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Tax codes

  • Student
  • 7 posts
  • # 114743

can someone tell me what TY tax code means please

  • Member PM.Dip
  • Practice Licence
  • 157 posts
  • # 114744

LYNN 26 said:

“can someone tell me what TY tax code means please”

 The T stands for:

T Your tax code includes other calculations to work out your Personal Allowance, for example it’s been reduced because your estimated annual income is more than £100,000

 

Y presumably means yearly - not sure about this one - perhaps you can check with HMRC.

  • Payroll Agent
  • 3 posts
  • # 114835

The Y suffix was withdrawn in April 2016.  It was used for those born before 6th April 1938 as they used to have a different personal allowance.

Kevin

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