Work out your tax code
Question 3
Will the income you are working out the tax code for be over the current student loan repayment threshold ($18,148 for the period 1 April - 31 March)?
| If ... | then ... |
|---|---|
 |
your tax code is M SL. Write M SL in the circle under question 2 of the Tax code declaration (IR330) form, then give the completed form to your employer. Make sure you complete questions 1-4 of the IR330. You can download an IR330 or complete it online - go to "Forms and guides". |
 |
go to question 4. |
Example
Adam has a student loan and is still completing his degree. He works for 6 weeks during the December and January break. Adam doesn't work at any other time during the tax year.
Adam will earn $480 a week ($2,880 in total for the tax year)
Even though Adam will be earning over $349 per week, he will not earn over the annual repayment threshold for the year. Adam will answer "No" to this question.
Find out more about special tax codes.
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Note
We've provided this decision tree to help you work out your tax code. We welcome your feedback on how useful you found it.
Date published: 01 Jul 2008
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