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Cutting tax
Archives for September 2009
Discussion List
Pension Tax Relief
I am a higher rate tax payer, but as yet have never been asked to complete a tax return. How do I go about claiming the 40% (well additional 20%) tax relief on my pension? Any advice welcomed - tax can be so confusing. Or can any one advise best place to get this advice ? Thanks
Tax advice - rental property
Hi, I'd be greatful for any advice - I have resently bought a house to rent out. I have funded it through my residential mortgage (it is an offset mortgage at 1% above base rate which I had paid off). So I drew down the value of the rental property and am now renting it out. However, when it comes to my tax return, can I…
Tax assessment Help
I am trying to do my husbands tax returns online without an accountants help. He was PAYE April 08 until October 09 when he was made redundant. He then signed on and recieved nothing from JS apart from a tax refund. When I work out the calculations online they give payment for 2008-09 account due 31 Jan 2010 of £497.80.…
Did I pay too much NI?
After reading advice on this forum, I’ve just checked my P60 to make sure that I paid the right amount of tax last year. I earned £7657 and paid £323 so that looks spot on, however I paid £570.43 in National Insurance. Is that right? Also I did all this work whilst I was a full time student, but it wasn’t limited to term…
Claiming tax back when going to Uni ?
My lads off to uni next week doing the third year of a three years course. He's been working for the last 18 months and since April this year has earned £5800 and has a tax code of 647L. He's been stopped just over £600 tax in this tax year. Now, I know you used to be able to get the tax back right away (as he won't be…
freelancer paying NI
Hi, I have a fulltime job, but have also started doing some freelance. Ive been reading up on tax implications. It seems that I will be paying class 2 and class 4 NI at a set amount of about £35pm. Being a part-time freelancer, do I still need to pay the full amount of NI that a fulltime freelancer pays? I already pay NI…
Self-employed swim teacher
Hi all I hope someone more knowledgable can help me. I am going to be teaching swimming for a club - i am already registered as self-employed as i have worked for them for a while (since april) - but now i have increased my hours from 2 to 7.5 week i am going to take a bit more time to keep records. First off i am very…
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