What does W1 522L stand for as a taxcode?

Question

What does W1 522L stand for as a taxcode?

Answer 1

W1 stands for Week 1 which is emergency tax. To get onto a normal code you need to hand in your P45 to your employer. The 522 is the amount of tax free earnings you are allowed to earn in 1 year before you pay tax ir £5220

Answer 2

I think the 522 is translated into £5220 which is the maximum you can earn before getting taxed, but don't quote me on that.

Answer 3

It means for tax purposes, the first 5220 quid you earn (sorry, no pound sign on my keyboard) doesn't count.