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Brooksdale Ltd ppi
Hi I was wondering if anyone could tell me, if this company can use your information to sell or use it by themselves, when I applied for ppi I changed my mind tried to cancel it but it went throw, three days ago HMRC sent me letter and sending a cheque to brooksdale it is not much £141 they took %48 so I did sent my…
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Marriage allowance/Self assessment
Hi all, Just a quick question, I have just about crept into the HICB tax charge for financial year 22/23 and am familiarising myself with the self assessment. It seems fairly straight forward but on the calculation page the calculated tax due seems a little higher than what I worked out. I think it is because it is using…
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Minimising IHT
Afternoon all, For a married couple with property assets that takes them over the combined £1M IHT threshold, what is the best way to minimise IHT liability? Thus far, my thoughts: Liquidate amounts above £1M (appreciate not that straight forward) and either contribute to personal pension (within allowances) since LTA…
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Confused with this
I am an Ex-Pat Living in Germany, I have never had to do a Tax return for the UK and i have to do a Tax return for 2022 for the UK. I cashed in a UK Pension Fund and Paid Emergency Tax on it, i am totaly lost on what i am doing as it all seems very complicated I do not pay UK Income Tax as i dont work there So here is my…
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Questions on HICBC / Adjusted Net Income
Hi all, I'm looking at the rules for Higher Income Child Benefit Charge (HICBC), which effectively claws back Child Benefit for adjusted net income above 50k-60k. My quoted salary is around £60k, so looking to input money into my pension to avoid this charge back, however I would appreciate some help with the calculations…
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Allowable expenses for online market place
Hi, Are following expenses counted as Allowable expense? 1) Paid online learning platform ( To search product, sourcing product from overseas etc) 2) Product search like junglescout Furthermore, if i loss in 2017/2018, can i offset the loss for 2018/2019 profit ? Thanks
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Income tax whilst below basic rate
Hello, and thank you for any help I might get . Today I noticed on my payslip that I paid roughly £100 on a monthly gross income of £1900 or so that was labelled simply "tax". To this point in the financial year I have made less than £7000 and was under the impression that I would not pay income tax until I was out of the…
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ESPP and LTIP shares from US company in E*TRADE account, questions
ESPP and LTIP shares from US company in E*TRADE
account, questions 1. What’s the best way (tax / fees / exchange
rate efficient) to sell them? 2. What will she need to fill in on a tax
return when it gets to it? 3. Is there anything else in addition to the
info below I need to check/find out to decide on 1 and 2 above? I’m…
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Does this payslip look ok?
I’ve tried online tax calculators and pretty much everything I try says I should get £70 - £100 more in pocket a month.m than what I do. Tax code S1116L salary 3996.40 tax 725.72 NI 353.81 Student loan 169.00 Pension (auto enrolment at 5%) 159.86 Take home 2588.01 Salary calculators seem to get my NI exact to the penny,…
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WFH tax relief - Brookdale
I claimed online through my personal tax account for WFH tax relief for 21/22. I have received a letter from HMRC stating my tax code has changed and payment will be sent to Brookdale, who I have never heard of. Now Brookdale have contacted me and will deduct £17.07 from my £32.83 claim and now require my bank details. How…
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Help with reclaiming tax paid on a NEST pension lump sum please.
Hi all, My wife took her entire NEST pot as a lump sum near the end of 22-23 Tax Year. She is hoping to get a tax rebate asap, although the gov.uk site does say that letters go out from June to end November. She has previously been unable to get through over phone to HMRC, so i tried to help her out via online. Went…
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First time filling in self assesment.
I have recently received a letter from HMRC stating I need to complete a self assessment tax return as my earnings for the year 22/23 exceeded £100k for the first time (only fairly marginally - my p60 states my earnings as £109k for the year). All my income is from PAYE (excluding about £300 in savings interest). I have…
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Rebate from HMRC via refund companies for Tasing uniform, food and travel.
Hi hope this is the correct forum for this question. Ive been emailed from a company called Swift refund claiming they can go back 4 years using my P60's a claim without reciepts for food and drink etc etc. I'm PAYE but wondered if was a thing. Anyone had any results of a refund via this way. Thanks for any replies.
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Import Duty Tax paid / refund process
Hi All I have bought some clothing from an online store abroad and have now returned the items for a refund, the import duty was £99.88. As I have just sent the items back, can I claim a refund for the duty paid, if so..how? Thank you
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Capital Gains Tax calculation on rental property sale
Would someone be kind enough to help me with a capital gains tax calculation on the sale of a house I used to live in, rented out and have now sold. I just want to check I’m getting it right. Period of ownership - 288 months (01/08/99 - 01/08/23) Period I lived there - 107 months (01/08/99 - 01/07/08) Period let - 180…
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Using a family member to help reduce tax bill.
Hi I'm a self employed sole trader. I have some work which a family member who lives with me can do and I can pay them a weekly wage. Can this wage be taken away from how much I earn? I will go pass the higher tax threshold this year. But if I give this work to them and pay them then I will be under the threshold. How do I…
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Covid WFH tax relief
Me and my partner both applied for the above during covid as we had to work from home on limited days. How do we check this relief has been given should we have had something from HMRC can we see it on our tax coding ? We are both basic rate band
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Returning to teaching after taking pension
I retired at 60yrs old, thereby taking my pension and paying off our mortgage (with use of maximum lump sum, via TPS). I have returned to full time work and intend working for a few more years. As a result,(my combined earnings and pension, gross salary, is comparatively large) I am paying a large amount of income tax. How…
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Reducing CGT
I have recently sold a house in July, my gain is £160K, I've looked at calculators and on salary of £46K My CGT is about £40K. Just trying to see how I could reduce my CGT Tax bill or at self assessment and have about a month until i submit. I've put £20K into an ISA. I currently pay into a pension (via my work) If I…
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Government tax receipts on interest being paid this year ??
I am sure I am not the only one, but I now find myself in a position where I will be paying tax on the interest that I now find myself earning from the few quid I have saved. It got me thinking, have there been any think tank thoughts or projections on the amount that the government will get once the tax bills have been…