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  • RE: NI voluntary class 2 paid in May 2024, no update yet?

    Dear HMRC, I am in a similar situation to EllieMay and Hasnain. I am in the UK and I applied to pay for Class 2 contributions retrospectively in early July 2024 for period working in Qatar between 2019-2021. I paid up using the 18-digit reference no. starting "1133..." the HMRC representative gave me. I also paid voluntary contributions for 2022-2024 whilst temporarily employed in UK (18-digit reference starting 6099). I've been checking my HMRC app, but it hasn't been updated- it's now more than six weeks since I made these payments. I would have expected these voluntary payments to be shown by now. Can you advise?
  • CGT loss to offset 'chargeable gain' on sale of investment bond

    Hello, I have an investment bond that I purchased >20 years ago, currently valued at £25,000. I want to take out 5% (£1,250) of this amount this tax year. As I am a higher rate tax payer do I have to pay a chargeable gain on the £1,250 taken out; or can I use accumulated CGT losses of circa. £10,000 from sale of shares in previous tax years to offset this? In other words, is CGT the same as 'chargeable gain' on selling a portion of my investment bond? Thank you.
  • Tax on savings interest

    I was listening to a popular money programme on the radio where there was discussion about tax on interest from fixed-term deposit cash savings. Can you please clarify whether annual interest accrued in the account should be declared on SA100, even if the FD term is, say, 3-5 years and has not matured?