Tax code news — How to claim £689 cash boost and avoid waiting weeks for letter through the post

BRITS could be owed cash worth £689 and you’ll need to check your tax codes to see if you’re eligible.

A survey by the financial services company Canada Life recently revealed 31% of adults have been on the wrong tax code at some point, with the average overpayment worth £689.

Letters from the HMRC will soon be landing on people’s doorsteps to tell them if they have overpaid or underpaid tax – these are known as a P800 letter.

The standard code now and for the past few years has been 1257L, meaning you can be paid £12,570 before tax is deducted. 

If you’re on the wrong code you can contact HMRC on 0300 200 3300 or by sending a letter to the following address, Pay as You Earn and Self Assessment, HM Revenue and Customs, BX9 1AS, United Kingdom in order to get yourself on the correct tax code and collect money that is owed.

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