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  • Tax question
  • thered
    Full Member

    Am I better getting paid alot in one month, 6K

    Or 2 smaller amounts over 2 months?

    Thanks in advance

    druidh
    Free Member

    PAYE works to mop up anomalies over the course of the year so it’ll make no difference to the amount you pay.

    thered
    Full Member

    What if I won’t have a job thereafter?

    gusamc
    Free Member

    over 2 months will only make a difference if it crosses a tax year boundary (April) as you get a per year tax free allowance, if not as above

    tax is generally sorted out after end of tax year – ie all facts known, you may have to pay more or get a refund depending on how accurate your tax code was

    ebygomm
    Free Member

    If you pay a student loan you’d be better going for the two smaller amounts. No way to claim back overpayment

    poly
    Free Member

    Depending how much you earn then one lump sum may be preferable from a National Insurance perspective. Tax should iron itself out. The only time it MIGHT be beneficial from a Tax perspective is taking all of it in March or splitting March/April if you cross into new tax thresholds.

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