SteveK
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Should savings interest be declared as income when reporting a capital gain on property sale
If my income is a mixture of salary, rental profit and savings interest (not in an ISA account) should the amount entered in Section 3 of the CGT online form 'What do you expect your gross income will be in this tax year?' include the sum of all these income sources, even though savings interest is generally not taxed for first £1000? -
Pension contributions where relevant earnings are below the personal allowance
Is it true that if relevant earnings (ie. salary) is £12,000 (below the personal allowance) I can still contribute £2,880 to a pension refund that provides relief at source, increasing the contribution to £3,600 gross of 20%, even though relevant earnings are not subject to 20% tax, being below the personal allowance?