Tax code 1257l meaning?
It is the most commonly used tax code for the tax years 2021 to 2022 is 1257L. It’s used for most people with one job and no untaxed income, unpaid tax, or taxable benefits (for example a company car).
1257L is an emergency tax code only if followed by ‘W1’, ‘M1’ or ‘X’. Emergency codes can be used if a new employee doesn’t have a P45
Read More on https://www.gov.uk/employee-tax-codes
What is my tax code?
Use the check your Income Tax online service within your Personal Tax Account to find your tax code for the current year. You can also view your tax code for:
- a previous tax year
- the next tax year
You’ll be asked to sign in with Government Gateway or create an account if you do not already have one.
Once signed in, you can also see:
- if your tax code has changed
- how much tax you’re likely to pay
You can also find your tax code on your payslip or tax code letter from HMRC.
TAX Codes in Short: