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Becoming higher rate taxpayer - complex?
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grizzly1911 wrote: »They won't just accept your interest figures you will have to complete a full tax return the first time and most likley short form tax returns after that. You do not need to include details for your ISAs.
If you can't increase your pension payments AVCs offer the same advantage just slightly different. Only thing to remember is that locking away too much money in a pension just to avoid tax might not always be the best option especially if you might be swapping jobs/pension providers.
Not true at all. You will only have to complete returns, assuming you meet no other criteria if the total of your taxable investment income (interest/dividends etc) is in excess of £10k.
Otherwise you can declare your taxable investment income in a letter or via telephone.[SIZE=-1]To equate judgement and wisdom with occupation is at best . . . insulting.
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Not true at all. You will only have to complete returns, assuming you meet no other criteria if the total of your taxable investment income (interest/dividends etc) is in excess of £10k.
Otherwise you can declare your taxable investment income in a letter or via telephone.
Well that was the case for both my wife and I - just our experience:p"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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