Why have my tax deductions gone up 500% in four months when my income has only increased by £100?
Resume IA
L'auteur voit ses déductions fiscales augmenter de 500% en quatre mois malgré une augmentation de salaire modeste, et cherche à comprendre pourquoi.
Conseil cle
Vérifier les déclarations fiscales et les paramètres de déduction pour comprendre les raisons de l'augmentation des déductions fiscales
I’m confused! My gross monthly salary went up slightly (from £2060 to £2160) at the start of the new financial year this month. However, I’m earning less net pay than I ever have and I’m confused why! Until January, I wasn’t paying PAYE, only NI. Then, in February I started seeing deductions in my payslip for PAYE, and this month it was increased from last month by £100! Why has my tax deduction gone up by £100 if my income has only gone up by £100? With these new tax deductions, I am now making a net £200 less than I was in December. I live in London and in the last two months, my cost of living has gone up by £100 (including a rent increase) and I can’t afford to reduce my income. HMRC aren’t helping. Please help?!
“You said in a different reply that you earnt £25k which is double the tax allowance.”