📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Personal Tax free amount

Options
lelexide
lelexide Posts: 1 Newbie
in Scotland
I have recently moved jobs and earned more in my previous job. I have been issued with a tax code SK2033 and a tax free amount of  negative —£20349...
can someone explain this and how much of an effect it will
have on my monthly salary 
thanks

Comments

  • molerat
    molerat Posts: 34,615 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 25 April 2020 at 9:14PM
    Basically you will be taxed on £1694 and pay £343 per month in tax before you earn anything so if you earn £2000 per month you will be taxed on £3694.  What has happened to cause this ?  Do HMRC think you have 2 jobs ?
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture