1382M

1382M is a common tax code for people who have taken advantage of the Marriage Allowance for the 2024/25 tax year.

What does it mean?

Nearly everyone is entitled to a tax-free personal allowance, which means that a certain amount of your earnings each year are paid to you without being taxed. For most people this amount is £12,570.

If your husband, wife or civil partner earns less than this, the Marriage Allowance allows them to transfer 10% of their allowance to you. This increases your tax-free earnings, meaning as a couple you don’t lose the benefit.

If your tax code is 1382M, it means that your partner has transferred £1,257 of their personal allowance to you, giving you a total tax-free allowance of £13,827.

It is given to you in equal portions throughout the year according to your payment frequency. For example, if you are paid weekly, your allowance is equivalent to £265 per week.

With this personal allowance, your earnings will be taxed as follows:

If you live in England, Wales or Northern Ireland

Any earnings over and above your personal allowance will be taxed as follows:

• 20% on earnings up to £37,700
• 40% on earnings between £37,701 and £150,000
• 45% on earnings above £150,000

If you live in Scotland

Any earnings over and above your personal allowance will be taxed as follows:

• 19% on earnings up to £2,306
• 20% on earnings between £2,307and £13,991
• 21% on earnings between £13,992 and £31,092
• 42% on earnings between £31,093 and £62,430
• 45% on earnings between £62,431 and £125,140
• 46% on earnings above £125,140

1382M is a cumulative tax code, which means that if you return to work after a break or if you start working part-way through the tax year, your tax-free personal allowance will have been building up and you may pay less tax for a while.