The January blues are coming to an end as we reach the final weekend of the month.
Many people will be relieved as the first payday of the year lands in accounts following an expensive Christmas. Every payslip should include an employee tax code, which indicates how much tax-free income they are entitled to in the tax year.
According to the Government's official website, the most commonly seen code is 1257L. This is used for most people with one job and no untaxed income, unpaid tax or taxable benefits (for example a company car).
