HMRC Admin 20 Response

Hi,
Please refer to Personal pensions How you can take your pension
Thank you.

Hi,
You need to notify HMRC of any Captial Loss within 4 years of it arising in order that it can be used at a later date.
As you have not needed to file returns, you will need to send in a letter giving details for each year along with a computation on how you arrived at your figures.
Ssend this to
HMRC PAYE & Self Assessment
BX9 1AS
Thank you.

Hi klm,
That is correct.
Thank you.

Hi,
Not aganst the actual interest.
Thank you.

Hi Keith,
If the government pension is below your personal allowances,  no tax will be due.
However it is still classed as taxable here even though it is not high enough.
You will still include this income on the tax return and not on the HS304.
The DT form required is Double Taxation: UK - Spain (Form Spain-Individual)
Thank you.

Hi,
Please refer to Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you.

Hi Ben k,
Please refer to the following Guidance - Individual Savings Accounts (ISAs)
Thank you.

Hi,
As per the guidance at PTM133810 - When does the recycling rule apply?
Paragraph 3A Schedule 29 Finance Act 2004
The recycling rule applies in respect of all pension commencement lump sums paid on or after 6 April 2006, where those lump sums are used as part of a recycling device, regardless of when the significantly increased contributions are actually paid. The recycling rule applies when all of the following conditions are met:
the individual receives a pension commencement lump sum
because of the lump sum, the amount of contributions paid into a registered pension scheme in respect of the individual is significantly greater than it otherwise would be.
Further guidance about what is a significant increase in contributions is at PTM133830
Thank you.

Hi,
As it is joint, use 50% of the amount you are paying.
Thank you.

Hi,
The TC3MM is a letter sent from HMRC to customers who have a tax credit claim but one of the tax years was not finalised correctly at the end of the tax year. The tax years can be several years old.
We ask the customer to check that their personal circumstances were correct and the income was correct for the relevant tax year.
If the details shown are correct the customer does not need to do anything. If anything is incorrect the customer must tell us. If we find that the customer has not received their full entitlement we will pay any underpayments into their bank account.
Thank you.