Questions and Answers
What will my tax code be from 6th April 2020?
How much tax-free income can I get before I start paying tax and what will my new tax code be?
On the 6th April 2020, your personal allowance will remain at £12,500 for the 2020/21 tax year. This is the amount you can receive before you start to pay any tax.
This allowance is reflected into your tax code and your code will be ‘1250L’ for any English or Northern Irish taxpayers.
If you are a Scottish taxpayer, then it will be ‘S1250L’ or a Welsh taxpayer it will be ‘C1250L’.
This is the standard tax code for employees, who don't have any other income or have any other adjustments in their tax code.
If you want us to check your tax code, please feel free to get in touch with us today via 0203 621 5511 or complete our contact form here.
Date published 28 Feb 2020 | Last updated 25 Sep 2020
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.Choose the right accounting firm for you
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