Surviving 17/18 Self Assessment (A)

John_Pierpoint

I think I have just completed my input to my annual struggle.


This 17/18 year I have useful extras zero rated allowances for Property, Dividends and Interest.



My fraction of an interest in the rent of a field is now yeilding an extra £15 .


However when it comes to dividends and interest the help information button still links to a page in the HMRC manual that talks about calculating and reporting nett & gross income.
Presumably the dividends and interest payments, which now show only one figure, are all "gross"?
These are the figures I add up and put on the return [NSI Pensioner "bribe" bonds dating from the 2015 election have put me just above the zero rate band.]

It is the help page that is behind the times?

[Deleted User]

The notes are always best. Enter the dividend received.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/687369/sa150-notes_2018.pdf

P.S. - you used to be on here a lot and very helpful too. Where have you been?

John_Pierpoint

Hi purdyoaten2,
Thanks for your kind thought, yes I have been away, or only very minimally involved with MSE for the last 5 years of "real" retirement, as against a financial wind down through redundancy, early retirement, self-employment, loss of the previous generation, with resulting inbuilt complexities. ,,,,,,,,,,,,,, .
Unfortunately, during those 5 years life has been a bit of a survival exercise, disrupted by the following:


My wife deciding to be her own woman [Perhaps its "Men are from Mars, Women are from Venus (and cod psychologists are from Uranus)?"]

Re-breaking (?!) my neck.


Trying to downsize "our" home and move to a property in a thin l housing market. Then getting entangled for months with a "Friends- Reunited" house-selling couple, who had decided that planning laws did not apply to them.
I am now in a situation where the local authority has decided that "our" rural but not remote house & garden could be a good spot. It wants to enhance a neighbourhood of less than 25 households by adding "less than 1,500" new neighbours (and I am right in the middle of it). Technically that is planning blight.
Just living in this out of control country is enough to give anyone PTSD?:D


To get back on the topic.



Thanks for the link, unfortunately, it says more or less the same as the HMRC online manual.
When I was simply "basic rate" (and I worked really hard at remaining on the basic rate to avoid the hassle of additional rate; almost as hard as a single mother trying to keep down to 16 hours a week) and tax was paid at source, so I just had to spend time filling in the forms when I had already calculated the result on the back of an envelope.
Every time HMRC and the Chancellor make a change they create yet more what if's. Now we have to understand the difference between a dividend and an interest payment. Now that the HMRC has agreed/decided not to bother with the minimal accidental payments that Margaret Thatcher's share-owning democracy finds itself inheriting.



Someone else on here has got totally confused about what to do with a dividend from an Investment Trust company. I have inherited a small one of those, as far as I am concerned it is an at-risk dividend, not an interest payment. I could be wrong!


Bring back Nigel Lawson, he got rid of a tax each year, even if one of them was a "DUCK" and the majority of the zombies in Westminster did not get the joke.