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Daily Mirror
Daily Mirror
Business
Ruby Flanagan

The 'tax code trap' that could lose you thousands of pounds if left unchecked

You could potentially lose thousands of pounds by being in the wrong tax code - so what should you be looking out for?

Every year, millions of pounds are lost due to tax code errors as many people in the UK are unaware of what their tax code actually means.

In fact, online search analysis collected by Moneyzine, shows that the question “what does my tax code mean” was recently the highest it’s ever been in the last five years.

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