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Andrew Baker(baktax)
Andrew Baker(baktax), Personal Tax Adviser
Category: UK Tax
Satisfied Customers: 756
Experience:  35+ years experience in income tax, CGT, non-residence
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what dose the tax code k4 represent and what percentage of

Resolved Question:

what dose the tax code k4 represent and what percentage of tax do i pay if any
thank you
Submitted: 6 years ago.
Category: UK Tax
Expert:  Andrew Baker(baktax) replied 6 years ago.
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XXXXX XXXXX (baktax) :


JACUSTOMER-hd648thd- :

hi i understand you have an answer for me about the k4 code which replaced the my 578L code

XXXXX XXXXX (baktax) :

A K code means the deductions in your coding exceed your personal allowances of £6475, therefore as well as paying 20% on your earnings/pension that the code is operating against, 20% tax is also being collected on the excess . A code of K4 indicates the excess in your circumstances is about £50 ie the last digit "0" is taken off and the "5" is rounded down to "4" ie K4.

JACUSTOMER-hd648thd- :

thank you for the information given

XXXXX XXXXX (baktax) :

No problem. Please "click" the accept button. Thank you Kind regards Andrew (baktax)

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