Settlement/redundancy and tax overpayment?
Posted: Fri May 19, 2017 8:53 pm
I may well be wrong but before I call HMRC I'd just like to check 
In November I was given a settlement instead of redundancy as I was pregnant and my company were due to move location during my leave and I'd already said that I wouldn't travel the distance. The settlement included all my statutory maternity, any remaining holiday, my last month's salary, redundancy notice and redundancy payment, this all sounded very exciting till Mr Tax Man and Mrs Student Loan
I've had my P60 and I can't tell if I have overpaid on tax as it doesn't show my childcare vouchers being deducted or whether the total salary for the year is before or after the deductions?
This is the breakdown on my P60:
Total Income for the year: £19,422.37, includes a temp job role also (my usual salary being 16,000 and £243 childcare vouchers deducted every month)
Total tax for the year: £1,809.40
From what I can see on the salary calculator website even if my childcare vouchers had been deducted on £19422 I should have paid 1,684 tax so to me I'm pretty sure there was an overpayment but my husband thinks that perhaps the 19422 is AFTER the vouchers are deducted so he thinks my tax is ok? I did work a 3 week temp job before the end of the tax year and did have a refund of £502.80 so from my previous employer i paid 2312.20 then a refund of 502.80 leaves me with paying 1809.40, I'm really getting lost!
Any help or advice would be great, have I overpaid or not?
In November I was given a settlement instead of redundancy as I was pregnant and my company were due to move location during my leave and I'd already said that I wouldn't travel the distance. The settlement included all my statutory maternity, any remaining holiday, my last month's salary, redundancy notice and redundancy payment, this all sounded very exciting till Mr Tax Man and Mrs Student Loan
I've had my P60 and I can't tell if I have overpaid on tax as it doesn't show my childcare vouchers being deducted or whether the total salary for the year is before or after the deductions?
This is the breakdown on my P60:
Total Income for the year: £19,422.37, includes a temp job role also (my usual salary being 16,000 and £243 childcare vouchers deducted every month)
Total tax for the year: £1,809.40
From what I can see on the salary calculator website even if my childcare vouchers had been deducted on £19422 I should have paid 1,684 tax so to me I'm pretty sure there was an overpayment but my husband thinks that perhaps the 19422 is AFTER the vouchers are deducted so he thinks my tax is ok? I did work a 3 week temp job before the end of the tax year and did have a refund of £502.80 so from my previous employer i paid 2312.20 then a refund of 502.80 leaves me with paying 1809.40, I'm really getting lost!
Any help or advice would be great, have I overpaid or not?