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HMRC shows £0 tax free in my statement - that sound right?
proformance
Posts: 349 Forumite
Hi,
First time I've ever looked at my annual tax breakdown online and seen this field. Wouldn't this be the national tax-free allowance e.g. £12,570, or am I mis-reading this field?




First time I've ever looked at my annual tax breakdown online and seen this field. Wouldn't this be the national tax-free allowance e.g. £12,570, or am I mis-reading this field?

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Comments
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Yes, I'd expect that to be £12k - how much did you earn in that tax year?1
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How much did you earn in 22/23?proformance said:Hi,
First time I've ever looked at my annual tax breakdown online and seen this field. Wouldn't this be the national tax-free allowance e.g. £12,570, or am I mis-reading this field?
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141k according to HMRCDE_612183 said:Yes, I'd expect that to be £12k - how much did you earn in that tax year?0 -
after a certain point in income ( over £100k I think ) the tax free allowance starts dropping - there is a point ( not sure ) when the reduction wipes out any tax free allowance - I presume you've crossed this point.2
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https://www.gov.uk/income-tax-rates/income-over-100000proformance said:
141k according to HMRCDE_612183 said:Yes, I'd expect that to be £12k - how much did you earn in that tax year?2 -
I see. Yes, just read that. It was my belief that everyone got a tax free allowance.DE_612183 said:after a certain point in income ( over £100k I think ) the tax free allowance starts dropping - there is a point ( not sure ) when the reduction wipes out any tax free allowance - I presume you've crossed this point.
Question answered. thanks
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