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1257L is the tax code currently used for most people who have one job or pension. HMRC will usually contact you to explain how they worked out your individual tax code if your tax...
25 Ιουλ 2023 · Use this tool to find out what the numbers and letters in your tax code mean and how much tax you will pay.
Your tax code is used by your employer or pension provider to work out how much Income Tax to take from your pay or pension. HM Revenue and Customs (HMRC) will tell them which code to use.
28 Απρ 2021 · If an individual has the 1257L tax code, they can earn £12,570 before they are taxed. Per month this allowance works out as £1,047. Above this threshold, individuals will be taxed on income earned .
2 Αυγ 2024 · In 2024-25, the most common tax code is 1257L, used for most people with one job and no untaxed income, unpaid tax or taxable benefits. This reflects that the personal allowance is £12,570.
11 Ιουλ 2024 · The 1257L tax code is the most common in the UK, indicating an annual tax-free personal allowance of £12,570. Your tax code may change due to factors such as changes in income, employment status, or benefits received. A tax rebate occurs when you’ve paid more tax than you owe, often due to incorrect tax codes or multiple jobs.
You need to add a zero to get the real number, so 1257 means you can earn £12,570 a year tax-free – that's the amount you can earn in a year before your employer needs to deduct tax. This is called your personal allowance.
