Steve T

Hi, just rang the number you gave me and it appears even the most basic of questions is "tax planning". We are not planning, moving into care is not planning. I'm just trying to find out what the law is and how she may be effected. Any advice would be gratefully appreciated Thank you

Hi, Would appreciate some clarification please. If a Widow sells her property to move into Permanent care will she still be entitled to The RNRB of £175k upon death? Also would the £175k RNRB of her decased husband still be applicable in these circumstances despite the fact that he never Lived in her current home but as the funds were used from the sale of the home they did reside in for the purchase? The Widow has moved twice since her husbands death using the funds from the house they jointly lived in prior to her husbands death. Thank you.

Thank you very much for the clarification. Just one more question please. Hypotheticaly, If I take £1k less pension income Would I be able to offset the excess £1k interest and pay no tax or are they separate matters.

Hypothetically if I only take Personal Pension Income of £12550 on a tax code of 1257L but earn savings interest of £7000 what would the tax be please? I understand that the £1k is covered by the personal savings allowance & £5K by the starting rate for savings. So am I correct in assuming that the tax payable would be 20% of the £1k that exceeds these thresholds?