Help with Tax Code

p00hsticks

That sounds right then - as others have pointed out the 'X' means that the code is applied on a non-cumulative basis, so will only apply for the part of the year in which you are actually receiving your state pension. 

[Deleted User]

Another way of looking at it - 

henceforth you will be pay tax each month on 1/12 of your annual salary in addition to 1/12 of your annual state pension. 

The tax due can only be deducted from your salary as there is no mechanism to deduct tax from the state pension.

BIGEYE

OK. Thanks everyone, I'm a lot clearer now.