Tax Tip: Understanding your tax code


Your tax code indicates how much tax HMRC will collect from your salary, which you can find on your payslip. You should check your tax code each year, or after changing jobs, to make sure it's correct.


If you're on the wrong code, you may be entitled to pay less tax in coming months, or receive a refund for previous years.


If you do suspect that your tax code needs to change then you should contact HMRC directly - https://www.gov.uk/tax-codes/updating-tax-code

Need help? Speak to one of our experts on 0800 690 6355 or arrange a free consultation.

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