The new tax year began on Wednesday 6th April 2022 and if you are employed on a full or part-time basis, or you receive a private pension, you will receive a tax code notice each year.
You should have already received your new tax code via letter from HMRC, although if your circumstances have changed over the past year such as moving jobs or claiming certain benefits for the first time, these may not be completely accurate.
Do you know what your tax code is? Do you know what it means? And do you know if it is right?
Helen from Insight Finance Solutions urges you to check your tax code as it could be costing you thousands.