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TonyTax
TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15946
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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Hi!Tax code 459PPersonal allowance

Customer Question

Hi!
Tax code 459P
Personal allowance £10500
State Pension £5909
A tax-free amount of £4591
Personal pension £3782.40
I had untaxed interest £1793.15
How much tax do I owe?
Submitted: 4 years ago.
Category: Tax
Expert:  TonyTax replied 4 years ago.

Hi.

Are these details for the 2012/13 tax year? Assuming they are, you had a total income of £11,484. From that you deduct the personal allowance of £10,500 to leave £984 taxable at 10%. Your tax liability is therefore £98.40.

 

I hope this helps but let me know if you have any further questions.