IT'S worth checking which tax code you're on this year – otherwise you could end up hundreds of pounds out of pocket. Your tax code is a mixture of numbers and letters and is used by your employer to work out how much tax you need to pay. You'll have one if you're employed full-time or part-time, or receiving a private pension, yet millions of us don’t even bother to check if ours is correct. Employers take the sum of money from your paycheck before it arrives in your account. If you're on the wrong tax code, you could see any extra cash you have overpaid refunded to you. This year, some of the tax codes have changed, so it’s a good idea to get clued up on what they mean. But how do you find out what yours is? We explain all you need to know. How do I find out my tax code? There are a number of ways you can check what your tax code is for the current tax year, which started April 6 2021 and runs until April 5 2022. Your tax code will be displayed on your payslip, usually listed near your National Insurance… Read full this story
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