Martin Lewis wants anyone with a payslip to check it immediately
Money Saving Expert Martin Lewis has issued a word of warning to anybody who gets a pay slip. Millions of Brits are sent pay slips either weekly, bi-weekly or monthly, but Martin Lewis says people should check a detail that is easily missed to make sure they're not losing out on money.
Martin says if you have the wrong tax code, it could be costing you hundreds, if not thousands. In his latest Money Saving Expert newsletter, Martin warned that people who use the wrong tax code could be paying too much or too little.It means you could be entitled to get cash back if you have overpaid, but it could also mean you may have to pay some money back back if you have underpaid.
The code is made up of several numbers and a letter, with 1257L used by most people who are employed or have a pension. Different numbers and digits will affect your work or pension situation and how much cash will be taken by the Inland Revenue. But it is up to you to contact them if you think it is wrong. You can use the tools to check your code on the government's website.
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