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Nottingham Post
Nottingham Post
World
Zahra Khaliq & Joshua Hartley

Martin Lewis explains why 'X' on your pay slip could be costing you money

Martin Lewis has warned workers with an ‘X’ on their payslips to ensure they are on the right tax code. On his ITV Money Show Live, the finance expert answered a question from viewer Tina, who said she had been overtaxed and wanted to know if she was entitled to a tax rebate.

As reported by the Mirror, Tina said: “I’m on a 16 hour contract, and last month I did lots of overtime. I was put on the basic rate temporarily and overtaxed by more than £800.

“My tax code is now back to 1257L, but I’m short £500, worrying about money. Will I get a tax rebate?” Martin directed the question to tax expert Rebecca Benneyworth, who said: “It depends whether she’s on a Month One tax code or not. Month One is often referred to as Emergency Code.

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