Frank

Hello and Happy New Year! I'm also 67 years of age and moved to the UK in 2022 with my wife and daughter. I continue to work full time and hope/plan to continue working for the next 10-15 years. I feel and look 50 - LOL! Do I understand the admin's response correctly that since we're over the state pension age, we are not allowed to contribute anything to class 4 and class 2 is strictly voluntary at £3.45 a week for 2024-2025. Moving on, if I begin contributing annually into a private pension, will the State still provide a 20% tax break? Thank you! Frank

Thanks much. Enjoy your weekend. Frank

I need to clarify whether I pay tax on income for date the money was paid by my customer or when the money was cleared into my bank account. I use Stripe as my payment gateway and I always receive the money 2 to 4 working days after my customer made the payment. So if a customer paid me £75 on 04 April 2024, and I don't receive the £73.37 payment in my bank account until 07 April 2024, do I include the £75 in my 2023-2024 tax returns or do I add it to my 2024.2025 tax returns. I read that either way is acceptable, providing I consistently report it the same way every year. I just need to confirm. Thank you, Frank