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New Tax Code Checker

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MSE_Martin
MSE_Martin Posts: 8,272 Money Saving Expert
Part of the Furniture 1,000 Posts Combo Breaker
edited 25 October 2010 at 10:52AM in Site feedback and Forum Help
Hi folks,

Next week we're publishing a new tax code guide and tax code checker on the back of the fiasco over tax codes.

We're 85% there at the moment and would really love your feedback if you've ten minutes to go through it
Try the trial 'Tax Code Checker'


What'd we like to know
  • Do you like it?
  • Any unanswered questions?
  • Is the tax code checker helpful?
  • Anything we may have missed?
  • Does it all make sense?
  • Anything you think we have got wrong?
  • Please try and break the tool with different entries and let us know if it works- or any glitches.

    Things that aren't finished

  • It's hasn't been fully grammar or spelling proof read (no need to report errors)
  • We're getting the final checks from a couple of tax professionals, so they may have some tweaks - so do beware acting on the info.
  • There are some improvements to the look and layout to come.
  • There are some notes in there about thingsd to add (e.g. finding a tax adviser) - just ignore them for now :)
FEEBACK ON THE TOOL AND GUIDE VERY WELCOME - JUST CLICK REPLY BELOW
Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
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Comments

  • butterflymum
    butterflymum Posts: 1,025 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    edited 22 October 2010 at 4:49PM
    ... deleted post ... mistake on my part

    butterfly )i(
  • If you enter a sum in pre-tax earnings box and click calculate, it replies with:

    It seems you have entered an incorrect tax code


    yes i also got this but once i filled the boxes in again it worked , It also didnt recognise im on an emergency tax code as well.

    My tax code at the moment is 647L M1(according to my payslip) . It did'nt seem to recognise the M1 bit and said im on the right tax code and i know i am not.

    Not sure how relevant that is , and if its what your looking for. Just thought i'd mention it :beer:
    Sleazy wrote: »
    I like RainbowFairyDust .....

    RFD for president .... Ra! Ra! Ra! :j

    Undergrad degree - completed 2018
    Masters degree - completed 2019
  • Chorlie
    Chorlie Posts: 1,029 Forumite
    Part of the Furniture Combo Breaker Photogenic
    edited 22 October 2010 at 4:57PM
    Looks good, but it doesn't seem to cover my situation

    I've got a ill health pension (so under 65) and getting taxable & non-taxable benefit (ESA & DLA). So I have 2 tax code, one for each.

    My 2 taxable incomes are each under my free pay limit, but together are over my free pay limit, so I have to pay tax.

    My tax limit is that of someone under 65, so the pension part doesn't apply since they have higher free pay limits.

    Your guide covers pensions, but not ill health pensions or taxable benefit, unless I've missed it.

    (Also maybe a little off track, what happens if you're under the free pay limit on your wages / pension, but have saving and including that interest puts you above the free pay limit).
  • Middy
    Middy Posts: 5,394 Forumite
    Which taxcode do I use? On my wage slip its 653L and the one on the letter informing me I've overpaid tax in 08/09 earlier this month (got cheque today!) states my taxcode is 663S.

    Thank you.
  • MSE_Martin
    MSE_Martin Posts: 8,272 Money Saving Expert
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi folks, all feedback is good feedbakc - we'll be looking at it on monday
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
    Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
    Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
  • MSE_Martin
    MSE_Martin Posts: 8,272 Money Saving Expert
    Part of the Furniture 1,000 Posts Combo Breaker
    Middy wrote: »
    Which taxcode do I use? On my wage slip its 653L and the one on the letter informing me I've overpaid tax in 08/09 earlier this month (got cheque today!) states my taxcode is 663S.

    Thank you.

    If you forgive me - Im going to answer "its all in the article" as that's the point the article should work without any additional info and that's what testing is for - if it doesnt help do let us know.
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
    Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
    Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    MSE_Martin wrote: »

    What'd we like to know
    • Do you like it?
    • Any unanswered questions?
    • Is the tax code checker helpful?
    • Anything we may have missed?
    • Does it all make sense?
    • Anything you think we have got wrong?
    • Please try and break the tool with different entries and let us know if it works- or any glitches.

      Things that aren't finished
    • It's hasn't been fully grammar or spelling proof read (no need to report errors)
    • We're getting the final checks from a couple of tax professionals, so they may have some tweaks - so do beware acting on the info.
    • There are some improvements to the look and layout to come.
    • There are some notes in there about thingsd to add (e.g. finding a tax adviser) - just ignore them for now :)
    FEEBACK ON THE TOOL AND GUIDE VERY WELCOME - JUST CLICK REPLY BELOW
    Too long, confusing. Didn't read. Have no idea if it's relevant. Looks like a lot of hard work.

    Closed window. Reported back.
  • Very straightforward! got mine right!
    LM1 April 2007 = £26000
    2nd Nov 2010 = £5424.68 (parents = £4524 cc= £900.68)
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Middy wrote: »
    Which taxcode do I use? On my wage slip its 653L and the one on the letter informing me I've overpaid tax in 08/09 earlier this month (got cheque today!) states my taxcode is 663S.
    .

    Why would you want to check your Code for 08-09 ..... when HMRC have already done a computation for that year (the P800 you have)?

    Put the current year one (10-11) in ..... ie 653L.
    If you want to test the depth of the water .........don't use both feet !
  • My answers in red.
    MSE_Martin wrote: »
    What'd we like to know
    • Do you like it? Yes
    • Any unanswered questions? Not at the moment
    • Is the tax code checker helpful? Yes
    • Anything we may have missed? Not that I can see
    • Does it all make sense? More sense than the HMRC do
    • Anything you think we have got wrong? Please see below
    • Please try and break the tool with different entries and let us know if it works- or any glitches.
    I thought that the HMRC dropped the "H" suffix on tax codes a good few years ago so all tax codes should end with an "L"?
This discussion has been closed.
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