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UK tax claim?


SUPERSTARDJ01

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Assuming you are on PAYE, your payroll will have pro-rated your tax free allowance across the year, so will only have used 5 months of it by the end of August.

Applying the remaining 7 months to your existing earnings could net you around £1300 refund if assuming you pay base rate tax, and your earnings in the 5 months uses up all the £11850.

https://www.gov.uk/tax-right-retire-abroad-return-to-uk

Edited by Jon the Hat
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14 hours ago, Jon the Hat said:

Assuming you are on PAYE, your payroll will have pro-rated your tax free allowance across the year, so will only have used 5 months of it by the end of August.

Applying the remaining 7 months to your existing earnings could net you around £1300 refund if assuming you pay base rate tax, and your earnings in the 5 months uses up all the £11850.

https://www.gov.uk/tax-right-retire-abroad-return-to-uk

It's not just the tax free allowance that is pro-rated but the tax bands as well. Consequently a higher rate tax payer will be able to get an even bigger refund as their actual earnings will only be 5/12ths of the level they were taxed at. Of course if they have a lot of other income that hasn't been taxed the refund will reduce and may even be replaced with a tax demand.

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