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| Are
you due income tax back? |
Most people think that
students do not have to pay tax. This is sadly however incorrect
and it makes no difference if you are 3 or 33 you still have to
pay the Inland Revenue a proportion of your earnings if you earn
over your tax free allowance of £5,225
However, the majority
of students do hold one major advantage over the rest of the population.
If you are a student and your are working, it is very likely that
you may be due a tax rebate. The reason for this is because most
student who do work will not earn below their personal allowance.
A student would have to work for nearly a quarter of the year on
a full time basis before they would use up all of their tax free
allowance. Many employers will not take into the account that you
are only going to be working for part of the tax year and If you
have paid too much tax, you can forget about the Inland Revenue
contacting you to tell you.
Students are one of the
poorest democraphics as they have very little disposable income.
If you are a student don't let the government take the small amount
of money that you do earn. Why not check to see if you are able
to claim a tax rebate, you have nothing to loose and could be in
for a big windfall.
The year you decide to
go into the real world to find a job you will have only worked for
part of a tax year, another factor which will help secure a tax
rebate. Remember you can claim any tax rebate for the past 6 years,
so think about any summer jobs or holiday worked you might have
had.
Tax Fix operates the
most affordable Tax Rebate
service. Why not check to see if you are due Tax
Back today? They work on a 'No tax
rebate, No Fee' basis.
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