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Related UK Tax Questions
UK Tax question My client contributes 10% of his salary into
UK Tax questionMy client contributes 10% of his salary into a workplace pension each month, in addition to his employer's contribution of 5%.His work have confirmed that his 10% contribution is deduct… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
my income will exceed the personal allowance threshold this
my income will exceed the personal allowance threshold this year, but in addition to having a zero personal allowance, my tax notice says I will begin to pay higher rate tax at £31,866 rather than £41… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Dear XXXXX Tax We have a client who pays premiums to a registered
Dear XXXXX Tax We have a client who pays premiums to a registered pension scheme, where basic rate tax relief will be claimed by the penison provider. However our client pays the gross premium and the… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
Calculation of the amount to be taken off as deductions from
Calculation of the amount to be taken off as deductions from income for 'Retirement Annuity Payments' i.e. Pension Contributions. In working out my tax liability for any particular year...............… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am about to be made redundant and will receive about £140k
I am about to be made redundant and will receive about £140k in redundancy pay in this tax year. I did not expect redundancy and so took my final salary DBS pension wef 1 January (after 40 years servi… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
I am a 40% tax payer. I have heard that I can claim back on
I am a 40% tax payer. I have heard that I can claim back on my pension as i am suppose to only pay 20%, however as I am a 40% tax payer I need to claim the 20% back is this the case and how do I go ab… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
I am a UK based tax payer as per tax rules a certain part of
I am a UK based tax payer as per tax rules a certain part of my salary is taxed at a basic rate of 20% and the rest at the rate of 40% . My question is what measures can I take to reduce the part of s… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am only just a 40% tax payer. This is because the interest
I am only just a 40% tax payer. This is because the interest on my savings takes me into the higher bracket. My earnings are £42350 gross (minus Personel Allow. £7475) plus interest on my savings is a… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
Please correct me where i am wrong regarding tax relief on
Please correct me where i am wrong regarding tax relief on pension contributions. I pay tax at the 50% rate. I understand that in the 2011/2012 tax year there is a maximum of 50k relief that can be cl… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
Maybe a tougher one! I deferred some of my GE income until
Maybe a tougher one! I deferred some of my GE income until retirement. This is now being paid out yearly. How is this considered by HMRC, income, dividend or pension?… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
Hi, another question on tax, this time about Pension contributions.
Hi, another question on tax, this time about Pension contributions. I contribute 6% of my basic salary and my employer 22%. My basic salary is £32k below the 40% threshold, but with shift and overtime… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Dear UK Tax Consultant, I earn approximately GBP 160000
Dear UK Tax Consultant, I earn approximately GBP 160000 in UK. How much will my 2011-12 tax refund be if I put 30,000 GBP in a pension scheme? What if I put 50,000 GBP and then how much will this be a… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
When I reach the age of 60 on 15th April 2011, I will start
When I reach the age of 60 on 15th April 2011, I will start to receive income from 2 pension plans to which I contibuted in previous stages of my career. I currently work in the NHS and contribute to … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hello, I am trying to assess my relevant income (HMRC term)
Hello, I am trying to assess my "relevant income" (HMRC term) for this tax year to determine if it has breached the £130k threshold over which tax relief on pension contributions is restricted. Two ye… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
Hi there, As a 60 year old higher rate tax payer employed
Hi there, As a 60 year old higher rate tax payer employed on a paye basis, I also now receive a £10k pension from another scheme that has been marked as being subject to 40% tax at source. As part of … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
I filed my self assessment tax returns for the tax years 2008/9
I filed my self assessment tax returns for the tax years 2008/9 and 2009/10 on line. The calculations for both years did not use the tax code provided by HMRC, which provides tax free relief for my pe… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My employer is expected to launch a voluntary redundancy scheme
My employer is expected to launch a voluntary redundancy scheme early in 2011, and I am considering applying. I would receive a lump sum compensation payment of approximately £50000. I understand that… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi,i am a director of a Ltd Uk company my contracts have been
Hi,i am a director of a Ltd Uk company my contracts have been outside the uk,but my company address is in laws house,i now have a Long term uk contract and want to rent somewhere as it is cheaper than… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 satisfied customers
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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