It's a simple thing to do but many of us probably don't check whether our tax code is correct as often as we should do. Yet, with the cost of living crisis showing no signs of easing up, now is as good a time as any to do it - as it could see you owed thousands of pounds.
It may not seem important, but a simple visit to Money Saving Expert's 'Tax Code Guide & Calculator' could reveal whether you have been overpaying or underpaying on your tax. Legally, it's up to you to check your tax code's right.
Get it wrong and you can be underpaying £100s or £1,000s, and years later find you're hit with an unaffordable tax bill. Or overpaying, so missing out on money you could have now.
