{"id":71141,"date":"2023-12-15T05:15:55","date_gmt":"2023-12-15T05:15:55","guid":{"rendered":"https:\/\/geels.net\/?p=71141"},"modified":"2023-12-15T05:15:55","modified_gmt":"2023-12-15T05:15:55","slug":"exact-code-on-payslips-to-see-if-youre-owed-money-and-it-can-be-up-to-2585","status":"publish","type":"post","link":"https:\/\/geels.net\/beauty\/exact-code-on-payslips-to-see-if-youre-owed-money-and-it-can-be-up-to-2585\/","title":{"rendered":"Exact code on payslips to see if you’re owed money \u2013 and it can be up to \u00a32,585"},"content":{"rendered":"

Taxpayers should look out for a code on their payslips to check if they're owed money.<\/p>\n

If your tax code is wrong, you might be paying thousands more than you need to. The code is a mixture of letters and numbers, with the most common being 1257L. <\/p>\n

But these numbers and letters determine how much income tax you pay on your earnings so it's crucial to have the correct one. <\/p>\n

READ MORE: Join the Daily Star's WhatsApp for the sexiest headlines, showbiz gossip and lots more<\/b><\/p>\n

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If you notice you're on the wrong tax code, you can claim back any overpaid tax for the last four years. It comes as one Martin Lewis fan secured a refund worth \u00a32,585.<\/p>\n

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It's your responsibility to check and let HMRC know if it's wrong. Tax codes on your payslip will let you know how much you should be paying to HMRC each month.<\/p>\n

Here's what each of the letters mean:<\/p>\n