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Top 5 reasons to check your payslip

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For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L. This means people can earn £12,500 tax-free, and only start paying tax on income over that amount. This is another important detail to check on a payslip, as it will impact the NI rate that people pay.

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