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Week1/Month1 x

  • Member
  • Practice Licence
  • 5 posts
  • # 118472

I have a client with a member of staff he has received a new tax code for from HMRC, as has just reached pension age

All is fine but it's not really clear when it comes to the Week1/Month  indicator: line it has an "X" next to it does this mean he should use Week 1/Month 1 rather than the cumulative Tax code? 

Thank you in advance.

  • Member PM.Dip
  • Practice Licence
  • 67 posts
  • # 118473

Hi Penny,

I found this website that had a good explanation: https://www.litrg.org.uk/tax-guides/pensioners/tax-code-problems-retirement and a simple example.

I haven't had to do in practice myself so I can't offer any personal experience.

Hope this helps

Clair

  • Member PM.Dip
  • Practice Licence
  • 29 posts
  • # 118478

Penny Atkins said:

I have a client with a member of staff he has received a new tax code for from HMRC, as has just reached pension age

All is fine but it's not really clear when it comes to the Week1/Month  indicator: line it has an "X" next to it does this mean he should use Week 1/Month 1 rather than the cumulative Tax code? 

Thank you in advance.


 Hi Penny,

It is an emergency tax code, check this link https://www.gov.uk/tax-codes/emergency-tax-codes

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