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PAGAN
Starting Member
United Kingdom
12 Posts |
 Posted - 23 September 2009 : 20:14:52
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Trying To Understand Nil Tax !
If I dont have any money left after over each month according to my I&E statement, I cant get an IPA , correct?
I pay about £300 income tax each month , I could be given a nil tax code and have to pay this money to Moon Beaver ( who thought of this name ? ) for the remainder of the tax year but this would not relate in any way to my IPA , correct ?
Thanks in advance ! |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 23 September 2009 : 20:46:16
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I believe that is correct. You just pay across your tax, and if you have no IPA that will be all you pay.
The glimmer gets brighter all the time
Jan
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 23 September 2009 : 22:04:15
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Yes that's right, you will only get a 'normal' IPA if you have more than £99 disposable income each month.
BTW the name Moon Beaver brings out my childish side and always makes me snigger!
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
26 IPA payments made, 10 to go - on the home straight! |
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Trying To Understand Nil Tax !
