Got my first pay check the other day and I seem to have been taxed loads. My tax code is BR W1/M1 . I thought the normal tax code was just BR
I have just stopped getting my dad's pension because I finished uni so I am thinking that maybe this is something to do with it.
What should I do?
Get independant financial advice?
That is (I think) an emergency tax code - standard tax code is 489L (for 05/06). You need to talk yo HR/accounts where you work to get your code assigned properly. It'd happen anyway, but it never hurts to chivvy them a little. You should get a rebate of the overcharge though, so you haven't lost the money; you just can't put your mitts on it for a while. The W1/M1 bit is "Week 1/Month 1" and BR is an emergency code. Quite common for someone who's just started work and hasn't had a tax record forwarded from a previous employer.
Last edited by nichomach; 03-09-2005 at 08:09 PM.
Phone citizens advice, they'll sort you out
In the meantime take a look here http://www.direct.gov.uk/MoneyTaxAnd...ideToTax/fs/en
Last edited by shelley bda; 03-09-2005 at 08:13 PM.
Or just phone your local tax office. They are very friendly. Paying basic tax generally means you have overpaid.
Not around too often!
cheers people, just found the tax office number, will give them a call monday.
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