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HMRC shows £0 tax free in my statement - that sound right?
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proformance
Posts: 345 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?

0
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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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?0 -
DE_612183 said:Yes, I'd expect that to be £12k - how much did you earn in that tax year?0
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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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proformance said:DE_612183 said:Yes, I'd expect that to be £12k - how much did you earn in that tax year?2
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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. thanks0
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