What does the tax code 0T CUMUL mean please??

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Bud is a bit out of date. Code OT now means 20% is deducted. Last year it would have meant that you got all the lower rate band (10%) at that source of income, but since that rate is abolished codes 0T and BR have the same effect, a straight 20% deduction. If this is not a second source of income, you need to contact tax office to get correct code number sorted out. more
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