Tax return questions

saraburke

Apologies if the answers to these questions are on the board; I've had a quick look but haven't found anything obviously matching.

In a fit of being grown up I decided to do my own return for the first time this year. Obviously, there's now a week to deadline and I'm still waiting for my log in thing from HMRC (and I'm ignoring the possibility that it won't work when it does turn up :mad:)

I've just had a look online to check that I've got everything I need together so I can get on with it when it does arrive but I can't see anything that tells me if I need to put in pensions, endowments and critical illness type things, can anyone tell me or point me in the right direction? I don't understand enough about the whole thing to work out whether they're already taxed/irrelevant/something the taxman needs to know all about; I fill in a return because of the income from a flat I let out.

Also, I've had a look on the site again and there seem to be 2 returns to choose from, one issued before 1st August and one after 31st July - do I fill in the one relating to when HMRC first sent me a form or is it based on when I'm filling it in, ie now?

Thank you for your help!

fengirl_2

Pension income is taxable and you will find a box for that on the form. Payouts on endowments is not taxable. Critical illness payments are normally taxable after the first year, but you need to look at your paperwork.
The fact that there are two forms is news to me! I dont think you get a choice when you log on.
If you dont get access before Sunday, at least pay your tax by then to avoid a fine.

saraburke

Excellent, thanks! I'm not getting any income from the pension or other things yet, just putting money into them so I'm guessing that's not of interest to the revenue.

On the plus side my log in has arrived so now I can get on with it rather than worry:eek:

TM1976

You get tax relief on your pension payments so you need to include this information to calculate the correct tax liability.