P161 & declaring interest

jennifernil

K_P83 wrote: »

With a joint halifax reward account, what about if one account holder is a tax payer & the other is not ... when it comes to the R40?

Do you just half the £60 (£5/month * 12 months=£60)? So the non tax payer is receiving £30? As my sister now has a joint reward account too, but with a tax payer.

Yes, she can reclaim her half share of the tax, £7.50 over a full year.

Nine_Lives

Thanks guys. May not sound a lot, but to a student who's only employment is 'here & there', it all adds up. Plus for the price of a stamp, she bagged £21 off them today. Better in our pocket than theirs!

antonic

It certainly is !

K_P83 wrote: »

Thanks guys. May not sound a lot, but to a student who's only employment is 'here & there', it all adds up. Plus for the price of a stamp, she bagged £21 off them today. Better in our pocket than theirs!

John_Pierpoint

Is there a big campaign to send out P161's ?

Should I ignore it?

I have an instant urge to scrawl "Isn't completing a full self assessment each year good enough for you" but I guess I will wade through it with meaningless guestimates about the future.

Death and Taxes.

Mikeyorks

John_Pierpoint wrote: »

Is there a big campaign to send out P161's ? .

Only when you hit certain strategic (and depressing) age bands.

Death and Taxes

Be content that it is the latter? Be concerned if an R27 arrives with your name on it!

Nine_Lives

She called the tax orrifice today regarding paying tax on her pension payments.

As she's never had to deal with this before, coupled with the fact she's not brightest especially when it comes to numbers, she got a bit bamboozled. She "thinks" it's all in hand as the woman on the phone said "it'll be sorted".