just to get paid!
I'll check out that website, and was thinking I'll have to call up hm revenue on Monday to find out for sure.
https://www.gov.uk/student-jobs-paying-tax
Ordinarily, if you earn more than circa £190 a week, you will pay tax.
Because students don't tend to earn that much and work part time - they generally don't go over the tax limit - so there's a perpetuated fallacy d that students can work tax free. It is not true.
Edit: Seems I posted the same as striing at the same time. Though striing makes a good point about the basic / emergency tax rate.
I'm pretty sure I was over taxed as I didn't earn nowhere near that in a week.
Thank you, and I'm sure I was over taxed as I didn't earn that much for either jobs in one week.
I understand now thanks. When can I apply to get the money back?
I've left both jobs now. I will call them up on Monday. Thank you.
May help.
You've experienced the first throes of the fundamental problems and irritations of the UKincome tax system.
They won't do anything now I doubt because you could start another job in this tax year. Call them up in April and they'll sort it for you and you'll get your money within a couple of weeks.
Thank you for the link
Oh okay, I wasn't going to work this year due to university. But I shall call them on Monday just to ask*a few questions.
Thanks for all your help.
I will look at that online and try to fill it out. Thank you.
Normally overpayments should either be paid back in your pay packet or they send you a cheque. You could be on the wrong code, so check what you're on, and google it. I paid too much tax this year, but the taxman sorted it out and sent me a cheque.
As a student you're exempt from Council Tax. That's all.
You still have to pay income tax on earnings over £9500 per year (or whatever the figure now is), and National Insurance over £150 or so per week.
The income tax is what's causing the problem, as the assumption is that this is a regular job and that the money will continue coming in, so you pay tax weekly on the basis that you will exceed the threshold by the end of the year. Casual work, multiple jobs and zero-hours contracts all cause problems too.
Contact HMRC about this and ask their advice. They might not necessarily give you a refund after next April; more likely they will adjust next year's tax code so you pay less tax. Not much good if you won't earn enough next year either! So you might have to chase the money.
(With National Insurance, that is only assessed weekly (or sometimes monthly), so with casual work you can sometimes minimise the NI amount by spreading shifts across two weeks for example.)
If you do not expect to work again in this tax year then yes you can apply for the tax back now. Speak to HM Revenue and Customs about it on Monday.