Which NS&I Tax Free Bond

6022tivo

Jonbvn wrote: »

No it is your income after deducting pensions contributions.

From the WTC form on HMRC wesbite - suggest you d/l a copy ASAP!

However, contributions to any HM Revenue & Customs registered pension scheme (such as an occupational pension scheme, a personal pension plan or retirement annuity) and payments under the Gift Aid or Payroll Giving schemes should be deducted when you work out your income for a tax credit claim.

In short, increasing your pension contributions is an excellent idea when claiming WTC.

wow, ok...

On my annual confirmation sheet, I always entered my gross income from my P60 (or is it P40? it has been a long day). Never thought my pension mattered... thanks for that info, will make sure I enter correctly the figures on as the confirmation sheet for 07/08 as it is due I think.

craftingqueen_2

Is this for WTC or TC?

CQ
x

6022tivo

craftingqueen wrote: »

Is this for WTC or TC?

CQ
x

Erm...

I have one set of forms to confirm every year, from this I get Working Tax Credit, and a Child Tax credit..

I do work over 16 hours a week.

miken

Having used this years cash ISA amount, £3000 still left to invest. Which of the NSI options would give the best rate. Happy to go for a long term investment. Which will give the best return.

McSaver

miken wrote: »

Having used this years cash ISA amount, £3000 still left to invest. Which of the NSI options would give the best rate. Happy to go for a long term investment. Which will give the best return.

Opt for the Index linking certs - The fixed interest option doesnt give you very much returns.