HMRC Admin 25 Response

Hi ade,
The maximum you can put into a pension scheme and obtain tax relief is the lower of your annual employment income or the official threshold (was £40000 and is now £60000).
Now that you know your threshold.
You can carry forward from the 3 previous tax years, the difference between what you paid into your pension scheme and your pension threshhold. This is added to the threshhold for the year in question, to give you the maximum you can put in and obtain tax relief on.
Any amount overt this can still paid into your pensions scheme, but it does not qualify for tax relief.
You need to declare this excess in a Self Assessment tax return.
Please have a look here:
Tax on your private pension contributions
Thank you. 

Hi C,
No, as this is not 'earned' income.
Thank you. 

Hi klyveld,
Please refer to:
Tax on foreign income
Thank you. 

 

Hi KuenHK Lam,
If you have your own written details of when purchased you would then be able to contact the companies concerned to confirm the price at aquisistion.
Thank you. 

Hi KuenHK Lam,
Please refer to:
HS285 Share reorganisations, company takeovers and Capital Gains Tax (2024) Updated 6 April 2024
Thank you. 

Hi Juan Rodriguez,
To review both your previous overpayment, and the underpayment amount present in your code, we would need to review your tax record.
To allow us to do this, please contact us by webchat or phone here:
Income Tax: general enquiries
Thank you. 

Hi Edward Parsons,
If you remove the shares from your save as you earn scheme (SAYE), you will be liable to pay Capital Gains Tax on any gains when you dispose of the shares.
To avoid this you can put them into your stocks and shares ISA withing 90 days of taking them out of your SAYE scheme, up to maximum of £20000.
If you leave it longer than 90 days, you cannot put them into your stocks a shares ISA and Capital Gains Tax laibility then becomes a possibility.
Thank you. 

Hi Hugo Bussiere,
These repayments are most likely end of year reconciliations that have factored in unused tax-free allowances for the 21/22 and 23/24 tax years.
If you'd like us to review these repayments, please contact us by webchat or phone here:
Income Tax: general enquiries
Thank you.
 

Hi Fee0606,
While the first £30,000 of a settlement agreement will often be tax free, this can depend on the type of payment being received.
To confirm this for you, contact us by webchat or phone here:
Income Tax: general enquiries 
Maintenance payments are not considered taxable income, and so do not need to be included.
Thank you. 

Hi clion,
Your banks and building societies will automatically inform us of any untaxed interest received after the end of the tax year.
If you would like to query the amounts declared, though, or add any you believe may have been missed, please contact us by webchat or phone here: Income Tax: general enquiries
Thank you.