Emergency Tax on Your First Payslip? What Students Should Do Next

Your first payslip from a part-time or holiday job arrives, and the tax deduction looks bigger than you expected. Among the details on your payslip, you spot a code such as 1257L W1 or 1257L M1. It can be unsettling when you have only just started earning. Often, though, it means payroll is using a temporary way of calculating Income Tax while HMRC gets the information it needs. Here is how to check the code, put your details right and find out whether you have overpaid. Why your first paysl...

Emergency Tax on Your First Payslip? What Students Should Do Next












Your first payslip from a part-time or holiday job arrives, and the tax deduction looks bigger than you expected. Among the details on your payslip, you spot a code such as 1257L W1 or 1257L M1. It can be unsettling when you have only just started earning. Often, though, it means payroll is using a temporary way of calculating Income Tax while HMRC gets the information it needs. Here is how to check the code, put your details right and find out whether you have overpaid. Why your first paysl...

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