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The Anatomy of a Tax Code Most codes consist of a number and a letter. The “Big Four” Letters (L, M, N, T) Letter What it Means Why you have it L Standard Allowance You are under 65 and entitled to the basic tax-free Personal Allowance (£12,570). This is the most common code. M Marriage…
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The Three Pillars of the 2026 Reform The overhaul removes the “gates” that previously prevented millions of workers from accessing sick pay. Removal of Waiting Days (Day 1 Payment) Previously, SSP only kicked in after three unpaid “waiting days.” From 6 April 2026, SSP is payable from the first full day of sickness. Abolition of…
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What is the Fair Work Agency? The FWA replaces the fragmented enforcement landscape of the past. It merges the functions of HMRC’s NMW Enforcement, the Employment Agency Standards (EAS) Inspectorate, and the Gangmasters and Labour Abuse Authority (GLAA). New Powers: From “Reactive” to “Proactive” Unlike the previous system, which often relied on disgruntled employees filing…
