| Author |
 Topic  |
|
|
nicky35
Starting Member
United Kingdom
27 Posts |
 Posted - 27 June 2009 : 13:37:32
|
Hello everyone, we've had our OR interview and been told that hubby has to pay into a ipa for 36 months through his nil tax code on his wage a few questions
1. why is this, when our expenditure is more than our income and there isn't more than £99 disposable income
2. thought a nil tax code was only for 12 months
3. What would happen if he were to do o.time as this would change the amount of tax on his wage slip
A letter has come today saying all the information dicussed and has to be signed and sent back to OR should he do this or not, thanks for any info  |
|
|
jelojo
New Member
United Kingdom
71 Posts |
Posted - 27 June 2009 : 14:19:30
|
Nil tax code IPA is different to an ordinary IPA. An IPA is for 36 months and is beased on surplus money from your salary and A nil tax code IPA is a set amount of tax that instead of getting paid to governemnt gets paid to you and you pay them from that. This lasts until next April.
They made a boo boo with mine as they told me nil tax code then sent me wrong paper work (Ordinary IPA) I wrote to OR telling him of this and he sent me correct paper work.
It should say nil tax code until April on paperwork he wants you to sign, if not ring them for advice and then if they say you have recieved wrong stuff write to them saying this.
Hope this makes sense.
Also your Nil tax code is set at a certain amount so... if you get less tax one month you have to make it up but if you get more then your allowed to keep the difference. |
 |
|
|
jelojo
New Member
United Kingdom
71 Posts |
Posted - 27 June 2009 : 14:20:34
|
| PS dont sign anything until you are sure as harder to sort out once signed!! |
|
|
|
nicky35
Starting Member
United Kingdom
27 Posts |
Posted - 27 June 2009 : 14:39:02
|
| thanx for that jelojo, always recieve paperwork on a dam saturday when the offices are shut, so we're stuck till monday x |
|
|
|
jelojo
New Member
United Kingdom
71 Posts |
Posted - 27 June 2009 : 14:46:46
|
that happened to me too, very frustrating!! good luck
x |
|
|
|
Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 27 June 2009 : 15:03:49
|
A nil tax code should normally be for 12 months and no longer.
As the others have said, wait until Monday and then phone up to check before signing anything
The glimmer gets brighter all the time
Jan
xx |
|
|
|
Hallway123
Junior Member
United Kingdom
181 Posts |
Posted - 28 June 2009 : 14:36:27
|
| So before I get nil tax code I will receive a form that I have to sign and send back.I'v been worried about this,because the average I paid when I filled in soa was £250 a month,now with hours being cut it will be £150.Worried that I'll end up having to pay extra £100 out of my own pocket.I told OR about wage reduction at interview and she said just send 3 months wageslips in August,do you think they will leave working out my tax until then. |
|
|
|
Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 28 June 2009 : 18:00:26
|
I would think so. I had a pay rise and was moving house around the same time and the OR said they wouldn't reassess my payments until I'd moved so I'd know how much my outgoings would be.
If they don't and they want to do it straight away I'd ring and remind them what was said.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
23 IPA payments made, 13 to go - on the home straight! |
|
|
|
Hallway123
Junior Member
United Kingdom
181 Posts |
Posted - 28 June 2009 : 18:15:14
|
| Thanks skippy,I still can't quite believe the worst is over,every day I'm expecting a letter to say the OR was wrong and I will get an ipa,things seem to be going to smoothly and things never do in my life. |
|
|
|
Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 28 June 2009 : 18:28:08
|
I know what you mean! Even now (over 2 years later!) I still expect something to go wrong. I make my 24th IPA payment tomorrow so I feel like the end is in sight for me now but until I make that last payment I don't think I'll relax!
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
23 IPA payments made, 13 to go - on the home straight! |
|
|
|
Hallway123
Junior Member
United Kingdom
181 Posts |
Posted - 28 June 2009 : 18:43:15
|
| I feel as though I wasted 2 years by going down iva route,wish I,d gone BR in the first place then it would all be over. |
|
|
| |
Topic |
|
IPA
