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Tax code (120l) help please!!
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[STRIKE]120L tax code implies that there's another 2.5k of allowances (not benefits) on top of the personal allowance of £9,440pa ....[/STRIKE]
Rubbish post, apologies. Please ignoreWarning ..... I'm a peri-menopausal axe-wielding maniac
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Eh? 120L would give an tax free allowance of £1209, so £8231 of the allowance is being used up by something. The car will be part of it. The mystery is what the rest is.Debt_Free_Chick wrote: »120L tax code implies that there's another 2.5k of allowances (not benefits) on top of the personal allowance of £9,440pa ....0 -
Eh? 120L would give an tax free allowance of £1209, so £8231 of the allowance is being used up by something. The car will be part of it. The mystery is what the rest is.
Oops - yes! I completely misread/misunderstood the OP. Looking at my own tax code of 1207L and clearly in la-la land ......
Apologies - will edit my confusing postWarning ..... I'm a peri-menopausal axe-wielding maniac0
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