How Much is Emergency Tax Costing You? - Tax Retriever

How Much is Emergency Tax Costing You?

If you’ve been given an emergency tax code, you will miss out on the tax-free personal allowance of £11,500.

This means you’ll be taxed on all of your income, and will reduce you pay by more than is necessary. But how much extra will you pay?

  • Basic-rate taxpayers (earning up to £45,000) will pay an extra £1,300 in the 2017-18 tax year
  • Higher-rate taxpayers (earning up to £100,000) will pay an extra £4,600 in the 2017-18 tax year

Anyone earning more than £100,000 begins to steadily lose the personal allowance by £1 for every £2 they earn above that figure. At £123,000, the personal allowance is lost altogether.

Fear not…

If you have been placed on emergency tax, simply start the reclaim process through Tax Retriever and we will ensure that you get every penny of overpaid tax returned to you for the previous 4 tax years.

Track my claim

Please use our claim tracker to track the status of your current claim. All you need is the email address you used to process your claim and the unique reference number we emailed to you on successfully submitting your claim.

If you have any problems please contact us using our contact form and we will look to get back to you within 48hrs. (Our office hours are 9:00 AM to 17:00 PM – Monday to Friday)

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