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UK workers earning over £12,570 must check their tax codes to avoid over- or underpaying taxes due to common errors.
Martin Lewis warns UK workers earning over £12,570 annually to check their tax codes, as errors are common and can lead to overpaying or underpaying taxes.
The standard code 1257L reflects the £12,570 personal allowance for 2025/26, but mistakes due to life changes like new jobs or benefits may cause financial issues.
It’s the employee’s responsibility to ensure accuracy, and he advises using free tools or the GOV.UK Personal Tax Account to verify codes and contact HMRC if needed.
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Los trabajadores del Reino Unido que ganan más de £ 12,570 deben verificar sus códigos fiscales para evitar pagar impuestos en exceso o insuficientemente debido a errores comunes.