R105 or R85? Confused, please help?!!

sideysid

Hi,

I posted in the savings and investments, but I think Im more likely to get an answer here, I've read up and think I've got the gist of it so any advice would be appreciated.

I will be travelling to NZ until the end of the year after giving up my job at the end of the month, so will have had 1 months pay for the financial year.

I have 45k savings in a Kaupthing instant access account and another 3k in an Icesave ISA.

The gross interest received from my savings, as well as my gross income for this financial year would be under my tax code bracket, also I will be in the UK for a longer period of 91 days.

So does this make me eligible to fill in an R85?
Or would I need to fill in an R105, even though I am not planning on being contractally employed over in NZ?

Thanks!

Che75

If you're in the UK for 91 days or more this tax year you'll be treated as resident, so I would fill in an R85.

I suggest you contact your local tax office anyway incase you're due a rebate on tax paid in April. You can find contact details at http://www.hmrc.gov.uk/local/individuals/index.htm.

Have an awsome time in NZ.