Tax code 19 December 2022 at 2:24PM edited 20 December 2022 at 10:14AM in Cutting tax 1 reply 73 views

trebor56

I have just started my state pension and still working. How do I work out my new tax code - I don't trust hmrc to get it right. My work income is £30k them my pension will be £9500 approx.

molerat

Your tax code will likely be your current code less £9500 ( your full annual pension amount) on a M1 basis so taxing 1/12th of the annual pension each month