Nil Tax Code?

user55

Just been reading about this.

Is it a definite? Or just one of the options available to the OR?

Is it just me that finds the idea of the tax man essentially paying my creditors strangely satisfying?

Bakeybadoo

They are doing that with my OH as he doesn't have enough surplus to qualify for an IPA.

It's an option, as is an IPA.

Most odd but yes, you can't help but feel a little smug.

Remmer

It depends at what point in the tax year you go BR. It takes a while to set up so say if you opt for BR Dec/Jan it may be too late. It's your money that is being paid, it just gets diverted from HMRC to the OR

Bakeybadoo

You get it in your pay packet but you then pay it to the OR. But yes, obviously it's your money going to your creditors but the tax man isn't getting anything because of that.

user55

Considering the tax man has contributed about £300 a month to my problems, that is going to make me smile a little bit more often.