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Will I be fined for not submitting a SA return when I didn't realise it was needed?
I was just listening to Martin on the podcast when he was discussing SA returns (I'm a few weeks behind). I was surprised when he said in passing that anyone earning over £150k PA automatically had to do one, as I was oblivious to this. I was lucky enough to pass that threshold a couple of years back, but was unaware of…
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VED rates from April 2025 - pre 2017 petrol vehicles
The DVLA site is distinctly lacking in information about pre-2017 VED rates from April. I have a 2015 Hyundai i20 and just want a simple answer to the question 'will my current £35 increase by inflation to around £40 or go up to £195 in April?' Impossible to get a clear answer. Can't anyone help?
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Moving abroad - How to avoid UK tax residency in 25/26 tax year
Hi there, Mostly active in the Banking & Borrowing area of the forum but hope some tax wizards can help. Planning on moving but getting completely confused by the UK Statutory Residence Test. I essentially want to know by when I have to be leaving. Clearest cut would be to have left the UK by 5th April 2025 and rental and…
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Understanding Tax code/net pay
Wonder if someone can explain this to me please - tried getting through to HMRC on the phone, but was on hold for 30 mins only for the line to cut off Previous months Gross pay£3,333.33Tax paid£384.00Net pay£2,599.83 Tax codeC1495L This month Gross pay£3,753.33Tax paid£893.40Net pay£2,476.83 Tax codeC1263L Obviously there…
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Tax Code Issue
Hi, are there any tax code gurus on here please? My tax code for 24/25 was changed to 1147L because apparently I underpaid by £800, however, I've now received another tax code dropping my allowance for 25/26 to 927L because I still owe £659! I don't understand why as surely reducing my allowance by £1100 has covered this?…
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Calculating how much I can pay into extra pension to avoid paying Income tax?
Having just got my State Pension I find myself looking like I'll be paying Higher rate tax this year. I'd like to avoid paying higher tax and tbh, as I have state pension now, perhaps I can pay more into a Pension plan to avoid paying any tax. I have a Works pension, small amount of PAYE and work Self employment. 24/25 tax…
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7 year rule for gifts given while a non UK resident.
I don't live in the UK, but have been making gifts to UK resident family members for a number of years. If I move back to the UK will HMRC apply the 7 year gift tax rule to gifts I made while a non-UK resident?
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What do i need to do to pay NI for pension?
Received these in the post, whst do I need to do to ensure my NI payments are done for my pension? t
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Tax code change - incorrect savings info?
I've had a tax code change due to information from my bank about interest on savings. The HMRC amount of interest listed is way more than what I've actually had, I've been through my account and it comes below my allowance. How do I alter this? Is there somewhere I can see where they got their interest information from? I…
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Council Tax and Annex Query
Hi, I bought a property recently that has a self contained building / annex with living area/ bathroom & kitchenette in the garden of the property. We use it as a games room. A couple of months after moving in I was advised by the the Valuation Office Agency that the property had been revalued and that the annex was now…
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They're taxing me for an amount owed from 23/24 when I already paid it...
Hello good people, This seemed the most appropriate place for my question which is that a few weeks ago I got a notification from HMRC of a change of tax code. I logged in and discovered that I owed a small amount (£248) for the tax year 23/24 which I then paid (on 10/2/25) in full. It now turns out that they have applied…
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Scenario cgt tax help please
Hello I current own half a property worth 250k approximately and i have a joint mortgage with about 107k left. I may shortly receive an inheritance of a house worth about 240k. If i sell the the mortgaged property to go and live there which i have lived in for 7 years and pay off the 107k will i be liable for anything?…
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Income Tax and Pension Contributions
With my gross income, I would be just over the £50,270. I had thought that if I put into my employee's pension so that I would be below this rate, then I wouldn't become a high tax payer. However, I just been sent an e-mail saying that my tax band is being adjusted and after logging into my HMRC account, it is because they…
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Relationship between Council Tax on "Second Home" & Capital Gains Tax exemption on "Main Residence"?
Bit of a long thread here, but bear with me: * My wife and I each own a home (mine is in London, hers is on the coast a few hours from London), both of which were purchased before we married a couple of years ago. * As a married couple we understand that we can only declare one property (for the purposes of capital gains…
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Do you pay NI when self employed and retired?
Hi guys, I've been getting my public sector pension for 11 years and am now approaching my state pension age of 66. I haven't had to pay NI since retirement, and I have to buy back contributions as I haven't been able to work since my early retirement, due to ill health. But, for the last 6 years I have been self employed…
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What is the best tax options for savings
Hi everyone I have £90 k in savings and I am looking for the best savings products to avoid or minimise the amount of tax that I have to repay, I appreciate your help. Alan
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Salary Package Advice
Dear Forum, Interested to know everyone's thoughts on how best to maximise monthly take home pay based on the following; Location: ScotlandBase Annual Salary: £95000Monthly Car Allowance: £535Annual Bonus: £20000 (Paid as a lump sum in May) What is the best monthly pension contribution to make to maximise take home pay,…
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HMRC Previous Year Tax Checker Tool - Incorrect Results
Hi all, hopefully this is in the right place on this forum. Like many people I have yet to receive my 2023/24 Tax Assessment from HMRC into my online tax account. I am expecting I will need to ring them to sort it. To inform that conversation, I used their official online calculator to work out an estimate of what I might…
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Moving into 40% tax bracket & pension relief
Hi. Likely to be moving up a tax band shortly. Only ever paid basic rate before so just curious how this will work with my pension contributions. Pension is deducted from wages and comes off my gross pay. I understand that 40% tax is only due on the wages above the threshold. When it comes to pension tax relief does the…
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Inheritance tax
Can I gift £3000 each to my daughter and her husband within the annual exemption rules for IHT,
