General Chat, Products & Comps <
23/02/2013 at 11:17
I questioned my student loan payments for the past year as they seemed a little low (must ring them to confirm the total amount paid!) One of my friends in high management said there had been a mistake with wages when they changed payroll providers and some of the details were wrong- I've never been told this officially.
Anyway this mornign a cheque arrived for just short of £900 for over payment of tax, How can I check this is actually my money- as according to a pay calculator I was recieving the right amount. Just worried they will ask for it back!
What sort of things should I be asking my finace office for to check this and my pension/ student loan payments..... I'm about to go on ML at the end next week so only have this week to sort
23/02/2013 at 20:54
Have you received a breakdown of the overpayment calculation? This usually arrives separately to the cheque. If u have I'm happy to have a look at it and see if I can see any problems/queries with it. Should say I'm an accountant.
23/02/2013 at 20:57
I would call hmrc tbh.
24/02/2013 at 04:26
To check you'll need your payslip for each month in the period you over paid and your tax code which hmrc will have sent you via letter before the tax period. If you then Google net pay calculator and put in your income for each month and tax code you can self check the deduction for tax etc. Basically make sure you paid what the online thing says. Comparison of the two should be your refund. Just make sure that you use the right year.
24/02/2013 at 10:24
thanks for the replies ladies- I'll wait for the calculation to come in then start investigating further- also going to ring the student loan company this week to find out what they have been paid. I dont have the year in question pay slips but do have the p60 so hopefully that will give me enough information
24/02/2013 at 12:30
Once u have calculation, compare to p60 to see if anything looks odd or different. Hopefully the student Loan company will confirm things are ok. You can ring hmrc if u want them to check anything, the phone number will be on calculation and you'll need to quote your national insurance number.
24/02/2013 at 13:47
thank you for your help MrsH- I will update when I get calculations
Continues below ad
with our partner Childcare.co.uk
Nice to see you! Please do nose around, sign up and join in.