Pay rises - Estimated income

Hi So I checked my estimated income for next year and it's way lower than what it should be due to a pay rise. Do I need to worry? Will HMRC see the pay rise and adjust the figures accordingly? I was tempted to adjust them myself but not money savvy , plus my pension is through salary sacrifice which I believe affects the figures. I'm getting myself in a panic , last thing I need is a huge tax bill Thanks all

Hi

If the estimated income is too low then yes you can amend on your personal tax account Personal tax account: sign in or set up.
If you are unsure what to update you can contact HMRC to review/update your tax code Income Tax: general enquiries

Thank you

I tried the general enquiries webpage but it did not help so I am asking here. I got a new job (which is my only current job) in January and my estimated income from my this job for tax year 2024-25 is higher than what HMRC have estimated on my online personal tax account. So I went to update my estimated income. It asked me to deduct pension contributions. I pay in to my pension after tax and the 20% relief is automatically added. Should I therefore deduct those pension contributions, or not?

Hi,

If the pension contributions are from your net income then you would not deduct from your estimated income. 

Thank you.