Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 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!
Self assessment and higher rate child benefit repayment
hanthom23
Posts: 1 Newbie
Hello - I have to submit a self assessment by the end of January this year.
If my adjusted net income is above £50,000 for the 23/24 tax year I will need to pay some of my child benefit.
I have read that I can adjust my net income for charity donations with gift aid, life insurance payments and trade union payments.
I have worked out where I can log the charity donations on the self assessment, but I cannot work out where I would log the life insurance or trade union payments.
Also - do I need to provide proof of these payments on submission or is it only if HMRC contact me afterwards? And if so what kind of proof would they need?
Thank you for any help with this!
If my adjusted net income is above £50,000 for the 23/24 tax year I will need to pay some of my child benefit.
I have read that I can adjust my net income for charity donations with gift aid, life insurance payments and trade union payments.
I have worked out where I can log the charity donations on the self assessment, but I cannot work out where I would log the life insurance or trade union payments.
Also - do I need to provide proof of these payments on submission or is it only if HMRC contact me afterwards? And if so what kind of proof would they need?
Thank you for any help with this!
0
Comments
-
Have you read section 4 of this guidance?hanthom23 said:Hello - I have to submit a self assessment by the end of January this year.
If my adjusted net income is above £50,000 for the 23/24 tax year I will need to pay some of my child benefit.
I have read that I can adjust my net income for charity donations with gift aid, life insurance payments and trade union payments.
I have worked out where I can log the charity donations on the self assessment, but I cannot work out where I would log the life insurance or trade union payments.
Also - do I need to provide proof of these payments on submission or is it only if HMRC contact me afterwards? And if so what kind of proof would they need?
Thank you for any help with this!
https://www.gov.uk/guidance/adjusted-net-income0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards