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The UK tax codes differ depending on ones personal circumstances. Common examples include:
1257L: Standard personal allowance.
BR: All 20% taxed (basic rate) income (often second workplaces).
D0: Income taxed at 40% (higher rate).
D1: Income taxed at 45% (additional rate).
K: You have to pay on previous income or benefits.
NT: No tax deducted.
Every code informs the amount of tax that is deducted from your pay, and therefore knowledge of the codes is important for the management of your finances appropriately. Read more about list of tax codes and what they mean
1257L: Standard personal allowance.
BR: All 20% taxed (basic rate) income (often second workplaces).
D0: Income taxed at 40% (higher rate).
D1: Income taxed at 45% (additional rate).
K: You have to pay on previous income or benefits.
NT: No tax deducted.
Every code informs the amount of tax that is deducted from your pay, and therefore knowledge of the codes is important for the management of your finances appropriately. Read more about list of tax codes and what they mean