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Posted Sun, 04 Feb 2024 09:19:37 GMT by
I am a full time employee paying via PAYE and earlier this year I withdrew my pension pot to meet a financial emergency. This put me into the 40% tax bracket. I am struggling to get by now on my monthly salary (my miscalculation of affect) but I need to know if my tax code will automatically return to previous levels in April? My current tax code is K933 and previously it was 125L
Posted Wed, 07 Feb 2024 11:26:34 GMT by HMRC Admin 20 Response
Hi Wayne Henley,
If you have an online account Personal tax account: sign in or set up you can view the code for 2024/25 to check this.
If unable to view online you will need to contact HMRC to review the code.
If your income returns to previous levels for 2024/25 then the code would go back to what is expected unless there is an underpayment being collected. 
Thank you.

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