If you have a job when you’re a student you may need to pay Income Tax and National Insurance.
You have to pay:
- Income Tax if you earn more than £958 a month on average – this is your Personal Allowance
- National Insurance if you earn more than £157 a week
Your employer will usually deduct Income Tax and National Insurance from your wages through Pay As You Earn (PAYE).
If you’ve paid tax and stop working part way through the tax year you may be able to claim a refund.
Fill in form P50 if you’ve stopped working or if you’re not going to work for at least 4 weeks, for example if you’re retired, still looking for a job or returning to study.
If you leave the UK to live abroad, there’s a different way to claim a tax refund on your UK income.
HM Revenue and Customs (HMRC) will normally refund you within:
- 5 weeks of processing your claim – if you’re expecting a cheque (or ‘payable order’)
- 5 working days of processing your claim – if you’re expecting a payment into your bank account
It can take up to 25 working days after your claim if your refund is for tax taken from your pay or pension and you have not got a P800 tax calculation.
If you do not get your refund
You should wait 5 weeks after making an online claim and 6 weeks after making a postal claim before contacting HMRC about the payment.
If you would like to discuss any of this further then please get in touch 0116 2423400 or firstname.lastname@example.org
Becky Edwards, Payroll Manager