The consumer champion said a refund for overpaid tax made before April 5 could be worth 'big money'
Martin Lewis has issued an urgent warning to millions of working people across the country who may be on the wrong tax code and owed money from HM Revenue and Customs . The consumer champion shared the details during the final episode of the current series of The Martin Lewis Money Show Live on STV.
Martin explained to a live studio audience in Liverpool and viewers at home: “Your tax code is a number that tells your employer or your pension provider what tax to deduct from your income. The most common one is 1257L and the way to work this out is you add a zero to the end which becomes £12,570 - your tax free allowance.”
Top Money Stories Today David contacted the show to share that he followed Martin’s previous advice about checking tax codes and it turned out his wife had been on the wrong tax code for four years - she received a bumper refund of £2,585. Other options available through this online service include allowing users to see an estimate of how much tax they will pay over the whole tax year. However, the service cannot be used by self-employed workers. The GOV.UK website explains: "You cannot use this service if Self Assessment is the only way you pay Income Tax.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Martin Lewis urges everyone with a mobile to send two texts now to save moneyMartin Lewis says you need to act fast
Lire la suite »
Nico Rosberg: Lewis Hamilton had 'team-mate just beat me face' in Saudi ArabiaAfter a trying weekend in Jeddah, Nico Rosberg says Lewis Hamilton sometime 'mentally goes into this down' but that he always bounces back.
Lire la suite »
The sad demise of John Lewis would have devastated my Auntie BerthaMy Auntie Bertha was extremely proud to work for John Lewis, or to be “a partner”, as she would say She spent her entire working life, all 50-odd years of it, at their store in Sloane Square ✒️ Simon_Kelner via ipaperviews
Lire la suite »
Bronze Age finds returning on loan to Isle of LewisSpear heads, rare beads and a 3,000 year old sword are among objects being loaned to a Lewis museum.
Lire la suite »
Ranked: The five possible F1 options facing Lewis Hamilton in order of likelihoodA big decision ahead for Lewis Hamilton, but which option will he choose? 🤔 Quit Mercedes, join a rival Take a sabbatical Completely retire from F1 Sign new one-year deal Sign long-term deal
Lire la suite »
Lewis Capaldi invites two Glaswegians to watch documentary with himGlasgow locals could sit down with Lewis Capaldi to watch his soon to be released Netflix documentary 'How I'm Feeling Now' in the city this week - but you had better be fast.
Lire la suite »