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My tax code changed from........

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
dman89
Posts: 59
Joined: 14 Apr 2011, 23:19
Gender: Male

My tax code changed from........

Post by dman89 »

747L TO 759L WHAT does this mean :crazy: :crazy: :shock: :shock: :shock: :shock: ????
wayoutman
Posts: 238
Joined: 02 Jun 2011, 16:44
Gender: Male

Re: My tax code changed from........

Post by wayoutman »

you pay less tax.
dman89
Posts: 59
Joined: 14 Apr 2011, 23:19
Gender: Male

Re: My tax code changed from........

Post by dman89 »

:nana :nana :nana :nana :nana
dman89
Posts: 59
Joined: 14 Apr 2011, 23:19
Gender: Male

Re: My tax code changed from........

Post by dman89 »

u sure
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POSTMAN
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Re: My tax code changed from........

Post by POSTMAN »

Uniform cleaning allowance.

Normal should be 0747l so you've got the cleaning allowance.
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
mazza111
EX ROYAL MAIL
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Re: My tax code changed from........

Post by mazza111 »

an extra £12 in ur pocket each yr =]
dman89
Posts: 59
Joined: 14 Apr 2011, 23:19
Gender: Male

Re: My tax code changed from........

Post by dman89 »

cleaning allowance?
Hitcher
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Joined: 20 Sep 2009, 09:59
Gender: Male

Re: My tax code changed from........

Post by Hitcher »

You've got to be clean for the public.
Straight4ward
EX ROYAL MAIL
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Joined: 25 Oct 2009, 14:32
Gender: Male

Re: My tax code changed from........

Post by Straight4ward »

cleaning allowance?
Yes, under the new agreement "to maximise our productivity and diversify into new areas",

we now walk around with broom shoved up our arse, sweeping as we go. :whistle
"Never take life seriously. Nobody gets out alive anyway."
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POSTMAN
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Re: My tax code changed from........

Post by POSTMAN »

dman89 wrote:cleaning allowance?
LOL For your uniform.
The code is correct.
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
TrueBlueTerrier
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Posts: 72725
Joined: 30 Dec 2006, 10:29
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Location: On my couch

Re: My tax code changed from........

Post by TrueBlueTerrier »

mazza111 wrote:an extra £12 in ur pocket each yr =]
No extra £120 - The easiest way to work out your tax allowance per year is to add a 5 onto the Number.

So the OPs is allowed to earn £7595 before paying tax on his earnings.

The different letter codes:



Letter = Reason for use

L = For those eligible for the basic Personal Allowance - 747L for the 2011-12 tax year. It is also used for 'emergency' tax codes

P = For people aged 65 to 74 and eligible for the full Personal Allowance

Y = For people aged 75 or over and eligible for the full Personal Allowance

T = If there are any other items we need to review in your tax code, for example the income-related reduction to the Personal Allowance (read more in the section 'Effect on your tax code if your income is above £100,000').

Tax code ‘0T’ means your allowances have been used up or reduced to nil and your income is taxed at the relevant tax rates.

K = When your total allowances are less than your total 'deductions' -


BR = Is used when all your income is taxed at the basic rate - currently 20 per cent (most commonly used for a second job or pension but may also be used if you’ve started a new job, don’t have a form P45 and haven’t completed a form P46 before your first pay day)

D0 = Is used when all your income is taxed at the higher rate of tax - currently 40 per cent (most commonly used for a second job or pension)

D1 = Is used when all your income is taxed at the additional rate of tax – currently 50 per cent (most commonly used for a second job or pension)

NT = Is used when no tax is to be taken from your income or pension
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RobertT
EX ROYAL MAIL
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Joined: 09 Sep 2007, 14:26
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Re: My tax code changed from........

Post by RobertT »

An increase of £120 per year on your tax code means you pay £24 per year less tax - 20% of 120 = 24.

So you are £24 per year better off.
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dvbuk55
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Re: My tax code changed from........

Post by dvbuk55 »

Wow 50p a week, dunno where I can get a cleaning lady for that money. :sad:
dman89
Posts: 59
Joined: 14 Apr 2011, 23:19
Gender: Male

Re: My tax code changed from........

Post by dman89 »

i normaly get taxed about 15 quid if i dont do OT so what would my tax be now? :crazy:
Stormproof
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Joined: 07 Jul 2007, 21:03
Gender: Female

Re: My tax code changed from........

Post by Stormproof »

Hitcher wrote:You've got to be clean for the public.
Got a few at my place that obviously don't know that :Sick
So keep on moving, moving, moving your feet
Keep on shuf-shuf-shuffling to this ghost dance beat
Just keep on walking down never ending streets


Illegitimi non carborundum