Seemingly trivial things that cheer you up
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I was happy with my £800 despite it being money I'd paid on account last year (I was even more happy as I'd thought I had to find another £900 for them at first before realising that was the year's bill and I'd overpaid).
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For those who Xit, this is a nice thread about flood defences doing their job, at least for now.
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Looks like most of us are better off starting this week
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I'd rather be less well off and having properly functioning infrastructure and services to be honest. They are worth more than £1000 a year.
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- Genesis Croix de Fer
- Dolan Tuono0 -
And as Brian has already pointed out, the "online tool" the .gov page talks about actually signs you up to the conservative party mailing list 😂
Free tools already exist so they could have saved some tax £s by not bothering.
- Genesis Croix de Fer
- Dolan Tuono0 -
Are you saying that I can pay into my wifes pension and get a tax rebate on it?
I always assumed she would have to claim in her own right
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That's right. I do hope Rick isn't avoiding tax...
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Have a look at your pay packet at the end of this month and compare it to last month.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I'm sure Labour will sort out the £1,000 a year, but not the infrastructure.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Quick bit of maths suggests I am almost £2k worse off in income tax this year that I would have been if the tax bands were not frozen.
So after this NI change I am at -£2000 instead of -£2754.
🍾 🎉
- Genesis Croix de Fer
- Dolan Tuono0 -
Wasn't the NI originally increased to help fund the NHS and social care when the pandemic highlighted the perilous state of both? If I'm remembering that correctly have I missed the bit where they are now significantly improved? I'm surprised the Government didn't make a big deal about fixing it as that was a very good job!
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I just put it into the tax form. I even wrote out where the pension money was paid into.
"Have you paid money into a pension" so I hit yes, and said what amount, and put a note as to where it went.
My wife has no income to claim back tax on, so how would that work?
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Our resident tax expert disagrees with you so I would beware a big bill.
I believe that if non-tax payers pay into a pension they get the 20% anyway
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Rick - really hope you haven't been doing that for a while. The amount a person can put into a pension is limited to their income ie nothing in your wife's case.
Also note it is called self-assessment for a reason. That the form accepts something doesn't mean it is right.
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The direction of travel has changed now it would appear. And I think you know which way it will go if 'Starmergeddon' happens.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I just discovered that the posh biscuits my daughter bought me for Christmas does indeed have a second layer. I'd originally assumed it did but then on looking it appeared to just be the one. I finished the top layer and was about to empty the packaging into recycling to keep the tin and realised it was too heavy to be empty then found the second row well hidden under what looked to just be packaging,
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I stand corrected - you can get it for paying into a spouses pension. Not sure it works for Rick to get the incremental tax deduction: a quick search says this:
"These contributions are treated as if they are paid by the individual with the limits that apply to personal contributions. So, tax relief is restricted to the higher of £3,600 or 100% of relevant UK earnings."
But if he used the standard HMRC software it should spit out the right answer for him.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
You'll need to undo your wife's pension as well which won't be as easy.
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You're OK - see above. Might be more tax efficient to put into your own pension scheme though; worth doing the sums. The joys of tax planing...
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
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Extra biscuit layers are much better than fake tax cuts.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition1 -
Except it means another few days before I can start trying to lose some weight!
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Fine, its your shout.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
There's a limit of £2,880 tax relief for those without income (correction to above). If your wife has claimed more tax relief than that then I think something needs to be done. Perhaps paying the relief to HMRC.
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Starting to see a couple of mortgage deals (just) under 4%, remortgage in July is looking less painful.
- Genesis Croix de Fer
- Dolan Tuono0 -
She will if she divorces you in any case, so you may as well do the most tax efficient thing for both of you.
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