O
Octopus
Hum not correct.
When you put money in your pension pot, HMRC pay your 20% tax too ....
Then when you draw the money out it is taxable
- Thread starter Bob Geldoff1234
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Discuss Paying January's tax bill in the Business Related area at ElectriciansForums.net
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Hum not correct.
When you put money in your pension pot, HMRC pay your 20% tax too ....
Then when you draw the money out it is taxable
N
Nigel
Hum. I never said putting money into a pension pot. I said saving.
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When you put money in your pension pot, HMRC pay your 20% tax too ....
Then when you draw the money out it is taxable
I disagree with the premise here. I think of it as :
When you put money in your pension pot, HMRC dont tax this money on the way in but tax it on the way out, so only once, however GB did a dirty on us all and started taxing the dividend income that the investments were made using our pension money, reducing the growth significantly - robbing *astards
Then when you draw the money out it is taxable
I disagree with the premise here. I think of it as :
When you put money in your pension pot, HMRC dont tax this money on the way in but tax it on the way out, so only once, however GB did a dirty on us all and started taxing the dividend income that the investments were made using our pension money, reducing the growth significantly - robbing *astards
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- 7,750
when I retire I'm off to become a Buddhist monk ,and live out my neutral life ,in a nice warm country ,sod the family , I will burnt like Viking funeral .
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- 5,600
You seem like a nice chap Buzz but I rarely understand what you're talking about
.
N
Nigel
No it is not. It is an estimate on the next twelve months Jan - Jan. my tax year is June - June.
D
Deleted member 26818
Because I’m paid CIS, the tax man owes me money from my first wages of the tax year.
The money owed just increase every time I’m paid.
By the end of the tax year, if I’ve earned more than my personal allowance, I’m owed at least £2,000.
The money owed just increase every time I’m paid.
By the end of the tax year, if I’ve earned more than my personal allowance, I’m owed at least £2,000.
ses
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Are any other sparks on here feeling fed up after having to part with January 31st tax bill?
To add insult to injury I have also had to pay the accountants bill and the wholesalers bills.
To top if all off,most of my jobs are ongoing so haven't received any money for a couple of weeks.
The bank balance is in free fall
Yes try paying a £20k wholesaler bill a £30k tax bill and then £15k vat bill all in one month as well as all your normal business expenses and staff wages and then knowing you have to pay another tax and vat bill again in March and then another one in July
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I for one would love to see the amount typing errors on your tax return
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Is that supposed to prove it, buzz?when i do me tax return i put down cant spell ,but i can count 123.
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