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google sheet for take home tax calcs
I've put together a spreadsheet for PAYE take-home calculations - I needed it to for cross-checking my numbers elsewhere. I'm using it plug in numbers and check if the two agree, if not then it helps me flush out issues. What's in it - 2025/26 and 2026/27 (covers the Plan 2 student loan threshold change) - Difference…
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Lump sum payment of a cashed-in small pension - how will they tax this?
I currently get a very small monthly dependant's pension and have received an offer to exchange this for a taxable lump sum payment. I can work out the probable payment after the basic rate 20% income tax and it would probably be equivalent to 14 years of the current monthly pension. My only concern is that this lump sum…
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Tax on winter fuel allowance
Hi everyone. I've just done a draft self assessment for 25-26. I receive state pension, private pensions and rental income and have received winter fuel allowance. I'm over the limit for the WFA and it's included in my income. All fine, and I agree all calculations for income, BUT… the WFA is included in the figure to be…
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Is it possible to ask HMRC for tax codes to be changed?
Hi TL;DR : The tax codes HMRC are using for my wife seem sub-optimal. Is there any point suggesting that others would make more sense? Details My wife has a couple of pensions and takes money from a SIPP once a year. Altogether they are just over her annual tax allowance. She also occasionally invigilates for a few hours a…
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Joint landlords: agent report to HMRC of rent received
Hello, together with two relatives I rent out a small holiday let. The letting agent has sent to HMRC a report of rent and commissions etc - but it has sent separate notices for each owner with each owner showing the full amount of rent received. Is this the correct way of reporting as there is no indication on the agent's…
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Marriage Tax Allowance Code Change for 2026/27
The HMRC backlog in processing marriage tax allowance claims by post means that our claim posted at the end of March 2026 won't be resolved until February 2027. Should we apply separately online for a tax code change for 26/27?
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Help Surrounding business mileage rates
Firstly, I am not sure if this is the right section, please let me know if there is a better suited place. I am looking for advice surrounding the amount per mile that I should / can receive from my work place. Useful back ground information : Receive a car allowance Using own vehicle All mileage is claimed as home is…
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Most tax-efficient way for shareholders
Hi everyone, I’m looking for some guidance on the most tax-efficient way to remunerate the owners of our company for the 2026/27 tax year. I’ve recently become a director, and our shareholding is split as follows: • Director A (Me): 35% shareholding • Director B (Partner): 51% shareholding • Shareholder C (Partner’s Wife):…
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Chargeable gain event - reporting to HMRC
Can anyone help? I will have a chargeable gain event soon when I cash in an inherited bond, by using top-slicing this will NOT take me above the basic rate tax threshold so according to a financial advisor there will be no tax to pay. The financial advisor says no need to report to HMRC via self-assessment (I have never…
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Have I misunderstood the 'marriage tax allowance'?
As above When I was completing our online tax returns last night, I looked into the above. Therefore, the benefit of marriage is - saving about 200 in tax a year
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Would you (should I) take a CGT hit?
OH and I have £130k of unwrapped HSBC FTSE All World Index, bought around 215p and now trading at 303p. We've been selling enough each year to use our CGT allowance but (nice problem to have) the paper gain keeps rising. Would you (should I) take a CGT hit and make larger sales? Assume I can reinvest it tax-wrapped (I…
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Self assessment form advice
My friends 87 year old mum has just received a self assessment form, I'm trying to help but unsure if you just half the savings interest if it's a joint account - sorry if that's a silly question. Also, do you mention the banks dividend payments? Thanks
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Taxable benefit - expense claimed in next tax year
Just wondering how (if at all) a taxable benefit (monthly phone bill) works when it is claimed in the subsequent tax year. For example say I pay my phone bill personally to my provider on 1st April 2025 but I don't expense it at work until 7th April 2025 and don't get paid by work until 12th April 2025. Which tax year…
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Self Assessment - total income
Just submitted my 2025/6 self-assessment. I noted that my personal pension gross amount is shown in the HMRC calculation which takes me over the £35k threshold for total income (and hence questions about heating allowance claw back). I expected my total income to include what I actually received from my person pension i.e.…
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Self assessment 2024 to 25 late
I recently received a letter stating I need to complete a self assessment tax return. Never done one before and always been PAYE I have registered and .logged in to see the return is flagged as late and a warning of penalties and file now message. Also file within 3 months of date of the letter. How can it be late if the…
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Tax Return / Gov UK registration without photo ID
An elderly relative has been asked by HMRC to complete a tax return for 24/25. She has significant savings with associated interest income. She hasn't had to do a tax return before, but they've sent her a UTR number that she'll need. But first, she'll need to create a Gov UK One login, which requires photo ID, but she…
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How do I get the section on Trusts to show up on my online tax return?
Just filling in my tax return for 2025/26 but I received income from my father's estate after his death. I can't seem to find the relevant section on the tax return.
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Winter Fuel Payment charge?
Hi, I have an entry under Deductions for current tax year ends 5th April 2026 which I don't understand. "Winter fuel payment charge - based on a charge of £(0)" £968 I expected to repay my WFA as income over the threshold, but it wasn't £968…..
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Undeclared property Tax - Query
Hi Long story cut short but through naivety and family information I did not declare income tax on a property that is owned by me legally. Although my parents manage and receive the income for the let. I received a letter last year from HMRC about this and co operated fully. Supplying all the info along with information…
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Salary sacrifice vs deduction at source - query
Hello all, new here so hello to you all I have a question that I have been struggling with for some time, having moved company 18 months ago and gone from salary sacrifice to paying into my pension after PAYE has been deducted. I have always read that making payments into a pension after tax is broadly the same for tax…
