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Sam
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Category: Tax
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My Tax code has just altered from 114K to 46L does this mean

Resolved Question:

My Tax code has just altered from 114K to 46L does this mean I will be paying more tax
Submitted: 3 years ago.
Category: Tax
Expert:  Sam replied 3 years ago.
Hi
Thanks for your question, I am Sam and I am one of the UK tax experts here on Just Answer.
Yes, it will mean you pay more tax - which will amount to £136 a year if you are a basic rate taxpayer (£11.33 a month) and £272 a year if you are a 40% taxpayer (so £22.66 a month) and £306 a year if a 45% taxpayer (so £25.50 a month)
Let me know if you require any further assistance
Thanks
Sam
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