Who checks their pay slip to make sure they’ve been paid and taxed the right amount? Being on top of things like this keeps you in control and means you can resolve any issues quickly.
If you’re not sure what your tax code means, check out this handy guide.
Tax codes in the UK are made up of a sequence of numbers and letters. Add a zero to the number and it equates to the amount you can earn this year tax-free eg. £12,570.
There are other tax code letters including W1, M1 and X which are emergency tax codes, also separate codes for rates in Scotland and Wales. See https://www.gov.uk/tax-codes/what-your-tax-code-means for more information.
Em x
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