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Where Taxpayers and Advisers Meet

Personal allowance

Yentrouc
Posts: 2
Joined: Fri Dec 21, 2018 11:31 pm

Personal allowance

Postby Yentrouc » Fri Dec 21, 2018 11:40 pm

I'm returning to work after maternity leave taken from Feb 2018. I resigned the job i was on maternity leave from and will begin a higher paying post in January 2019. For the tax year 18/19, my recorded earnings will be from Jan - April only. Will my paychecks be tax free, as my earnings will be less than the personal allowance for the year? My tax code at recent job was 1180L (standard). Thanks in advance!

pawncob
Posts: 4275
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex

Re: Personal allowance

Postby pawncob » Sat Dec 22, 2018 12:05 pm

The whole of your PA from 4/18 to 4/19 will be available to you so the first £11,800 will be tax free. (but in increments from 1/19 of £983 pm. starting at £8849)
With a pinch of salt take what I say, but don't exceed your RDA

Yentrouc
Posts: 2
Joined: Fri Dec 21, 2018 11:31 pm

Re: Personal allowance

Postby Yentrouc » Sat Dec 22, 2018 4:58 pm

Thanks for your speedy reply!
Can you please explain the line in brackets?

pawncob
Posts: 4275
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex

Re: Personal allowance

Postby pawncob » Sun Dec 23, 2018 10:21 am

Your allowance to January is £8849 and increases by £983 pm.
With a pinch of salt take what I say, but don't exceed your RDA


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