Wrong tax code

[teghead1]

Hello, I started work as a Qualified degree Nurse in January this year , every time i get paid my tax code is 0T NOCUM and i am heavily Taxed. I was receiving a bursary for the last 3 years and have not worked until now. Only £4335 was taxable from the bursary My husband receives Carers allowance for our disabled son which was £3200. So overall Taxable pay was £7535 We are married and have three children.. I wrote to tax office but they say tax code of 0T NONCUM is ok untill end of march this year. problem is they are taking lots and lots of tax. When i looked up the code or talk to payroll they tell me i have used up my allowance for last year , but we only recieved £7535 as a taxable income .Could someone explain if this is right, or what it means. Thanks in advance.

[nikkisizer]

Hello teghead1,

A tax calculation would need to be carried out at the end of the tax year and if the outcome is that you have overpaid your tax a tax refund can be claimed.

This would be done by submitting form R40 to HMRC.

Happy to help if required so if you need any further assistance please do not hesitate to contact me.

[GlobalTaxAdviser]

R40 is to claim back tax on interest

You have been put on a OT tax code as you didn't have a P45 to give to your new employer

HMRC should send out P800 from June onwards relating to 2014/15 which will details your income and tax paid. Any excess they should receive a cheque within 14 days

If you cannot wait - either write to HMRC with a copy of your P60 or just call them up as they probably can tell from your records if you have overpaid tax

Hope everything works out for you

Kind Regards

GTA