There’s lots of talk about the Chancellor’s plans to play around with pension tax relief at his Budget in a couple of weeks. So here’s a short video explaining how it currently works. It might or might not still work the same way after the Budget, who knows!Read More
I was talking to a friend this week who has been living in Spain for a number of years now and was asking me about the best way for him to access benefits from a pension he has siting with an insurance company in the UK. He wants to take some money out of it to help him over the…Read More
We’re now well into October and you only have a matter of weeks left if you are one of the 3 million or so taxpayers who still file a paper tax return each year. October 31st is the deadline for paper eturns to be received by HMRC. Note I said received by, not sent to. There is a difference!
And it is a difference that could cost you a £100 fine! That’s the automatic penalty you will be hit with if HMRC ask you to complete a Tax Return and you don’t comply.Read More
Under the ‘What will happen’ section of the form I was then told that
“The Tax Repayment Agency will retain 40% excluding VAT for processing and administration. Terms & Conditions at www.taxrebate.co.uk\terms.pdf”
Forty percent! Wow. for doing something that I could do myself!Read More