We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Cutting tax

Archives for November 2018

Receiving wealth from non-EU family
Hello all, My wife originally comes from China but is a UK citizen living here full time in England, and her parents have an amount of wealth that they want to transfer to her. This wealth arises from a property that they have just sold and it results in over £200,000 that they wish to pass over to her. I hope its ok to…
Employer sent updated P11D in Nov
Hi, my employer has sent in a revised P11D on 7th Nov stating it was now £6,541 when in July the P11D sent to me had it as £5,814. HMRC have now reduced my tax code to be 413LX when it was 605L. As a consequence I am now having to make up payments going to back April 18 to make up the shortfall of £1,775. Does anyone know…
apologies - please delete
sorry please delete
Income Tax for late Mother help please
We have been told, by the solicitors, that £180+ income tax is owed on my late mothers income. I want to dispute that but needed to check first that my calculations are correct. Earnings from state pension for 2017/18 £8108 Income from Attendance Allowance 2017/18 £4108 Income from savings 2017/18 £2,200 (or there about)…
Expat retiring to UK
After working abroad for 30 years I will be retiring to the UK, do I formally have to notify HMRC that I’m back?
Underpayment of tax
Back in June I got a letter from HMRC saying I had over paid £3313 tax for 17/18 and that I was due a refund which I was over the moon about, months before I had downgraded my company car which was an high emissions car to a electric car so assumed it was to do with that. This week I got another letter from HMRC saying I…
Tax bill payment terms and dates question
Hi all, I have a hopefully simple question about tax bill payment dates Tiny bit of context: I have always worked PAYE, but quit my last job in mid August to move across the country. I have a property which I rent out, and pay a separate self-assessment tax bill on it. The bill for 2017-18 came in at around £1300 and is…
Council Tax
I moved house in September into a different council tax area. I told my previous council that I was moving as well as my new one. I never received a bill from my new council and therefore haven't paid. (I hadn't realised I hadn't paid until today). I just spoke to them on the phone and they said I owe £801.57. Which will…
Paying tax on dead partners private pension
Hi, My father passed away several years ago at age 49. He had a private police pension that now goes to my mum, however by taking this pension it pushes her into the 40% tax bracket. If my father were alive still then obviously the pension would go to him leaving my mum out of the higher tax bracket and he only would pay…
Tax underpayment
I have been notified of a tax underpayment for year 17/18 (just over £2k). I have questioned how this could have happened given that PAYE is applied by my employer based on coding information given to them by HMRC. I wrote to HMRC to seek clarification. In reply they tell me that they amended my tax code based on an…
Tax bracket
On my pay slip there is taxable pay and Gross pay. Which should I use to calculate if I move into the next tax bracket? Thanks
Property tax allowance
Hi Ive started renting a property to a tenant. If I claim the £1k tax property allowance, does that mean I cant claim expenses (insurance, maintenance work etc...)? If its one or the other, do landlords usually wait til the end of the tax year and work out which is greater (expenses or tax allowance) and claim whichever is…
Tax return - including pay from employment
I am filling in a tax return for the year 2017-2018. During this period I was EMPLOYED up until 31/06/2017. Between 01/07/2017 and 05/04/2018 I was SELF-EMPLOYED. For my employment, I was paid and taxed via PAYE. I have input these amounts in my tax return as follows: - Pay before tax: £9224 - UK tax paid: £1212 For my…
Claiming gift aid for previous years
I've always signed the forms but never claimed the difference between the basic and higher rate, although always been advised to. If I did would it mean re-doing historical self assessments with different info ? Is there a limit ?
Single person discount council tax review
Hi Lets say i applied and gotten single person discount from 2013 till 2014. After 2014 I changed my status and cancelled the discount. Do you think it would be possible that now, ( in 2018) the council would contact me to say they were reviewing my discount in 2013-2014. And asking me to confirm my details? Or do councils…
Stamp Duty Help!! - Unmarried Couple - Buying a home
Hello, I am hoping for some factual advice from any legal eagles or finance professionals. I will try and keep to the facts as concisely as possible and if anyone can help or need more information please shout. We are according to UK law, an unmarried couple and are looking to purchase a house which we will move into. I…
Company Mobile & BIK
I have a company mobile phone that is also for personal use and is not considered as a benefit in kind. My employer now wants to charge employees if they exceed a certain data allowance (the company one is a collective limit). Would this have any income tax implications?
Do I need to do a self assessment tax return?
Hi everyone, My wife is employed and pays tax at the basic rate via PAYE. She has recently received money (something like £200) from abroad for examining a PhD thesis. Will she need to complete a self assessment tax return for that £200? If so when does it need to be done? Does it have to be submitted in the 2019-2020 tax…
Personal Savings Allowance £1,000
My wife may have over £1,000 in bank interest but is unemployed. Does any excess interest over £1,000 offset against her personal allowance? If not, is it better for her to invest in an ISA? BL52
Tax back from being a student
Hi, I was wondering if anyone can offer advice on this? From 2007-2009 I was a student doing a course working in hospital. I worked 4 days a week and went to college 1 day a week. I was paid a salary, approx 14k per year for each year. After this I got a BTEC level 3 and NVQ level 3. Someone has recently said that they…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

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
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
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 low-income 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.
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
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
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.

View All

Cutting tax

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Cutting tax

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free