Overpayment dilemma

[arthurfuxake]

So I'm doing my self-assessment for the tax man and I'm going through my payslips and I notice that i was overpaid 1 month. We were given a 2% annual increase which was back-dated a few months, but a few people never got it payed in their May pay, so they were payed it in June - except I got it payed in May and then again in June! So I was overpaid almost £1000, do I keep quiet about it or report it to payroll?

 

[StateOfPlay]

Report it to payroll. If they find it you will feel awkward telling them you didn't realise, I mean, it's a £1000!

 

[arthurfuxake]

I'd probably feel just as awkward telling them they haven't done their job properly.

 

[StateOfPlay]

You don't have to tell them, you just have to query it with them. It may be genuine!

 

[TDIQ]

Use it for a remap

 

[jojo]

Just bank it.(stick you other halfs name as the banker the 2nd time round)

 

[DaveA3]

Just bank it.(stick you other halfs name as the banker the 2nd time round)

as above

 

[spikeydoo]

Bank it to one side - if they notice they can ask, not demand, that you repay it - & you can agree repayment terms that are agreeable to both - if they never notice then class it as a brucey bonus - keep tight lipped it's not your reponsibility to notice

 

[StateOfPlay]

They can deduct it from your next pay cheque, someone will most likely notice it, and you will get a deduction.

You should not keep money that is not yours to keep. If you know it is a mistake, and you actually work for this company, why wouldn't you tell them?

 

[arthurfuxake]

They haven't noticed in 14 months, surely they've been through year end and everything balanced? And it's reflected in my P60.

 

[arthurfuxake]

And I've submitted my self assessment now, how would I retract that from IR so that I don't bear the cost of the tax on it, I mean that would end up costing me £400!

 

[voorhees]

I was overpaid and they requested I repay but it was my decision as it was their fault...... Took em 18 months to get the wedge back

 

[StateOfPlay]

Ah well, you didn't say it was that long ago, just forget about it, if they do ask you just ask them for a payment plan.