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Posted: Thu Sep 11, 2008 9:11 am
by flashingblade
Just to let you know my hubby received his £60 tax refund in his weekly wage today, so everyone else should receive theirs if their wage is paid monthly. Nice to have a bit of good news!!
Sorry if ive posted this in the wrong place!
Posted: Thu Sep 11, 2008 9:15 am
by Skippy
Nice one Flashingblade! I'm not optimistic I'll get mine - our accountant said no-one was actually getting any extra! I'll keep an eye on my tax code and see what happens!
Posted: Thu Sep 11, 2008 9:27 am
by kallis3
Hopefully we will get ours at the end of the month. Makes a change to receive something instead of paying it out!
Posted: Thu Sep 11, 2008 10:14 am
by chefchic
my husband got his today!!! will be waiting in anticipation for my payslip next week!!!!!
Posted: Thu Sep 11, 2008 11:39 am
by kallis3
Don't see why you shouldn't get one Skip. It's supposed to be for everyone in the normal tax band, but not those on the higher rate.
Posted: Thu Sep 11, 2008 11:59 am
by Skippy
I'll get it eventually, but it depends how long it takes them to get sorted out - the accountant isn't exactly efficient!
Posted: Thu Sep 11, 2008 1:56 pm
by debtmountain
Thanks for letting us know flashingblade, look forward to receiving mine, hopefully at the end of the month [:)]
Posted: Thu Sep 11, 2008 6:25 pm
by Til
OH got his today - woo hoo as we are off for our cheapo caravan for a week in the lakes next week so that will come in very handy! [:D]
Hoping I get mine next week when monthly pay kicks in!!!
Posted: Thu Sep 11, 2008 7:17 pm
by fuzzy_dunlop
who qualifies for this life changing amount of money ?[:D][:D]
Posted: Thu Sep 11, 2008 7:34 pm
by credit allergy
I expect you have to pay tax on it!
Posted: Thu Sep 11, 2008 10:04 pm
by look_divine
i paid no tax today and also received £6.80 refund
woooohoooo so think im about £55 better off this week (paid weekly)
Posted: Thu Sep 11, 2008 10:38 pm
by kallis3
Fuzzy, it's anyone paying normal rate tax, not the higher rate.
Posted: Thu Sep 11, 2008 10:39 pm
by Kazzy E
Hi Guys, If you pay tax at the basic rate of 20 per cent:
The changes take effect from the first pay day on or after 7 September and equate to a tax saving of approximately £120 over the course of the tax year. If your September pay day is on or after 7 September, you will pay up to £60 less tax that month. If you’re paid monthly and your September pay day was before 7 September, you will pay up to £70 less tax in October. How much your tax reduces will depend on how much you’ve paid already – and in some cases you might get a repayment as part of your pay.
After this if you’re paid monthly you will pay up to £10 a month less tax and if you’re paid weekly you will pay up to £2.30 less tax. (The actual figures will depend on your income.)
If you pay tax at the higher rate of 40 per cent
The changes only benefit basic rate taxpayers.
Hope this helps.
Kazzy x
Posted: Fri Sep 12, 2008 1:35 pm
by facingittogether
hubby got his today woo hoo!
should get mine at end of month - that will pay for room for frugal friends in november!
barb x
Posted: Fri Sep 12, 2008 2:33 pm
by Shining
I've seen what hubby's got in his pay as I've checked online he he but no idea if it includes the tax rebate, I'll find out Monday when he picks up payslip. He earns different every week due to overtime and location of his work and no good asking me where he was last week as I have a hard job remembering where I was. lol x