Tax amount sound right??

[PurpleDinosaur]

Hi would so appreciate a view on this.....I work in the NHS and earn 30,000, taxed via PAYE. I do a small amount with a university (£500) a year taxed via PAYE. I then have a self employed private practice, this year earning £3000. My tax self assessment is coming out as owing £1400, so almost 50 % of what I earned privately.

Does that sound right?

It will depend on how much was deducted at source.

It should be 20% plus NI - is that the figure that comes up when you enter it into the HMRC site?

Have you checked on that site that both of the first two salaries are coming up there with tax deducted?

Thanks tigger - do you mean how much was deducted by my main and smaller employer?

Thanks hollow yes £1400 is the figure coming up at the end of the form.

Last year it self populated the info from my main and other employer but this year I had to enter my pay per tax, and amount taxed myself. Not sure why they change this year?

I find this so confusing but my amounts are so small it's just not worth paying a tax advisor ☹️

@PurpleDinosaur

Thanks tigger - do you mean how much was deducted by my main and smaller employer?

Yes as it's the whole picture needed for self assessment.

Pay PRE tax👆

It's also worth checking your coding notices to make sure there isn't anything in there that shouldn't be there

@tigger1001

It's also worth checking your coding notices to make sure there isn't anything in there that shouldn't be there

Thanks, I'll have another look back through everything.

thesalarycalculator.co.uk is quite useful for working out your total tax. £1400 does seem too high but is it possible that you underpaid tax in one of your jobs or there's student loan repayment also being deducted?

Make sure you're nhs code is the one where you get the tax free allowance (125L), then your uni is probably something like BR CUM code.
As your total income is under the higher threshold I would've assumed your self employed income was taxed at 20%, not closer to 50.

@UnbeatenMum

thesalarycalculator.co.uk is quite useful for working out your total tax. £1400 does seem too high but is it possible that you underpaid tax in one of your jobs or there's student loan repayment also being deducted?

I don't think I've underpaid tax in my other jobs, one is very long term employment so just 'as usual' and the other is a very small amount. Student loan paid off ages ago. So confusing!

@Roodicus21

Make sure you're nhs code is the one where you get the tax free allowance (125L), then your uni is probably something like BR CUM code. As your total income is under the higher threshold I would've assumed your self employed income was taxed at 20%, not closer to 50.

Thank you - I'll double check my codes from each employer.

@PurpleDinosaur

Hi would so appreciate a view on this.....I work in the NHS and earn 30,000, taxed via PAYE. I do a small amount with a university (£500) a year taxed via PAYE. I then have a self employed private practice, this year earning £3000. My tax self assessment is coming out as owing £1400, so almost 50 % of what I earned privately.

Does that sound right?

It is impossible to comment on whether that sounds right as it depends what deductions were made at source from your different income steams.

Take your final payslip from each, add up the gross earnings, put into a tax calculator. Then add up your tax and NI deductions from each and compare to what the calculator gives.

Thanks everyone - I re-did the form and put the codes in again and it's come out at a much more respectable £545 now which sounds more like it. Thanks v much for all your responses xx