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How to not pay tax when not working
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DilbertJones
Posts: 670 Forumite
How do you register to pay no tax on your bank accounts when your not working due to a baby?
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Ask your bank for form R85, I believe your years income needs to be below the tax threshhold for this to apply.
edit: beat me to it Grumbler :rolleyes::j The £2 CSC = £48 in carton£100 banked Mar 06V-Free : 4 weeks0 -
thanks :T0
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Forgot to mention ...
If you paid tax till now and stopped working before the end of the financial year, you could be eligible for a tax refund and can claim part of the tax paid back after April 5, 2006.0 -
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I am a total dimbo at tax and stuff but I got made redundant on 31st December and am planning on taking a year to eighteen months off to try and do some writing (well, I say this but I just want a bit of a sit off and my redundancy will fund it). From April this year as I am not working will I be able to register for no tax on my savings?Jane
ENDIS. Employed, no disposable income or savings!0 -
recovering_spendaholic wrote:I am a total dimbo at tax and stuff but I got made redundant on 31st December and am planning on taking a year to eighteen months off to try and do some writing (well, I say this but I just want a bit of a sit off and my redundancy will fund it). From April this year as I am not working will I be able to register for no tax on my savings?
............Yes0
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