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Ask Your Own Question, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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My tax code is br/0 what does it mean i am 75 yrs old

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my tax code is br/0 what does it mean i am 75 yrs old
Hello and welcome to the site. Thank you for your question.

A tax code BR means all income is taxed at the basic rate of 20%.

It is normally applied for a second job or pension, or when an employee is starting their first job and you’re waiting for a tax code from HM Revenue and Customs (HMRC).

More information on what letters in a tax code mean is covered here

I hope this is helpful and answers your question.

If you have any other questions, please ask me before you rate my service – I’ll be happy to respond. and other Tax Specialists are ready to help you