|
||
|
15th March 2016, 10:53 | #21 | |
Banned
rover75 cdti AUTO TOURER 160 bhp. Join Date: Jul 2010
Location: Glasgow
Posts: 35,346
Thanks: 2,985
Thanked 3,685 Times in 2,463 Posts
|
Quote:
|
|
15th March 2016, 11:13 | #22 |
This is my second home
Lagoon 2.0 V6 75 Conn SE Saloon Join Date: Nov 2006
Location: Chertsey
Posts: 5,203
Thanks: 2,825
Thanked 2,920 Times in 1,570 Posts
|
Don't know if this helps, but if you have any savings, from next tax year, all interest from banks; building societies etc will be paid free of tax deductions.
This means that any tax that you would have paid on savings interest has to be deducted via other income using your new tax code, hence a lower coding. Cliff
__________________
No. 4 of 6 Last edited by Teflon; 16th March 2016 at 08:00.. |
15th March 2016, 19:45 | #23 |
This is my second home
Join Date: Jul 2014
Posts: 5,428
Thanks: 3,123
Thanked 3,170 Times in 2,096 Posts
|
|
16th March 2016, 16:36 | #24 | |
I really should get out more.......
Ford Fezza Poverty Spec & ? Join Date: Dec 2010
Location: Lincolnshire
Posts: 2,892
Thanks: 526
Thanked 349 Times in 275 Posts
|
Quote:
__________________
Report potholes, flytipping, broken streetlights - www.fixmystreet.com Find cheaper diesel/petrol - www.petrolprices.com 2001 Rover 45 1.8 Impression S owned for 15 years, now scrapped. |
|
16th March 2016, 18:46 | #25 |
This is my second home
Lagoon 2.0 V6 75 Conn SE Saloon Join Date: Nov 2006
Location: Chertsey
Posts: 5,203
Thanks: 2,825
Thanked 2,920 Times in 1,570 Posts
|
That's right, but if HMR&C believe you are likely to receive more than £1000 in savings interest, they will take it into account when setting your new tax code, which may then be lower than you might normally expect.
Shouldn't have an impact on most folk, but if someone has a large amount of savings it will likely make a difference. Cliff
__________________
No. 4 of 6 |
16th March 2016, 20:03 | #26 | |
I really should get out more.......
Ford Fezza Poverty Spec & ? Join Date: Dec 2010
Location: Lincolnshire
Posts: 2,892
Thanks: 526
Thanked 349 Times in 275 Posts
|
Quote:
__________________
Report potholes, flytipping, broken streetlights - www.fixmystreet.com Find cheaper diesel/petrol - www.petrolprices.com 2001 Rover 45 1.8 Impression S owned for 15 years, now scrapped. |
|
21st March 2016, 22:23 | #27 |
Posted a thing or two
MG ZT 260 SE, ZS120, ZR105 Join Date: Mar 2014
Location: Peterhead
Posts: 1,375
Thanks: 203
Thanked 350 Times in 241 Posts
|
I have a private pension, and the state pension, so the state pension is deducted from my tax allowance, giving me a very low tax code which is applied to my private pension. Might something like that not be the issue here too?
|
|
|