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Previously on "Staying on a BR code while working through a Brolly"

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  • ladymuck
    replied
    I think it'll be ok. Overpay in the short term and then tidy it up in your SATR.

    Leave a comment:


  • SimonMac
    started a topic Staying on a BR code while working through a Brolly

    Staying on a BR code while working through a Brolly

    Other than the reduced take home (which should get sorted out with my SA) is there any negative with staying on a BR code with my brolly? I have a (hopefully) short term inside role and rather than generating a P45 from MyCo etc if I were to stay on a BR code with the brolly and extra I would pay tax would be offset against any dividend tax I would have to pay come Self Assessment time. With the dividends I've already taken off before going inside I am going to be pushed to the higher bracket anyway and I don't think there will be a situation where the extra I pay on a BR code will be more than I would have to pay with after a self assessment.

    So in essence I'd just be paying them early and reducing my POA (hopefully)

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