James Bowtell
Joined: 3/12/2024
-
Tax code change
My tax code has changed from C1265L to C1052L I started 23/24 with two jobs, my main job paid £45,345 (11.6% pension deduction) with a tax code of C1265L and my second part time job paid £4256 with a tax code of CBR. During the year, my gross salary on my main job reached £51,706 still with a tax code of C1265L. I have now received the usual letter from HMRC for the upcoming financial year 24/25 stating my tax code will now change for 24/25 financial year to C1052L, because of less adjustment to rate bands of £2128. They have estimated my salary on my main job to be £49,743. Is the new tax code of C1052L correct? Thanks in advance.