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Cutting tax

Archives for February 2005

Tax reliefs for employees?
I am thinking of asking for tax reliefs on the subscription I pay to my professional body (£80), after having read http://www.adviceguide.org.uk/n6w/index/life/tax/tax_reliefs_excluding_self-employed_people.htm#reliefsforemployees: "[…] fees and subscriptions to professional bodies which are either necessary for you to…
Tax Refund with partial JSA
Hello forum, I have been reading about taxes and allowances etc., and I came up with some calculation, but I am not sure about a number of issues... My circumstances: During the 2004-2005 tax year I have been on Job Seeker's Allowance 05/04/2003 - 17/02/2004. I then started working at a rate of £28000 PA gross. Following…
second job
I hoped someone might be able to steer me in the right direction. I currently have a full time job (35 hours a week) and earn enough to be in the 22% tax band. I need to increase my income. Overtime isn't a possibility as it is not offered at work. I am considering taking on a ssecond job on a part-time basis. What would…
Disappearing threads on this Forum!
I have started at least three thread on this forum over the weekend - but all have disappeared. Where are they and all the others that have 'disappeared'?
Income tax/tax credits
I'm just about under the limit for paying income tax. Last year I'd earned enough to just about pay tax but this year its looking like I won't reach the limit. I haven't got any savings as such (spent what I had at Christmas) but hope to start an account, saving a little, regularly, each month. Will I be able to claim the…
Stop at home Mum - Tax Allowance
All, My wife is to be a stop at home mum now that we have 2 children, there is a slim chance she may return to work but only doing one day week from September so should only earn approx 2-2.5k a year. What can I do to avoid wasting her personal tax allowance. I know this is a highly campained for area which basically…
Refund pay-as-you-earn
I'm a student and do not earn enough to have to pay tax on my income. I have been doing some temporary work in the library for my university, and on my pay slip it appears they have been deducting tax, which I would like to try and get refunded. Should I assume it will get sorted out automatically, or is there any…
Chargeable Gains on Investment Bonds
No longer wish to disclose personal information
IHT documents - How long to keep?
Post deleted
Discounted Gift Trusts
No longer wish to disclose personal information
Tax On Share Dividends
As far as I understand, share dividends are taxed at 10%, regardless of whether you're otherwise paying income tax, or what rate you pay it at. Am I correct in undestanding that, as a non-income taxpayer, I still pay the 10% tax on dividends and can't reclaim it?
Tax Relief
My wife has undertaken a professional course at her own expense (£850) can she claim tax relief ?
Is maternity pay tax-free?
My wife is expecting to go on 6-months full pay maternity leave - is this reduced tax or tax free?
Can I claim Tax Relief for working from home?
My situation is that I'm employed and I work from home, but that's because I prefer not to travel 200 miles (round trip) each day to an office, so I'm happy & my employer is happy as they don't have to provide office space for me ... but they do supply me with a company car :D for when I do have to go to meetings :( . If…
CGT versus IHT???
Hi I wonder if anyone can give me any input for the following scenario? My mother owns a large victorian house that has been converted into 4 self contained flats. A sitting tenant resides in one flat. My mother lives in one flat. The remainining two flats are rented out to tenants. 3 of the flats have been declared as an…
Paying tax on joint pension
Hi have we any tax expert here please? My husband and i parted in 1998 and we ahd an amicable arrangement we pooled our pesnions and split them down the middle. The whole amount was paid into my husband's bank account and hr then transferred half to me monthly. We have been paying tax on this eversince and the tax man said…
Investing Equity
Hi All, This september my wife is hopefully able to take a course ( Hons Degree ) which will enable her to earn a lot more money than she can with her current qualifications,the course is 70 miles away from where we live,so we are hoping to sell our house,invest the money,and rent for a while (6-12 months) until we find…
Useful Tools to Help With Taxes.
Hope this helps... Tax Code Checker Payslip Checker Company Car Calculator Spikey
student paying toax on income
ok i know i dont have to pay tax on approx first 4500 i earn in a year, but the company i worked for last summer had to tax me and i have to wait til the end of the year to get it back as far as im awar. Is this true? I need help on getting this tax back. How do i go about getting this tax back now? thanks in advance for…
Do you pay CGT on 125k property?
The probate for the property was given in March 1998, however it didn't have price of property included. We've sold the property in 2004 for 125k divided between brother & sister, as the probate does not include the value of property how do we calculate the profit to pay CGT? The accountant asked me to contact the…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Cutting tax

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