Mortgage free in Forever Home :-)

Brie

Don't beat yourself about being emotional or fractious or anything else.  You are a rock for a lot of people and now in return they can be a rock for you.  

KajiKita

Thanks @beanielou, @Cheery_Daff, @Brie - feeling a bit better overall today. 

Got some washing on the line (I was nearly out of clean socks! 😂), planted some spuds (finally!) and got another couple of wee things in the ground. 

Headed up to the rural city (yes, that’s a contradiction but there are two cities near to me - one is definitely farm based in its economy and the other industrial, so that’s how I think of them) and bought some trousers and cheap tops for work. Got offered a job working at EWM in the process … (only jokingly, but I did end up having to help them with their till - they are lovely people in that shop, great fun 😊). Found some amaaaazing satsumas on a street stall so bought myself six of those 🍊😊 and I may have fallen into a bookshop … ahem … 😉 Healthy lunch in the veggie cafe and brought a healthy cake home with me. 

Spent most of the afternoon on the phone to Gaelic widows and Aviv@ trying to understand how I can add to those pensions (done on both today - £1K each). That’s a task that has been outstanding for a loooong time! 👏💪 Also, started getting into how I can understand the performance of the investments my funds are sat in, how I can change them etc. My head got a bit full … One question I may have to brave the pensions board with, is that aviv@ stated in their transaction screens that they claim the tax benefit from HRMC for you - I am kind of surprised at that …? Can they actually do that? 🤷‍♀️

Also, booked an appointment for Chloe with the vet for a follow up check up and full service tomorrow morning. I have dug out the transponder details for her today as well, so we can get those logged at our vet. (Don’t know how I missed this but it needs doing). 

KK

redofromstart

As I understand it the pension company claim the standard 20% tax relief on your behalf, but if you are a higher rate tax payer for the year you made the contribution in then you can also claim the difference via your tax return.  

f0xh0les

Yes they absolutely can. I pay in my £ 2,880 the pension company claims my HMRC 20% to bump it up to £3,600 and they invest it ( non-tax payer me) for me into my SIPP.  Standard practice.  

Sallyforth

Yes same here with pension contribution. I’ve just paid the £2880 I’m allowed as a non tax payer and the company - a very Standard one - have topped it up to £3,600.

greenbee

redofromstart said:

As I understand it the pension company claim the standard 20% tax relief on your behalf, but if you are a higher rate tax payer for the year you made the contribution in then you can also claim the difference via your tax return.  

Came here to say exactly this (I have pensions with Aviva, HL, and SW, and this is exactly how it works.

LadyWithAPlan

If you are a HR tax payer then you have to claim that bit as part of doing a tax return - it gets paid either as a reduction of the income tax you pay if one is SE or if you are a PAYE then it’s a cheque you get. 

the 20%  rebate goes straight into your pension is just the BR tax portion

well done for sorting out a frog  

greenbee

LadyWithAPlan said:

If you are a HR tax payer then you have to claim that bit as part of doing a tax return - it gets paid either as a reduction of the income tax you pay if one is SE or if you are a PAYE then it’s a cheque you get. 

the 20%  rebate goes straight into your pension is just the BR tax portion

well done for sorting out a frog  

HMRC will transfer the payment directly into your bank account, there's no need to wait for them to send a cheque. If they owe you money they are very quick to pay. If you're a HR tax payer then it's also worth adding your gift-aided charitable donations to your return. 

Brewerspride

How did Chloe's trip to the vet go?  Hoping she is healing well.

KajiKita

Thanks @redofromstart, @f0xh0les, @greenbee. Thanks for the clarification … ish … I’m still a bit confused. I am a HR taxpayer so are they right to claim the HRMC tax rebate for me or not? Also, why did Gaelic widows not do this ….? (I hate tax stuff!)  I have never, ever done a tax return as I have never needed to, always been fully PAYE.

@Brewerspride, Chloe is doing okay 😊 The vet watched her move around and said she was healing well. We had her vaccinations done today and have to take her back in three weeks for the top up. We will get her wormed and flea treated (tablet form by the vet as it doesn’t poison local wildlife, at the same time). It was very stressful getting her in the box again and she’s not talking to us atm … poor wee thing … The vet does now have her transponder chip details 😊❤️

I’ve managed to get a lot of weeding in the veggie patch done, the last of the seed spuds in and Mr KK finished the digging out and putting in the concrete footings for the retaining wall where we are putting the new path on the front of the house. This is turning into a fairly significant engineering project! 

Chinese takeaway for tea as a treat 😊

KK