Martin Lewis on why you should check your tax code now
Summary
Martin Lewis, a personal finance expert, advises people to check their tax codes. This is important to ensure they are not overpaying or underpaying taxes.Key Facts
- Martin Lewis is a personal finance expert known for giving money-saving advice.
- A tax code is a combination of letters and numbers used by the tax system to work out how much tax a person should pay.
- Checking your tax code can help ensure you are paying the correct amount of tax.
- Overpaying taxes means some of your money could be refunded, but you need to correct the tax code first.
- Underpaying taxes could lead to having to pay more later.
- The advice about tax codes is relevant to people in the UK.
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