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Panic Mode
Comments
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my sipp is in Drawdown if that helps
Keep in your thoughts the poor Beasts of burden around the World and curse All who do them harm.0 -
thebullsback said:my sipp is in Drawdown if that helpsHave you already taken the full 25% tax-free?N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.0 -
yes ab out 4 year ago
Keep in your thoughts the poor Beasts of burden around the World and curse All who do them harm.0 -
thebullsback said:yes ab out 4 year agoOK, so all £24k will be taxable.I would expect your tax bill to be towards the upper end of D&C's range (last post on previous page).N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.0 -
And I guess it's always possible the op has already taken some taxable cash and a basic rate tax code could already be in place?QrizB said:thebullsback said:yes ab out 4 year agoOK, so all £24k will be taxable.I would expect your tax bill to be towards the upper end of D&C's range (last post on previous page).
So £6k would be deducted leaving no need to make a claim for a tax refund.0 -
6k would be workable i had naively thought abut 4.5k is but 6k is doable.
Thank you all for your input its appreciated.Keep in your thoughts the poor Beasts of burden around the World and curse All who do them harm.0 -
Sorry, total brain malfunction.thebullsback said:6k would be workable i had naively thought abut 4.5k is but 6k is doable.
Thank you all for your input its appreciated.
As a basic rate taxpayer ot would be £4,800 that's payable on £24,000.
You just need to be careful about tipping into the higher rate bracket for the year as a whole.0 -
yes I hopefully be ok with this cash boost . Thank you for your time and knowledge its made me feel a lot better .Keep in your thoughts the poor Beasts of burden around the World and curse All who do them harm.0
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