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Gross amount £600.49 income Tax £77.20 Voluntary deductions £ 2,88. Total £601 53 less £79.68 Payable £521.85. Per month.
T A X Code for 2016 received today is 256 Y State pension is collected weekly at postoffice cash machine Truro £152.16.. Thank you for your help.
Hi again.Your tax code should be 274Y. You have a personal allowance of £10,660 from which you deduct the state pension of £7,912 (paid gross but taxable) to leave you with net allowances of £2,748. That converts to a tax code of 274Y. You are on a tax code 256Y which is about £180 lower in terms of allowances. The difference may be due to HMRC estimating your state pension differently. Call the tax office on the number here and ask them to check the figures.You also won't be entitled to the married couples allowance for 2015/16 as your wife passed away in the previous tax year. The loss of that allowance will have increased the tax deduction significantly I'm afraid.On a tax code of 274Y, you would pay tax of £74.30 per month.I hope this helps but let me know if you have any further questions.