Tax codes and tax credits???

cmcm789 · 26-10-2005, 10:42

Just a couple of questions.

I recently got married and have been told to get my tax code updated. Should my work do this, and does it make any difference to my income tax??

Also, does anyone have any experience of Working Tax Credit. I filled in an online form which told me i was eligible, but what difference would it make?? Is it worth it??

JD

Dr Zoidberg · 26-10-2005, 10:57

IIRC when you go onto a married persons tax code you get a slightly larger tax free allowance so your income tax will decrease slightly.

Working family tax credits will also mean more money for you and no drawbacks.
If you don't want it then claim it and buy me some beer

cmcm789 · 26-10-2005, 11:01

Quote:

Originally Posted by Dr zoidberg

If you don't want it then claim it and buy me some beer

I think i will be buying myself that beer, but if there's any left over, your more than welcome

Goochie · 26-10-2005, 11:02

Can a changed tax code be back dated to the date or marriage?

JRHartley · 26-10-2005, 11:05

Based on what I had to do 4 years ago,

Ask your employer which tax office your employer goes through for your wages etc. then give them a ring...Tell them your national insurance number and that you have got married (your wife will need to do the same to her tax office) they will just ammend their records but it wil be for information purposes only. Your tax code will not change as there is no 'married persons tax allowance' any more so your tax code should stay the same as before.

As for working tax credit, IMHO if you earn anything over about £8k you'll get a token gesture typically if your joint income is about £25k you'll get about £500 a year ...just about covers the cost of nappies and milk for your baby if you add it to the child 'benefit'.....

My advice is keep any benefit in a safe place because the Inland revenue will just f*ok it up as usual and take it back off you anyway when they claim they have given you twice the amount you were entitled to...

Dr Zoidberg · 26-10-2005, 11:16

Quote:

Originally Posted by Goochie

Can a changed tax code be back dated to the date or marriage?

In general for all benefits and taxes they can only be backdated to the date when you applied unless there is a good reason why you never applied sooner.

***DGW*** · 26-10-2005, 11:52

Married person's tax code? I know there is a married couples allowance for those born before 6 April 1935 but even I don't qualify for that.

A number of useful Inland Revenue PAYE tax guides are accessible via the link below:

http://www.adviceguide.org.uk/index/...r_tax_code.htm

cmcm789 · 26-10-2005, 12:05

Just filled in the online form to see if i am eligible for tax credit again.

Results:

You are not eligible for family tax credit.

You are eligible for working tax credit.

£0.00

Whoopeee, im eligible for nothing

What a useless website

JD

SkodiRS · 26-10-2005, 12:19

Quote:

Originally Posted by cmcm789

Just filled in the online form to see if i am eligible for tax credit again.

Results:

You are not eligible for family tax credit.

You are eligible for working tax credit.

£0.00

Whoopeee, im eligible for nothing

What a useless website

JD

I can't rightly remember how this works but...

family tax credit you'll only get it if you have kids and have a joint earnings of less than £55k.

JRHartley · 26-10-2005, 12:25

just goes to show that the only way to get anything back from the system is to be either a fifteen year old girl who can't keep her knees together or you have smuggled yourself into the country in the back of some lorry.....

Goochie · 26-10-2005, 12:26

... or both ?

matchmaker · 26-10-2005, 13:00

Quote:

Originally Posted by JRHartley

just goes to show that the only way to get anything back from the system is to be either a fifteen year old girl who can't keep her knees together or you have smuggled yourself into the country in the back of some lorry.....

I have a 39 year old wife, two kids, and was born here.

I don't earn a huge amount and Family Tax Credit and Working Tax Credit means I can afford the simple things in life like my car and the occasional meal. So there

Kentish · 26-10-2005, 17:39

I thought the married mans allowance had been reduced until removed. However, I understood that you could have your wifes tax allowance bundled over to yours so she would have any coding, but yours would be bigger. If you both work though it doesnt really make any difference.

26-10-2005, 10:42	#1
cmcm789 Briskodian Join Date: Oct 2004 Location: Northern Ireland Posts: 965 Members Car: Octy Elegance 110 TDI (2003) Thanks: 0 Thanked 0 Times in 0 Posts	Tax codes and tax credits??? Just a couple of questions. I recently got married and have been told to get my tax code updated. Should my work do this, and does it make any difference to my income tax?? Also, does anyone have any experience of Working Tax Credit. I filled in an online form which told me i was eligible, but what difference would it make?? Is it worth it?? JD __________________ Octy Elegance TDI (110bhp)

26-10-2005, 10:57	#2
Dr Zoidberg Briskodian Join Date: Jun 2003 Location: On the back of an AA truck with a failed turbo Posts: 10,759 Members Car: Octavia II 2.0 TDi Elegance Thanks: 30 Thanked 196 Times in 147 Posts	IIRC when you go onto a married persons tax code you get a slightly larger tax free allowance so your income tax will decrease slightly. Working family tax credits will also mean more money for you and no drawbacks. If you don't want it then claim it and buy me some beer __________________ Alex "I laugh in the face of danger, then I hide until it goes away" www.drzoidberg.co.uk

26-10-2005, 11:05	#5
JRHartley Briskodian Join Date: Nov 2004 Location: North west Posts: 2,010 Members Car: Octavia 1.9 TDi Thanks: 0 Thanked 16 Times in 13 Posts	Based on what I had to do 4 years ago, Ask your employer which tax office your employer goes through for your wages etc. then give them a ring...Tell them your national insurance number and that you have got married (your wife will need to do the same to her tax office) they will just ammend their records but it wil be for information purposes only. Your tax code will not change as there is no 'married persons tax allowance' any more so your tax code should stay the same as before. As for working tax credit, IMHO if you earn anything over about £8k you'll get a token gesture typically if your joint income is about £25k you'll get about £500 a year ...just about covers the cost of nappies and milk for your baby if you add it to the child 'benefit'..... My advice is keep any benefit in a safe place because the Inland revenue will just fok it up as usual and take it back off you anyway when they claim they have given you twice the amount you were entitled to... __________________ I'm a celebrity...... Get me out of here !!! Last edited by JRHartley; 26-10-2005 at 11:08.*

26-10-2005, 11:52	#7
*DGW* BRISKODA Staff Join Date: Oct 2002 Location: Cambridgeshire Posts: 17,300 Members Car: Octavia 1.8T 4X4 Estate & Fabia vRS Thanks: 51 Thanked 208 Times in 157 Posts	Married person's tax code? I know there is a married couples allowance for those born before 6 April 1935 but even I don't qualify for that. A number of useful Inland Revenue PAYE tax guides are accessible via the link below: http://www.adviceguide.org.uk/index/...r_tax_code.htm __________________ Denis 2002 Octavia 1.8T 4X4 turbo Estate - rebreathed on by Jabba ... 31.93mpg 2007 Fabia vRS - CC, ESP and full leather trim by Seat Surgeons ...48.57 mpg...

26-10-2005, 12:05	#8
cmcm789 Briskodian Join Date: Oct 2004 Location: Northern Ireland Posts: 965 Members Car: Octy Elegance 110 TDI (2003) Thanks: 0 Thanked 0 Times in 0 Posts	Just filled in the online form to see if i am eligible for tax credit again. Results: You are not eligible for family tax credit. You are eligible for working tax credit. £0.00 Whoopeee, im eligible for nothing What a useless website JD __________________ Octy Elegance TDI (110bhp)

26-10-2005, 11:02	#4
Goochie Briskodian Join Date: Jan 2004 Location: Up a tree. Posts: 12,363 Members Car: Thanks: 7 Thanked 27 Times in 25 Posts	Can a changed tax code be back dated to the date or marriage?

26-10-2005, 12:25	#10
JRHartley Briskodian Join Date: Nov 2004 Location: North west Posts: 2,010 Members Car: Octavia 1.9 TDi Thanks: 0 Thanked 16 Times in 13 Posts	just goes to show that the only way to get anything back from the system is to be either a fifteen year old girl who can't keep her knees together or you have smuggled yourself into the country in the back of some lorry..... __________________ I'm a celebrity...... Get me out of here !!!

26-10-2005, 12:26	#11
Goochie Briskodian Join Date: Jan 2004 Location: Up a tree. Posts: 12,363 Members Car: Thanks: 7 Thanked 27 Times in 25 Posts	... or both ?

26-10-2005, 17:39	#13
Kentish Briskodian Join Date: Feb 2003 Posts: 5,245 Members Car: 4 wheels, 4 doors. Thanks: 0 Thanked 11 Times in 7 Posts	I thought the married mans allowance had been reduced until removed. However, I understood that you could have your wifes tax allowance bundled over to yours so she would have any coding, but yours would be bigger. If you both work though it doesnt really make any difference. __________________ Andy Owner of a sense of humour.

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