Tax Code 1257L - What Does It Mean?

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Source: Tax Code 1257L - What Does It Mean?

Taxation can be complex and confusing. Comprehending tax codes and their implications on your finances is undoubtedly a pain, but is crucial to your financial well-being. For individuals working single jobs, Tax code 1257L has been the most common code during tax year 2023/24. This tax code signifies the tax-free personal allowance of £12570, which is allowed before you pay income tax.

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