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Pension Relief Tax at Source
Hi can some please confirm from these weekly figures that the higher rate pension relief 40% is already applied (on 20% pension contributions). I think its correct in effect paying less tax on the gross amount: Payments Basic pay = £1381.65 Deductions Tax paid = £207.80 Employee's NI = £66.29 Pension = £276.33 I am…
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Travel Insurance - death or serious illness of relative
Myself and wife are due to Go on Holiday in 4 weeks.My father in law who has COPD was taken into hospital with racing heart and breathing difficulties 2 weeks ago .Its not good as its been discovered he now has stage 4 lung cancer (small cell ) that was blocking the archery to his heart , a stent was put in but it was also…
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Wanting to share my goals with you all!
Hello! Sorry if this in the wrong thread?? im starting my debt free journey 😃 we are 30, engaged and no kids. current debt myself: CC £10k PCP £12.5k - I sold my car today and made a profit after paying the finance off!! overdraft £800 my partner: overdraft £600 after recently paying off a loan PCP- £15k - he is overpaying…
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Replacing ceramic coals on living flame gas fire
The original 'coals' on my fire were 2 rows of 5 and a back row of 4 as per manual. Bits have been breaking off for a few years now so I thought I'd replace them but the model is obsolete. I bought some generic ones at 45mm square but they seemed too big and so I replaced them with 35mm but they're too small. I can't find…
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Visa for the UK
A friend from South America was coming to visit us and applied for a visa. She received her passport with no visa and no explanation. Does this mean that she has been rejected? Her husband and son have been accepted (so no idea why she was rejected although she did come her last year without them).
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Ability to obtain a credit card
I was looking into some of the details about certain credit cards. Being new to these forums I ended up on the Experian site, which told me I had to make a positive of a few hundred points to be eligible for a 0% retail card. Oddly, the notification mentioned a pre-approved card with a 49.9% APR, while Ocean Card offered…
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Housing Association says the Fencing I paid for will belong to them!!
Can anyone help with advice please. The fencing between myself and my neighbour fell down in my garden. We were going to go half but they have now decided not to. I had a visit as I needed permission. I was asked lots of questions. So are you going to be having concrete posts and gravel boards? Answer NO I cannot afford…
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Savings interest and tax
Hi am I understanding correctly what Martin said in his program tonight that even though my wife and I are earning over £1000 each in interest, we won't be paying tax because there is an extra £5000 each we can earn? We are both pensioners 80 years old. I have been putting money into ISA's so that our interest from our…
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Water bill is 57% higher
My water bill has increased by 57% this year and South West Water say there's nothing they can do about it. The government have stopped the GC50 support which was given to customers, and it was worth £50 a year. I'm unable to have a water meter fitted and so I have to be assessed according to the rateable value of my…
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PIP and supported living
My autistic son lives in supported living accommodation and claims the highest rate of DLA for daily living and also mobility. He's not yet had a letter inviting him to apply for PIP. If after applying he fails to qualify for the daily living element by not scoring a 4 in an activity, this would leave him unable to afford…
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When to post notice in Gazette?
I've not managed to find anything definitive about when to place notice in Gazette - some places say after grant of probate. Is there any reason I cant/shouldnt do it before probate - seems like the sooner done the better? Thanks
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Trading 212 - MSE40 Code
Hi. Per today's newsletter about setting up an above Stocks and Shares account, with a £1 minimum for approx £40 of shares... Can anybody advise where/how in the process of setting up the account do we add the MSE40 code in? Thanks
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Fine for parking out of bay lines
So I got a private Parking charge from UKPC for parking out of the lines of bay in a B&M car park. There was no windscreen ticket, only a letter came to my house which was a notice to keeper. I tried contacting B&M to get it cancelled but they said: “ We have no direct control over these penalty notices as they are issued…
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Temporarily closed business for refurb - do staff get wages?
Two members of my family work in the same business place which is closed/will be closed for around 3 weeks while the building gets a refurb/new construction to part of the original building. During this build, they both have had a few days as holidays, but for the remainder they have rota'd off. My question is will they…
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holiday pay and Carers allowance threshold
hi, i am going to start 16hours a week from around mid april until dec, under new rules i can earn this and claim carers allowance. my question is what happens in dec when my seasonal jobs end and they pay me accrued holiday pay?, will this lump sum affect the threshold?, or, as i read on another post, am i allowed to…
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Global Shipping Programme - parcel lost
I sold an item on ebay using the GSP - a buyer in the US won the auction; I sent the parcel to the hub in the UK, which was then sent on to the US. However it appears to have gone astray on the other side of the pond. The buyer hs understandably raised a case (he contacted me first, and I advised him to do so if he got no…
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Parent supporting application Junior Sipp question
As a parent I have to do a supporting application for my child for the student loan. One of the questions is something like "Do you contribute to any pension that isn't your workplace pension". I contribute to my kids junior SIPP but it wasn't clear if that was relevant or not. I added the amount of my contributions. Now…
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HMRC Interest calcs
Trying to help a friend but struggling a little... In January 2024 when filing their Self Assessment they'd messed up and had failed to save money to pay their tax bill. They agreed a repayment plan with HMRC of circa £750 a month with a slightly higher payment in December as the final payment. Obv interest was added with…
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Sell shares quickly?
Just received probate today and getting up to speed with how to distribute an estate. Believe the estate will have its own capital gains allowance of £3000 for this year to 5th April (and for the next 2 yrs). The estate contains some shares with a gain of about £1000 that I think it would be advisable to get sold before…
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BT Renewal - Advice for others (maybe helpful for some)
Our 24 month contract was due to expire soon, we received an email notification as such of the price we are paying, would be paying for rolling contract and offers to stay. None were appealing nor competitive so were instantly dismissed. Upon doing some research there were many better deals to be had with other suppliers…
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Tesco Harrow - Horizon Parking Charge
Hello There, Can someone please confirm if the issued ticket is POFA compliant? I have sent an email to the Tesco CEO but haven't heard back anything yet. I haven't yet made an appeal, wanted to know if I should ignore if my appeal is rejected? Already checked with Tesco manager and he was helpless.
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Tesco Harrow - Horizon Parking Charge
Hello There, Can someone please confirm if the issued ticket is POFA compliant? I have sent an email to the Tesco CEO but haven't heard back anything yet. I haven't yet made an appeal, wanted to know if I should ignore if my appeal is rejected? Already checked with Tesco manager and he was helpless.
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Paying into SIPP in 24/25, tax relief arrives in 25/26
I think I saw this mentioned a while ago but can’t find the answer? I may drop some cash into my SIPP this year, the tax relief will arrives in the next tax year. Will the HMRC consider that to count toward next years 25/26 allowance or will they treat it as part of the 24/25 payment? It will be what it will be but just…
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Trading Losses
Hi, Just wondered, I made a loss of £26,000 when buying and selling shares, in the tax year 2022/23. Is that anyway I claim some kind of back for this loss. TIA Johnboy
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With EDF but not offered EDF no-exit-fee fix?
My EDF Essentials 1Yr Apr25 is coming to an end and EDF via email and account are offering me various options , all of which are more expensive including standard variable but none of them are this EDF no-exit-fee fix which is mentioned in the latest MSE newsletter email? Seems to be only available for new customers?
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Currently out of a job, cant decide whether to go self employed solo or go employed on salary
Just come out of being employed for last 5 years, pay was good. But left due to being unhappy and no progression. Previously was self employed for over 10 years but wasn't earning anything like the employed work I was doing. Single, still living with a parent , but striving to one day have my own place. Been saving hard…
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Student Maintenance loan and DMP
Hi. When preparing an SOA for creditors. (When at the point of setting up payment plans.) Would you include student maintenance loans? I get £450 a month, but it does not feel like it as it is paid in three instalments a year. I have read previously someone mention they would not include income that does not go through…
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Topping up for time in spent abroad
Hi all, I’ve checked my NI record and find that I am missing 10
years of contributions from the years I lived full time in Spain. I returned to the UK in
2016 and worked here and payed NI since middle of 2017. I would like to top up
to get the full state pension which will be possible as long as I keep paying
until…
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Probate/Inheritance Tax = another question
I and my sister have recently been granted probate with estate valued at £750000 We should be free of inheritance tax with 2 x £325000 plus 1 x £175000 I was under impression that probate would not be granted without say so from HMRC, is that right Listened to the Martin Lewis Show last week and they seemed to suggest need…
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Council Tax Reband
Hi..I moved into a new build house last year. This is the only new build in the road amongst a majority of bungalows. As it is a new build my council tax has been banded as E. The majority on the lane are D though there are a couple of E's as well. Next door is a semi detached house and is banded as a D. The 1991 price…
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Marriage Allowance from spouse
I receive £1260 Marriage Allowance from my wife who used to
pay no tax on her Superannuation. However in April 2021 she started paying tax which has increased each
year since and I still receive the £1260. Should I stop claiming this or does
it make no difference?
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Pension credit and NI. I don't understand 😭
I don't understand. I was born in 1961. What's the need to top up NI credits, when pension credit automatically tops you up to the full pension amount anyway? If I top up, won't I lose out? because it is pointless to buy the credits? If I don't top up, I will get the same amount of pension because the pension credit will…
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How do I transfer everything in the ISA?
I'm trying to transfer a Trading 212 cash ISA to a iWeb stocks and shares ISA. The only options on the iWeb form are to transfer this years subscriptions or previous year's subscriptions. This years subscriptions have earned interest and the ISA form that 212 are asking me to approve in the app only says the literal amount…
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United Utilities - number of people in property
Like many, im looking at getting a water meter but I logged on to United Utilities to check various things. My bill is going up to just over £1200 per year for a 3 bed house, I know its going up but this seems a lot. On the UU web site there is a section that says Update Your Details and I noticed that it was pre-filled…
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Confused with House type
Hey guys, Hope you’re all well. A bit confused with a property we are looking to purchase… so the blue circle is the property we are looking to buy and then it’s attached to another two properties where the blue arrow is pointing (to the garage and one habitable room upstairs). No building attached on the other sides. Is…
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Scotland - Private Parking fine issued to owner not driver
Hi all Looking for some advice with regards to avoiding partner having to go to court - he advised me to ignore the letters they sent him as I was the driver - however they are now going to take him to court through lawyers. If, as I wish him to, he names me do they have to begin the process again offering me the 21 day…
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Help sorting out ISAs - What Do I Do Now?
I opened an ISA with Halifax many years ago and forgot about it. Right now it shows as an ISA Saver account with £1100 in it and earning interest at 1.1%. Today I opened a new ISA with Nationwide and transferred in £20k of savings. I want to maximise my tax free savings so my understanding is that my wife can also create a…
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Save The Change
Hi,I have been in the Save The Change scheme for many yes now,and it's accrued a rather large sum Do I have to declare it as income? Thank you for any advice
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Cycle hitting car .
My daughter hit a car which had moved into a cycle lane ,the road is a single carriageway with a cycle lane which then becomes a dual carriageway with no cycle lane .The car moved early into the cycle lane to gain early access to the extra lane . She swerved to avoid the car but hit the side. She was shaken up by this and…
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HMRC marriage query
Hello, I married in 2023 and have never updated HMRC…. Didn’t know i had to. Name changed with banks and current employer. New job offer and just completing onboarding forms but just realised my NI number will not match my new name - is this going to be a problem before i need to start this job in a couple of weeks? Should…