Skip to main content

This is a new service – your feedback will help us to improve it.

  • Pension contributions as self-employed

    Hello, I have recently become self-employed and I have started paying by direct debit into an old pension pot I had with a previous employer. I understand that I can claim tax relief on my pension contributions. However, I am unsure how and when this can be done. I have read online that the pension provider itself will claim tax relief back on my behalf. Is this correct? If only I can do it, when is the time to do so? In April, at the end of the tax year? Thank you, Paulo
  • Tax on savings account interest 2023-2024

    Hi, I live in Scotland and during the tax year 2023-2024 I earned more than £1000 in interest from savings I had in several bank accounts. I understand I will have to pay income tax on earned interest above £1000, correct? Will the banks inform HMRC of how much interest I earned or do I need to declare it? If I need to declare it, how can I do it and by what deadline? Thank you, 

    Name removed admin .
  • Self-employed vs. Ltd company

    Hi, I want to start working as a freelance geophysicist for whoever might require my services. I anticipate that I work predominantly offshore in UK waters but also internationally. However, I do not know what the advantages and disadvantages are of working as self-employed worker vs. setting up my own Ltd company. Can anyone give some advice? Than you, P.