HMRC Admin 5 Response

Hi

For 2022/23 yes. For the current year it is £1000.

Thank you

Hi

You do not declare the pension in the tax return, but you should include a freehand note in box 19 mentioning the pension.

Thank you

Hi

Yes. As a freelance writer, you are self employed as a writer.  
You will need to register as self employed and declare the royalties as turnover of a self employed writer.  
The profit after deduction of expenses, is taxable and subject to Class 2 and Class 4 national insurance, if the profits exceed the thresholds.  
Please have a look at Check how to register for Self Assessment
and Rates and allowances: National Insurance contributions.

Thank you

Hi

Yes this is correct.

Thank you

Hi Pollyflower,

The figure of £1500 wont be just for student loan based on additional income of £500. There may be other reasons you have a large bill and you will therefore need to contact us on 0300 200 3310 to clarify.

Thank you

 

Hi

As completing online, you dont need the SA106 as this is the paper equivelant.  
By entering the foreign tax paid at that section, this already reduces the taxable income and as such has given you the foreign tax credit relief and you should not claim it again.

Thank you

Hi

In order to qualify for relief, the maximum is limited to your relevant earnings for the tax year.
The £60k limit is to avoid a pension tax charge. You cannot backdate your contributions as relief is only due in the tax year the payment is made.
What you may be thinking of is the unused allowance form previous year to avoid the pension tax charge.
Further guidance is at Tax on your private pension contributions

Thank you

Hi

If you want your code to remain as is and not collect the underpayment in your 2024/25 tax code you would answer no.
If you do answer no then any balancing payment calculated from your 2022/23 Self Assessment will be due by 31 January 2024. 

Thank you

Hi

You will include it as part of your self employed turnover income.

Thank you

Hi JamesB10216

If the pension contributions are taken from your salary before the tax is calculated then you have already received the relief for the pension contributions and the higher income chil benefit charge will be based on your P60 pay figure.

Thank you