HMRC Admin 32 Response

Hi Charlotte,

Please have a look at the guidance on ISAs at:

Individual Savings Accounts (ISAs)

Thank you.

Hi,

Please refer to the guidance at:

Tax on savings interest

Thank you.

Hi,

You would need to speak to the bank about this, as opening a bank account is banking matter and not a tax matter.  
You can look at the guidance at RDR3 and take the statutory residence tests.  

RDR3 Statutory Residence Test

This will allow you to determine if you are UK tax resident for the whole tax year.
Thank you.

Hi Blanka,

If the savings in the overseas account arose from income in tax years where you were not resident in the UK, they will not be taxable in the UK. In that case there is nothing to report to HMRC. If the savings generate interest in the tax years you are resident in the UK, this interest is taxable and should be declared.

Thank you.

Hi,

Please have a look at the guidance at:

Pension schemes rates

For 2023 to 2024 and 2024 to 2025 you can pay up to £60000 into your pension scheme and recieve tax relief on the payments.  

The guidance below, advises that you deduct most pension payments when working out your adjusted net income, when working out the reduction to personal allowances and high income child benefit charge (HICBC).

Personal Allowances: adjusted net income

Thank you.

Hi,

As your spouse was the sole owner of the property, they are the legal and beneficial owner of the property. This means that they are solely responsible for all the tax on income the property generates and capital gains tax that may arise from its disposal. It is only where the property is jointly owned by spouses and civil partners that the income and capital gains can be split 50/50 or by the proportions of beneficial ownership. It makes no difference that the income was placed in a joint bank account.  Any interest generated by the joint bank account can be split 50/50, as that is a separate matter.
Thank you.

Hi,

No. You can either claim the property income allowance of £1000 or claim expenses, including residential property finance costs. If you choose the latter, you claim the residential property finance costs in box 44 of SA105 or the equivalent online box. You cannot claim both.

Thank you.

Hi,

To register for Self Assessment and receive your Unique Taxpayer Reference (UTR), complete either the CWF1 or SA1 forms, depending on your circumstances.
You can find out more here:

Check how to register for Self Assessment

Once you've received your UTR, create a Government Gateway account and enrol on there to file your Self Assessment returns online.
You can find more advice on how to do that here:

HMRC online services: sign in or set up an account

Thank you.

Hi,

You can advise of a better estimate to have your code adjusted but you then must confirm the actual amount paid at the end of the year.

Thank you.

Hi Alastair,

As UK resident you are liable on your worldwide income in the UK.

Tax on foreign income

Thank you.