Tax Articles
Income Tax Back for Mothers Returning to Work
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| Are you a mother returning to work? |
Having children can end up costing you hundreds of thousands of pounds during your lifetime. It can also be a very stressful time for both parents. Invariably at least one of the parents will have to take some time off work and this can have a detrimental effect on your financial affairs that you may not have anticipated.
There is however a little known financial benefit that parents can take advantage of. If you have left work in the last 6 years to look after your baby, it is highly likely that you could be due a large income tax refund.
A great number of parents ask, “How can I claim tax back?” The reason why this is possible is because you probably stopped working part way through the tax year, resulting in your tax free allowance being calculated incorrectly.
The Inland Revenue very rarely contacts people to let them know they have paid too much tax, and the onus is on you to apply for a tax refund.
Anonymous - Wednesday, April 21st, 2010
I am not returning to work after adoption leave of 9 months. Am I entitled to a tax rebate?
admin - Wednesday, April 21st, 2010
What was your income over the last 12 months that you were off on Maternity leave and the 3 months you were at your job?
You should get a P60 shortly which would show you this.
If the income for the 12 months is below £6,475 then you can claim back all of the tax that you paid. If it is more you still may be entitled to a tax refund but it may not be 100% of the tax that you paid.
When you get your P60 you can make a claim by going to:
Anonymous - Tuesday, June 8th, 2010
when will i get my p60
TaxFix - Tuesday, June 8th, 2010
Anonymous: If you were working for a company on the last day of the tax year (April 5th) you should get a P60, sometime between April 6th and the 1st June.
michaela - Tuesday, June 22nd, 2010
hi im a new mum and i have been told i will be in titeld to claim back my tax is that right and if so how will i go about it?
TaxFix - Tuesday, June 22nd, 2010
michaela: Often if you go on maternity leave you can claim a tax refund. You can check if you have your P60 by using our tax rebate calculator.
pauline - Wednesday, July 21st, 2010
my maternity leave is over.due to family circumstances i need to take sick leave for a while,but have been told i will lose a possible tax rebate and have to pay my maternity money back.
TaxFix - Thursday, July 22nd, 2010
pauline: Any tax rebate depends on how much you earn and how much you earn. You can use your tax calculator to see if you are due a rebate.
Kristy - Saturday, July 24th, 2010
If my total income for the 12 months i was on Maternity was over £7000 but £3000 of this was maternity pay is the maternity pay included?
TaxFix - Sunday, July 25th, 2010
Kristy: How much did you earn in total during the tax year and how much did you pay in tax? It should say on your P60. Input these two amounts in our tax rebate calculator.
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