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Where Taxpayers and Advisers Meet

Personal allowance

Parsteve
Posts:1
Joined:Mon Mar 16, 2020 5:48 pm
Personal allowance

Postby Parsteve » Mon Mar 16, 2020 5:55 pm

I started work on the 1st of January this year, having not earned anything from April 19 till I started work, should I be paying any income tax for this tax year my wages are £3500 per month gross or will I be able to earn up to £12500 in the remaining three months of this tax year, tax free, thanks

darthblingbling
Posts:699
Joined:Wed Aug 02, 2017 9:09 pm

Re: Personal allowance

Postby darthblingbling » Mon Mar 16, 2020 11:54 pm

You get the full PA. Your tax code may not necessarily reflect this however if you're not on a cumulative code, so you may have some tax withheld that will be refunded later.

Fyi you'll still have to pay national insurance as this will be calculated based on monthly thresholds.


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