Tax Code 1257L Meaning UK: PAYE, Personal Allowance and Payslip Guide

Tax code 1257L means HMRC normally gives you £12,570 of tax-free income through your employment or pension under PAYE. It is the standard code for many UK employees and pension recipients during the 2026–27 tax year. The code does not mean all your earnings are tax-free. Income above the available Personal Allowance is taxed at