The short series of letters and numbers will determine how much money you get, and it is up to you to check
MoneySavingExpert founder Martin Lewis has urged people across the country to make 10 checks on taxes from HMRC and benefits from the DWP since the new tax year started on April 6. In the latest MSE newsletter Martin and his team detailed 10 groups of people who need to make sure they claim what they are owed - and don't pay more than they should.
Among the 10 changes, people who are employed will now be paying less National Insurance. You can work out how much using the MSE Income Tax and National Insurance Calculator. And people across the country will be issued a new tax code at the start of the year.The team said: "Your tax code is a series of letters and numbers which tells your employer or pension provider what tax to deduct.
The third check is for parents who are being told to urgently check if they are among the hundreds of thousands of families benefitting from the cut-off point for Child Benefit being raised. The first changes since 2013 mean you can now get full Child Benefits even if you earn £60,000, and some benefits even if you earn up to £80,000. Full details are here.
MSE has reminded first-time buyers aged 18 to 39 they can get a free £1,000 by putting money into a LISA savings account. The Government will top up whatever you save by 25%, up to £1,000.People who are married or in civil partnerships could be entitled to up to £252 this tax year thanks to the Marriage tax allowance. And everyone is being urged to see whether they are entitled to claim anything from the DWP using the MSE 10-minute benefit checker.
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