Tax Code 1257L - What Does It Mean?

Unicorn Accountants18 Mar, 2024Business

Taxation can be complex and confusing. Comprehending tax codes and their implications on your finances is undoubtedly a pain, but is crucial to your financial well-being. For individuals working single jobs, Tax code 1257L has been the most common code during tax year 2023/24. This tax code signifies the tax-free personal allowance of ?12570, which is allowed before you pay income tax.