Tax Codes Explained 2024/25 | You NEED To Know This

What is a tax code and am I paying too much tax? Well a tax code is a combination of numbers and letters given to you to show HMRC how much income tax and national insurance you should be paying. A tax code shows the amount of tax-free income an employee should receive in a single tax year also known as their personal allowance. Anything earned above this amount is taxable.

00:00 Intro
00:25 What Is It
03:06 Updating Tax Code
04:51 Emergency Tax Code
06:20 Conclusion

Use the links below to aid your understanding:

Understanding different codes:
Update your code:

For more information or any help, contact me via:
Instagram - @iMentor__

[imentor__]

For questions regarding tax codes, call HMRC on 0300 200 3300. They will explain everything you need to know taking into account your personal circumstances.

[JudeOB]

Hi, im 17 and have been getting taxed when i shouldn’t be.

My tax code right now is BR. Long story short, hmrc didnt know i was working so the problem lied with me employer.

My employer is now asking me what tax code it should change to but i have no special knowledge about tax codes or what to change them to.

Is there a specific tax code for 17 year olds that dont earn above the threshold

[AashishGupta-jh]

I get tax code from 0T why it is happend can you explain me? It will change automatically or not

[chefrijojoseelanjikal]

Hi sir, I came this country 17 th November2023... And I am joining 2 places as chef.... But here joining my tax code change 1257L(first week salary) to 1203L WK1(after all) now P60 came another tax code 1203L W1(P 60)...If you know.... Why like that.... HMRC Call but no response... Before job place I ask P45... Still not come.... Pls what is difference....

[LewisMcLeod]

Thank you very much for making this video. Such a big help

[stephenwelby]

I do a bit helping out if my old campany needs a driver my tax code is 118LX ??
What tax would be paid for any work i do for him ?

[musatembo]

What is 604x, will it take more than half of my wages. I am worried

[childofGod]

Hi i am doing 2 different jobs, one of it got 415L M1 ( part time ) and latter one got 778L M1 (Main income ).The part time job tax code is keep changing every month whilst the other is same from last 3-4 months. So why is am paying higher tax every month on my part time job ?

[Peter-bqyu]

If I’ve got two jobs one paying 1257L and another BR tax code I’ve been paying BR since 2021 will I ever get back the tax ever ?

[usamapatel]

Keep it up bro it is a best and easy way to explain

[charltonbeckford]

What does 2447L mean ? Before it was 1257 i dont know why it changed

[emz]

Can you pls explain mine tax code was 1257L.now i changed to new employer and now tax code is 1204L.and am receiving low salary as well when compared to first employer

[petermitchell]

What doe tax code BR/0 mean? I am retired so I do not have an employer to speak with.

[ayeshaamin]

My tax code changes from 1257L to 750T
What does that mean

[paulferris]

Loved the vid. I have a question that you may, hopefully, be able to answer. I used to have a married allowance 13?? something which included a 10% from my non working wife's allowance. Then I got divorced and it changed to 1257M1 22/23 (for the entire year) which I assumed was the single persons allowance. I have just noticed that for the entirety of 23/24 year it was 1152L. Could you shed some light on why I now don't seem to have my full tax allowance? Thanks

[mssang]

Does the emergency tax code change or how do I get it changed I have a p60 from my old job.

[dejifod]

Thansk iMentor... got an earlier job and my tax code was 1257l, resigned and got a new job and the tax code changed to BR, and the thing is i am now been taxed way more than the job i resigned could be wrong???

[JFACTSJinujoseph]

OT w1 tax code willing change to normal automatically?

[frinothomas]

Hi, what does tax code 1022L means? I have only one job

[yannechoy]

Hi, I have worked in company A （full time）for a week then I resigned. 1 month later I entered company B（part time）. Is company B regarded as my second income？