We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Hmrc and Ns&i I index linked bonds
joesoap1264
Posts: 231 Forumite
in Cutting tax
hi guys, just been onto Hmrc again, but confused .
i have transferred marriage allowance from OH to me from 18 -19 to present and onwards.
had 3 P800 and refunds, fine.
three rebates of £230+, Ok.
when I asked why no P800 for 21-22, I was told that they were waiting for Ns&i to send interest details to them ?
i asked why, they are tax free, she completely didn’t understand what I was talking about .
we agreed a figure , from previous years,and she said she would send P800 and refund, fine again,
however.
my Ns&i are index linked bonds, tax free, so why would Hmrc need to hear from them, or even how much interest I received , it’s not taxable.
i haven’t even had my 21-22 statement from Ns&i yet, but as it is linked to cpi, it should be good , there systems down again, useless to contact any time, just to check.
i tried in vain to ask why she required Ns&i figures, as it’s the same as isas, tax free, they don’t need to know ?
she didn’t understand , just kept on about the £1k psa .
I have had these bonds years and possibly have been taxed on them, unknown !
On all 3 P800 ‘s their interest figures are higher than mine, so assume possibly taxed on my bonds?
they never state where the interest is from.
has anyone else had this occur ?
the Ns&i bonds state, tax free, no need to notify Hmrc !
do banks et.al notify Hmrc of isas ? They are the same as IL bonds ?
just to digress.
tried umpteen time to set up personal tax up online, using gateway, using driving licence, p60, wage slips, credit agencies, etc, nogo, cannot ID me. Don’t exist, but still take my tax :-)
no passport.
is it me, ?
cheers guys.
i have transferred marriage allowance from OH to me from 18 -19 to present and onwards.
had 3 P800 and refunds, fine.
three rebates of £230+, Ok.
when I asked why no P800 for 21-22, I was told that they were waiting for Ns&i to send interest details to them ?
i asked why, they are tax free, she completely didn’t understand what I was talking about .
we agreed a figure , from previous years,and she said she would send P800 and refund, fine again,
however.
my Ns&i are index linked bonds, tax free, so why would Hmrc need to hear from them, or even how much interest I received , it’s not taxable.
i haven’t even had my 21-22 statement from Ns&i yet, but as it is linked to cpi, it should be good , there systems down again, useless to contact any time, just to check.
i tried in vain to ask why she required Ns&i figures, as it’s the same as isas, tax free, they don’t need to know ?
she didn’t understand , just kept on about the £1k psa .
I have had these bonds years and possibly have been taxed on them, unknown !
On all 3 P800 ‘s their interest figures are higher than mine, so assume possibly taxed on my bonds?
they never state where the interest is from.
has anyone else had this occur ?
the Ns&i bonds state, tax free, no need to notify Hmrc !
do banks et.al notify Hmrc of isas ? They are the same as IL bonds ?
just to digress.
tried umpteen time to set up personal tax up online, using gateway, using driving licence, p60, wage slips, credit agencies, etc, nogo, cannot ID me. Don’t exist, but still take my tax :-)
no passport.
is it me, ?
cheers guys.
0
Comments
-
Certainly NS&I index-linked saving certs are tax-free.
Check your online NS&I account perhaps?Friendly greeting!1 -
Hi dan IT problems again with ns&i website.danthemoneysavingman said:Certainly NS&I index-linked saving certs are tax-free.
Check your online NS&I account perhaps?
I know the bonds are tax free,, it’s Hmrc that seem not to.
she said she didn’t understand them ?
🤬0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards