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Tax code
Wile84
Posts: 6 Forumite
Hi, was officially declared bankrupt 10th March, had my interview with the receiver all went well. Have just received my March salary a lot less than expected with a tax code 6T/1 on it. Payroll have advised my tax code for April is 250 T. Are these codes linked to the bankruptcy at all? Anyone know what they mean or is this likely a seperate HMRC issue?
Thanks!
Thanks!
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Comments
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A ‘T’ in your tax code is normally only for very high earners, it’s common for bankrupts to have a ‘NT’ tax code which is not taxed. I would contact your OR initially, and then HMRC1
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What will be my take home pay on £40000 with Tax Code K416?
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https://www.thesalarycalculator.co.uk/salary.php Says £2181.33 for the 20/21 tax year
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