tax code k58 replaced by code k27.

martin57

Hi folks,

I owed the tax man £280 from a previous year and he takes the tax out of my occupational pension.

I got a number of tax codes from him for year 13/14 going from k58 to k27 received today.

As far as I can work out it will be a little extra in my monthly occupational pension like maybe a fiver.

Am I right in assuming that?

Thanks a lot
Martin57

CLAPTON

less tax of (58-27) x 10 x 20% per annum = £62

so £5.16 per month