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Help with tax code

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Just started a new job a week ago and have been on benefits since january (lost job then went to income support as I was pregnant) and have just received my first payslip which states that my tax code is 0T. I've had a peek on the internet and it says that this tax code is usually for people who have used up their personal allowance for the financial year. I'm confused as like i said I was on benefits january - last week and also the percentage they have taken off is 20% which seems a bit high so am I jusyt on emergency tax because they haven't processed my p46 yet? please help I am very confused and I am wondering if this 20% is going to be taken off every wage

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Hi BS,

 

The tax code OT means you are paying basic rate tax om All that you earn for now. But once you get your proper tax code through, any tax that you overpay now will be refunded.

 

Also, when your tax code is sorted, you'll pay less tax each week or month.

 

Have you filled in your section of a P46 and has your new employer sent it off to HMRC ?

 

:-)


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