Amy R

Hi i have a full time normal job and did a one of job last year for 20k as a side hustle Im doing my self assessment and i have a tax bill for the 23/24. However its predicting i'll get this again this tax year. So have to pay half of next years tax bill plus the 23/24 tax bill. then the second half in july. I will do no more side hustle work this year. Can i get the two predicted tax bills taken off? If i do get them taken off and i end up doing work (very very very unlikely). I will get a tax bill for 24/25 next year in 25/26, Will i have to pay interest as i kinda delayed the payment?

If the user is a 40% tax payer, they have to do self assessment to claim the 20% back from there sipp contribution no?

Ok i'll look at this

There must be a formula to get to that number? The £3690.79 I cant seem to work out how it came to this. I read some things since. Seems I could have put 80% of what i made into the Sipp and you top up then with the money left over i pay back the 20% you gave me? Is that correct? Also I have a full time job this was a one off job i was paid the £15910. Do i need to register as a business for one off work?

It was a one off payment, Do I need to register as a sole trader?

Thanks for the update! So I did this last year for 22/23. I put everything into my sipp and i got 25% auto relief and then the amount added to adjust my 20% tax band. So less tax to pay 40% tax. Weird thing is owe ni and i seem to have a massive tax bill. I cant get my head round it. Reading else where i should have put 80% of the income i made into the sipp. it would be topped up 25% to bring it to the total i made. then i need to pay back the different in tax. Which i already have in cash ready to pay the tax man. Its hard to get a proper answer. I spoke to a few tax advisors and no of them suggusted that. I suspect if you put it all into you sipp. You will get 25% automatically, but you will owe that money back in your tax return .

Hi is there a way to put all my freelance into my sipp in order to increase my pension contributions and avoid paying any tax at all on it? I make enough from my main job so the freelance work id love to have all in my Sipp Whats the best way to this?

Hi am I due ni? with this? I can't get the math right for £3690.79 either. Do you have a formula for it? I understand the last two numbers now as advanced payments. ty!

Hi wondering if anyone knows the best way to do this and does it themselves I got paid 10k in freelance and I have a normal paye job I read I could put all this into a sipp and pay no tax on it at all? I’m reading if I put it into a sipp I get a 20% relief though. That brings me to 12.5k in my sipp and I’m entitled to an extra 20% as I’m a higher rate tax payer. Is this right? I made 10k untaxed and now I’m 140% up? Is there a proper way to do this so I pay no tax on this at all while moving toward fire?

What does this mean? 'The payment you make direct yourself is claimed under a different question on your tax return as no tax relief will have already been applied.' I cant work it out.