899L tax code

zudecke

Anyone know why my tax code has changed from last months 765L to 899L this month?

What does this change mean?

Thanks,


Z

saintjammyswine

You get a higher allowance before paying income tax.

You personal allowance has gone from £7650 to £8990.

Basically, you will pay less income tax.

chrisbur

zudecke wrote: »

Anyone know why my tax code has changed from last months 765L to 899L this month?

What does this change mean?

Thanks,


Z

This was the automatic uplift of tax codes due to budget increase. Employers added 134 to all L tax codes.
Do you know why your code is lower than the basic allowance, possibly a taxable benefit?

zudecke

Can you work out roughly how much someone earns from their tax code?

I.e. 899L means I am eligible to £8,990 tax free, right? But is that an indication as to how much I earn??

TadleyBaggie

The tax code does not indicate how much is earned, only what can be earned before tax must be deducted.

zudecke

Thank you!

Also, does anyone know what "Tax period" on my payslips means?

TadleyBaggie

For monthly salary, usually the April salary payment will be tax period 1, May would be tax period 2 and so on.

jem16

zudecke wrote: »

Thank you!

Also, does anyone know what "Tax period" on my payslips means?

Do you know why your tax code is lower than the normal tax code?

zudecke

TadleyBaggie wrote: »

For monthly salary, usually the April salary payment will be tax period 1, May would be tax period 2 and so on.

I.e. June would be tax code 3?

jem16 wrote: »

Do you know why your tax code is lower than the normal tax code?

I have no idea

jem16

zudecke wrote: »

I.e. June would be tax code 3?

It would be tax period 3, not tax code 3.

I have no idea

What did your P2 Coding Notice say? This gives an explanation of the code.

zudecke

I don't know what a P2 Notice is if I'm honest..

Maybe this has occurred as a result of redundancy payout and change of jobs?