Tax Return oap

kjmtoday

Hi

My mother is 71 yrs old and has received a self assessment from HM revenue.

Does she need to to this: She receives state pension £118 per week and then private pension £52.90 per month, she has 49 k in savings.

The accountant wants £150 to do this for her, does she need to do this what happens if she doesnt? I have heard that sometimes they can get tax back if they get accountants to sort out?

thanks for any help

seven-day-weekend

If she has areceived a self-assessemnt form she will need to fill it in, but as far as I know all she will have to put on it is what you have told us here - i.e. tell them she receives the State Pension and the amount, and the private pension and the amount, and any interest from savings.

If this is her only income that is all you will have to put on the appropriate section of the form.

I personally would not employ an accountant for this, however that is a choice your mum has to make.

kjmtoday

thanks for reply.

I have printed form off internet I will fill in for her.

Accountants £150 its very easy to do ...

sonicshelly

Hi I was about to post a similar question as my dads partner is 62 and only claims state pension of £120 a week. She has also received a tax self assessment form. She has not worked since 2001 due to illness anyway and never received one of these.
The only thing is when she was 60 she cashed in a lump sum pension which after she was taxed on it????? she had about £3000. But this was 2 years ago.
Why has she received this, we are confused?
Thanks

seven-day-weekend

sonicshelly wrote: »

Hi I was about to post a similar question as my dads partner is 62 and only claims state pension of £120 a week. She has also received a tax self assessment form. She has not worked since 2001 due to illness anyway and never received one of these.
The only thing is when she was 60 she cashed in a lump sum pension which after she was taxed on it????? she had about £3000. But this was 2 years ago.
Why has she received this, we are confused?

Thanks

Because they don't know whether she has any other income other than her State Pension. They have sent the self-assessment form so that she can declare all her income.

If all she has is State Pension, that and interest from savings is all she will need to declare.

They probably won't send her another one if that is the case.

Be_Happy

As an OAP I received a Tax form last year shortly after the end of the Tax Year. Although this asked about my small pension earnings and savings interest for the year it was NOT the large Tax Assessment form, so perhaps this is what is being received here.

I think the letter with it said something to the effect that they were checking whether I was due a tax refund.

sonicshelly

Thanks for the answers - much appreciated.

Mikeyorks

kjmtoday wrote: »

thanks for reply.

I have printed form off internet I will fill in for her.

Accountants £150 its very easy to do ...

Unless her £49k savings is mainly ISA ..... she's probably entitled to a refund of most of the tax deducted in 08-09 as her income is less than her allowances (and she has access to the 10% Savings rate)? And, with rates having dipped .... is probably entitled to file an R85 for gross interest in 09-10?

If you post her interest earned / tax deducted for 08-09 (and a reasonable estimate for 09-10) ...... happy to give you a definitive answer.

Mikeyorks

Be_Happy wrote: »

As an OAP I received a Tax form last year shortly after the end of the Tax Year. Although this asked about my small pension earnings and savings interest for the year it was NOT the large Tax Assessment form, so perhaps this is what is being received here.

I think the letter with it said something to the effect that they were checking whether I was due a tax refund.

More likely a P810 than the short SA Return ....... if the tax due on your State Pension is being collected by reduction of Coding?