Tax Rebates & Refunds

Student tax: get overpayments back for a period of intense employment activity (Part 1)

May 18, 2012
Posted in Tax Rebates — Written by Jennifer

The summer is a really important time of year for students. It represents a long and uninterrupted period when they can actually work without having to focus on studying at the same time. It often also represents a bit of down time in terms of their social engagements which also frees them up to put in more hours.

The fact is that when you go from only doing a few part time hours a week to then working a great deal for a spell of a couple of months, the Inland Revenue is likely to respond with a sort of knee jerk reaction. When they see how much you are earning in the summer, they will automatically tax you because your projected earnings for the year according to what you pull in during those couple of months will be quite high.

If your projected earnings on those wage slips look as though you are going to break the tax allowance threshold then you will see tax come out of your wages. This can be very frustrating when you know that soon enough you will be back on the part time hours and earning very little.

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