nibnob21
Premium Member
Registered: 16th May 10
Location: South Derbyshire
User status: Offline
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I received a fairly healthy tax rebate a day or two ago but I'm still not convinced it's for as much as it should be.
For the last working year I didn't come close to earning the figure where you are meant to start paying tax however when I was working I was paying PAYE and National Insurance.
Am I right in thinking both of these types of taxes should therefore be paid back in full? Or do you just get one of them back or something?
Basically the amount I've been rewarded totals about 7 weeks worth of tax even though I worked about a total of 12ish weeks. And yes all work was carried out in one tax year.
Any help and advice would be appreciated.
Cheers 
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
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ring them and speak to an expert
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John
Member
Registered: 30th Jun 03
User status: Offline
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quote:
Originally posted by Russ
ring them and speak to liam-wilko [/quote
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tom_simes
Show Staff
Organiser: South Wales
Premium Member
Registered: 12th Jan 05
Location: Undy, Newport Drives: Skoda Octavia vRS estate
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You don't get NI back - once it's paid, it's gone.
If your money paid back equals the amount of PAYE you paid, then that's correct.
To clarify, only PAYE (Pay As You Earn) is a tax - NI is a contribution towards your state pension later in life, and the NHS too, I believe.
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nibnob21
Premium Member
Registered: 16th May 10
Location: South Derbyshire
User status: Offline
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quote:
Originally posted by tom_simes
You don't get NI back - once it's paid, it's gone.
If your money paid back equals the amount of PAYE you paid, then that's correct.
To clarify, only PAYE (Pay As You Earn) is a tax - NI is a contribution towards your state pension later in life, and the NHS too, I believe.
That's what I was after, thanks.
Seems a bit daft that NI is done on how much you earn, yet in total I still only earned a few ££££ last tax year so if the earnings were spread out evenly over 52 weeks I wouldn't have paid any NI.
Just another thing to add to the list of why this country is backwards.
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Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
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Look at it that it's less you have to make up for later in life when your NI payments are short of the amount needed for pensions etc
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nibnob21
Premium Member
Registered: 16th May 10
Location: South Derbyshire
User status: Offline
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Oh I don't mind paying taxes and contributing. It just seems like a bit of a flaw in the system that if I'd earned the exact same amount but more spread out I wouldn't have had to pay any NI.
Anyway I've decided I'm going to be f*cking rich when I'm older so state pension will just be pennies in my pocket 
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
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youd have paid the same ni whether you earned it all over a day or a year
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noshua
Member
Registered: 19th Nov 08
User status: Offline
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Not if he was under the tax threshold, which he said he was?
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nibnob21
Premium Member
Registered: 16th May 10
Location: South Derbyshire
User status: Offline
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quote:
Originally posted by LeeM
youd have paid the same ni whether you earned it all over a day or a year
See below.
quote:
Originally posted by noshua
Not if he was under the tax threshold, which he said he was?
Correct 
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