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Tax Code T Explained by HMRC
A listener got frustrated when HMRC told them the T in their tax code meant nothing — but it turns out it’s actually a key indicator of your tax-free allowance, which can be split across multiple codes if you have multiple income sources. When the listener confirmed they don’t have multiple incomes and their code was zero T, HMRC explained this could mean they’re paying tax on everything they earn — potentially costing them over $2,500 annually. The listener, unsatisfied with online tools, decided to call HMRC directly for help. Support the show:Get a discount at…
The skinny
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