How to find the right TAX code your suppose to be on

Simple question , was wondering how do you find the right tax code your suppose to be on, not the tax code your currently on
 

whiskyboozer

Active Member
Unless you are 65+ or blind (or indeed both) it should be 647L. Meaning you have a personal allowance of £6,475 i.e. you dont pay tax on earnings less than this amount.
 

abraxus

Active Member
Unless you are 65+ or blind (or indeed both) it should be 647L. Meaning you have a personal allowance of £6,475 i.e. you dont pay tax on earnings less than this amount.
Not neccessarily, it depends on whether you have allowances or deductions such as company car, fuel, medical insurance, previously owed tax etc
 

davepuma

Distinguished Member
I am in the middle of doing 2years worth of tax returns (oops) and after much confusion etc. I managed to find out the correct code from the tax office over the phone. Pity the rest wasn't as straight forward....
 

unique

Moderator
phone the HMRC / inland revenue and ask them. 647L is the standard code for those under 65, but if you have taxable allowances like a company vehicle or have underpaid tax in a previous year, or more than one job or source of income, your code could be different

look for the employees helpline. it's handy if you phone when you have a recent payslip to hand as they will ask for your employers reference number, NI number etc, which should all be on your payslip
 

Ultima

Distinguished Member
The only way to be sure that you have been issued with the correct PAYE Coding Notice is to have details of your benefits in kind/prior year tax underpayment adjustments etc to hand and do the calculation yourself. Invariably the Tax Office get it wrong so they would be my last port of call when trying to find out what my code should be.
 

unique

Moderator
My tax code is 609L!

So I'm paying too much tax then?


unless there is a good reason why you aren't on 647L

do you have a company vehicle, or other source of income? what was your tax code the last couple of years? have you underpaid tax previously? you can underpay tax just by having the wrong tax code or not giving the right P45/P46 details when changing jobs
 

Elrond

Member
My tax code is 576L and the only benefit that I have, as far as I know is private medical!

As for knowing what you should be on, HMRC probably get it wrong so god help us lot!
 

stevefish69

Well-known Member
My tax code is 576L and the only benefit that I have, as far as I know is private medical!

That sounds about right. This means your private medical insurance costs your company £710 which IIRC is about what my old lot used to pay for Bupa. You just pay the tax on this benefit, be it 20% or 40% depending on what you earn.

For years whilst at my old company and having a Seat Cupra R as a company Car and Private medical my code was 288K which is a negative code :eek:

This basically meant that before i earnt a penny on Jan 1st, i already owed them 40% of £2880 :suicide:

Now i only have an old pickup truck for work use only my code is back to 647L and i'm rich again :clap:
 

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