Workers should look out for three pay slip letters that could affect their wages

Workers should look out for three pay slip letters that could affect their wages View Image

Workers across the UK could be at risk of not being paid the right amount due to their tax code. Everyone who receives a wage and pays tax in the UK is issued a special code that helps to determine how much tax they should pay.

This code, which is generally made up of a set of letters and number, also helps to indicate your tax-free income allowance for the year. While there are a number of standard tax codes for most workers, there are also three specific codes that are provided in an emergency.

If your payslip has a tax code that ends in W1, M1, or X, then you're on an emergency tax code. Generally, a W1 tax code is for when you're paid weekly, while an M1 code is for when you're paid monthly