HMRC Admin 5 Response

Hi Sharon2

Emergancy tax would be appled when you take the pension.  Government pensions normally remain liable to tax in the UK unless you are a national and a resident of Spain

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Hi

1. you need to claim this by completing box 15 or 16    
2. yes    
3. yes

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Hi 

A right to acquire the cash equivalent of securities under such an arrangement is not a security (nor a securities option). It is a type of phantom share plan. See ERSM20196. 
As the payment is from your employer, the income should be shown in the employment section if it is included in your P60. You would then claim credit for the Tax in the foreign section under 'Employment, self-employment and other income which you paid foreign tax on'.
If it's not included in your P60, please include it on the box on the employment page for 'Tips and other payments not included on your P60'.  
ERSM20193 advises that when RSUs payout at the market value on what is called ""dividend equivalents"" in either cash or shares, such payments will generally be taxed as earnings in the year they are received.  
Please see ERSM20193 - Employment-related securities and options: what are securities: RSUs and dividend equivalents

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Hi  Caglar Sonmez

For 2023/24 for every £100 you are above the £50K threshold you pay back 1% of the child benefit. 

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Hi

1. Yes that is correct your allowances will be reduced to take into account the marriage allowance transfer.
2. Yes that would be correct you would have the remainer of your allowances plus the £5000 starter rate for savings.
3. Yes your husband will still be eligible for the £1000 personal savings allowance. 

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Hi

As the 2023/24 tax year has now ended the code would no longer be amended for that tax year.
If you return to PAYE employment in the new 2024/25 tax year then your tax code would be reviewed and issued. 

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Hi 

If your other income goes over the personal allowance £12570 then the starter rate for savings is reduced up to £17570 when you would not be eligible Tax on savings interest

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Hi

It could be that a duplicate Self Assessment record has been set up for you.
We will need to access your record to review this for you.
You can contact HMRC by phone or webchat at Self Assessment: general enquiries

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Hi

If above the personal allowance then your tax code will be updated to include the taxable element. 

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Hi

As the payment is not due until 31 January 2025 then the payment will show as a credit until closer to the due date and then it will be allocated. 

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