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Letters in your tax code refer to your situation and how it affects your Personal Allowance. Letter What it means L You’re entitled to the standard tax-free Personal Allowance M Marriage Allowance: you’ve received a transfer of 10% of your partner’s Personal Allowance N Marriage Allowance: you’ve transferred 10% of your Personal Allowance to your … Continue reading
For households in which no one earns over £50K per annum, this is not a question worth answering because the child benefit tax charge (introduced in 2013) doesnt apply. If, on the other hand, you (and/or your partner) are lucky enough to earn over £50K, you already know that one of you must pay the … Continue reading
Phoenix Debola 