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council tax
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phoneguru1
Posts: 3 Newbie
in Cutting tax
good afternoon hope everybodys christmas has been good, council tax ? if you have NSI premium bonds ( not the ones that give you intrest ?) do you have to tell your local council tax team you have premium bonds ? or are they only classed as savings when you cash them in . many thanks .
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My best guess is that they are considered savings at all points. Are you asking because of some limit to savings to get reduced council tax? I would think you will need to be honest with them rather than risk it being noted in 3 years time and you being presented with a tax bill for previous years underpayment.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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They are savings and need to be declared.1
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...if you are receiving council tax support0
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Definitely savings in fact I believe it says that somewhere on the NS & I website.
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