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Original poster

Help - child tax question

3 replies

Teabay · 06/03/2020 16:33

Aaagh. I did a one off week of full time overtime last fortnight which will be paid into my salary in March, the final month of tax year. This takes my salary around £900-£1100 over what HMRC have estimated my CTC at.
Will this mean I have to pay lots back? Any idea about how much the increase is? Annual salary predicted to be £23k ish, may now be mid £24k.
Thanks

OP posts:
Original poster
Teabay · 06/03/2020 17:02

Oh, and I don't get £900 a week - it's lots less than that but that is the total discrepancy over the year from when HMRC guessed at my pay.

OP posts:
help1653 · 06/03/2020 19:32

Put the new amount into one of the online calculators to see, but I believe the taper rate is 41p in the £, so you will lose 41p of TC for every extra £ you earn.

Original poster
Teabay · 06/03/2020 20:15

Thanks

OP posts:
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