I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Hi, thanks for coming back to me, my query arises because my salary increased from £76k to £130k per annum in January 2014 and I am concerned that this will have just pushed me over the £100k limit and I will lose my personal allowance in 2013/2014 retrospectively. However, the monthly payslips (effectively 1 April 2013 through to 31 March 2014) will show this as coming just under the £100k (£99,499 including a £10k bonus paid in December, which of course is preferable). I'm not sure whether the payslips will be what is submitted on the P60 or a prorata of the salary from 5 April 2013 to 4 April 2014. The monthly payslips correspond to the Tax Periods so I was assuming the figures used would be the ones on the payslips. If not, is there a way of mitigating this as I will only have run over by about £500 based on my rough calculations.
Thank you very much for your response. I do pay into a pension scheme (5%) so hopefully this will have reduced my income with a comfortable margin below the £100k.
If you are happy and there are no more issues I will appreciate if you would kindly rate the service I provided to ensure I get credited for it.