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Tax code

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trebor56
trebor56 Posts: 1 Newbie
edited 20 December 2022 at 11:14AM in Cutting tax
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.

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  • molerat
    molerat Posts: 34,492 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 19 December 2022 at 3:58PM
    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
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