Millions are missing out on 690 rebate from HMRC but easy tax code check could see if youre owed cash [Video]

MILLIONS of people may unwittingly be paying too much tax, but a simple check can reveal if you’re one of those owed hundreds of pounds from HMRC.

The amount of money deducted from your earnings is dictated by your tax code and if it’s wrong you could be paying too much.

One third of adults who have checked their tax code have, at some point, found it was incorrect, according to research commissioned by Canada Life.

The financial services company’s research, conducted in spring last year, found that (75%) of those who found they were on the wrong tax code had overpaid HMRC by an average of £689.

This meant the collective sum owed to workers was about £5.8billion.

Luckily, checking your tax code is simple and it’s easy to claim a rebate if you have overpaid.

If …