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Self assessment for a UK Citizen who is currently a tax resident in Australia - help needed please
Hi My son moved to Australia on a student visa in February 2025. He has to complete a self assessment for the 24/25 tax year in the UK (we believe there is no income over his personal allowance). Which forms does he need and how can he contact HMRC as the website suggests he needs an alternative form to the UK…
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It's Time To Check Your Tax Codes
It seems that random tax code change season has come round again, a bit late this year, so probably best for everyone to have a quick look. I check mine at least once a week during October / November and today it paid off.Every April I put £2880 into my SIPPEvery April I update that income stream to show £2700 taxable…
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Missed Nationwide payout off tax return
24/25 SA all done and paid including tax on interest. Only just now noticed (remembered) that Nationwide £200 payout to members is classed as interest, so in my case taxable. Would you hang tight and wait or take action?
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Give as you earn scheme
Is it possible to use the Give as you earn scheme to reduce your salary below a certain tax band? For example, if I just fall into the higher rate bracket, can I use Give as you earn so I fall back into being a basic rate taxpayer? Its unclear to me whether Give as you earn is akin to salary sacrifice.
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Claiming Pension Contribution refund 2024/25
My daughter has maxed out her pension contribution to cut her below the £100K 62% killer rate. Her salary was inflated on a one-off basis by a buyout/bonus The contribution was made outside of her firm's salary sacrifice and the pension scheme does not apply the 20% contribution.She's been on PAYE and now and will now need…
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New Tax Code for this year
My 2025/2026 tax code has been updated today. I have just checked on my online tax account and my December payment has already been posted. Therefore the first month that the new tax code will be used is January 2026. My question is will the January tax deduction correct the cumulative tax deduction as if the new tax code…
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Repayment of loan
I lent my friend money to buy a car. She wants to repay it monthly into my bank account, at around £500 a month. I have evidence of the money going out via a credit card payment. Will I be liable for tax on the repayments?
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Guaranteed Rent schemes and Tax Return
Hi everyone. I'll be submitting my self assessment 24/25 tax return before the 31st Jan. I rent a property and used an agent who provided a 'guaranteed rent'. The tenant pays the agent 900 and the agent pays me 720 (essentially paying them £180 per calendar month). Is this tax deductible given I don't pay anything directly…
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Low income and tax code change
Hi, I'm on a low income of around 11K but with the opportunity of earning a small amount extra in overtime so currently don't pay tax. I have some savings and I earn a little over £1000 a year. I was under the impression that because of my income I qualify for the £1000 psa plus the £5000 starting savings rate so I…
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Do you want to pay Class 2 NICs voluntarily? (Self Assessment confusion)
Morning everyone. Just completing my self assessment online for '24/'25. I'm a bit confused by the following page regarding Class 2 NICs. It seems to give contradictory instructions on the same page. It says: "Your self-employment record shows you owe: Class 2 NICs amount: £ 179.40." It then goes on to say: "The amount…
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Tax on state pension
Hi I am new to the Forum and would like to ask for some advice. My wife and I are both on the state pension. I also have a private pension but my wife only has the state pension. A couple of years ago I was advised to claim 10% of my wife's Income Tax allowance this was fine till this year when my wife received a tax bill…
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Tax return queries
I have never needed to complete a tax return (standard rate tax payer and all tax taken through PAYE). According to the questions here Check if you need to send a Self Assessment tax return - GOV.UK, this hasn't changed. However it does tell me here You do not need to send a Self Assessment tax return - Check if you need…
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40% tax rate below £20k
I have discovered a taxation anomaly which could affect
both my wife and me, which results in a tax rate of 40% despite total income
being less than £20,000. The situation arises with interest from savings of £6,000
and, in our case, pension and rental income around the personal allowance of
£12,570. Two simple examples,…
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Stamp Duty
I have never owned my own property, only rented. I may be buying a property soon, for just under £300K. I may purchase the property outright with my savings/Inheritance. My girlfriend owns her own property and will have to sell it before joining me in the new property, giving me half the purchase price and having her name…
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If we sell the business exactly how much Tax do owners pay?
Hi all Asking this for a close family member. Before I start, I fully understand that given the financial amounts included in this thread it would be essential to get proper advice at the time. However, we just want to know now if its worth selling the business, closing the business etc because we have heard loads of…
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SIPP Inheritance & Taxation
I currently have an uncrystalised SIPP and next tax year I will be 65 and my wife will be 75.If I were to die first before I reach 75 then I understand that my wife can inherit the SIPP tax free. However what happens with any remaining SIPP upon her death, will the tax free status be retained or because she is over 75 will…
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Marriage Allowance and Savings
I earn approx £10,500 (from a pension) and my husband earns around £15,000. I am looking at whether it is worth transferring the marriage tax allowance to my husband. This is because I also earn about £2,000 from savings and dividends, taking my total income to around £12,500. I know those on lower incomes get an extra…
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Tax Threshold Freeze Beyond End of Parliament
I'm not looking for any tax savings, I'm just trying to understand the benefit this this government gets by freezing the tax bands beyond the the current parliament to 2031. I assume that they will take advantage of the increase in the forecast revenue beyond 2029 to increase public funding in this parliament, taking…
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Autumn Budget 2025: Martin Lewis' instant reaction and analysis
The Chancellor Rachel Reeves has announced a raft of changes to income and property taxes, cash ISAs, benefits, transport and more in her Autumn Budget today (Wednesday 26 November). MoneySavingExpert.com founder Martin Lewis has shared his instant reaction and explained what the changes mean for you, and we've added more…
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Claiming gift aid tax relief on previous tax year (higher rate PAYE)
Good morning, Before I call HMRC for the 3rd time, can anyone please help by confirming whether I can claim gift aid as a PAYE higher rate tax payer for the 2024/25 tax year? I have been pushed into the higher bracket due to unearned interest. This was by about £1,570. I made a donation of £1,300 to a charity using savings…
