Quick tax question (P60-related)

[JulianHJ]

I'm trying to work out if I've overpaid my PAYE for the last financial year. I have my P60 in front of me and I think I've overpaid, but I can't make any sense of the terms used, and HMRC's website further confuses me...

I earn a fixed salary of a little less than £30k. I get paid overtime sporadically. Sometimes I can get paid OT accrued over several months - which can double my take home pay. I understand the 40% tax bracket doesn't apply until after £37,400 P.A. mark, however my annual gross income last year was well under that, in the low 30's.

I'm looking at my P60 and it says:

Lower Earnings Limit (LEL): £x,xxx
LEL - Earnings Threshold (ET): £xxx
Above ET up to Upper Accrual Point (UAP): £xx,xxx
UAP - Upper Earnings Limit (UEL): £xxx
Employees contributions above ET: £x,xxx

Do either the UAP or UEL relate to the 40% bracket, and if so, is it possible my PAYE has been miscalculated due to huch higher earnings in a few months where I've received large overtime payments?

[scirocco265]

Go on http://www.listentotaxman.com/ and compare to what you have actually paid

[Eric Mc]

All those LEL/UEL references relate to the calculation of the Employee's National Insurance calculations. They are nothing to do with Income Tax/PAYE.

[JulianHJ]

Aha, thanks!

[Eric Mc]

If you want to check the accuracy of the Employee's National Insurance calculations the annual figures for 2009/10 are as follows -

1st £5,720 - Nil
£5,721 to £43,875 - 11%
Above £43,875 - 1%

[quotemehappy]

HMRC have a tool called student tax calculator on their website. You can use this to see if you have overpaid income tax on your PAYE earnings.

I know you are probably not a student but you can still use this tool; I used it for the 2007/08 tax year and I had found that I had overpaid tax to the tune of £400, caused by me being on BR for about 6 weeks in a temp job.

[Eric Mc]

His query turned out to be an NI question rather than a tax question.