Tagged Questions

For questions that relate to the laws, practices, and products of the United Kingdom.

learn more… | top users | synonyms (1)

0
votes
1answer
32 views

Is there a reciprocal agreement between US and UK for credit on social security taxes?

I am a UK citizen living and working in the US. When I return to the UK can I get a credit for the social security taxes I paid over many years in the US - in other words does reciprocity exist on ...
2
votes
1answer
85 views

Ready to invest but I'm overwhelmed with the number of brokers and services

I have £15,000 - £20,000 to invest for the long term and I've researched what I will regularly invest in to: Pension, Index funds, Bonds, small number of individual stocks (maybe) as well as my cash ...
0
votes
1answer
28 views

What is tax form SA2002, in the UK

I am trying to rent a place in London. After providing so many forms the realtor is now asking for SA2002. I have tried searching for this but cannot find out what it is. The realtor has the attitude ...
2
votes
1answer
46 views

What is a best way to take earned money from abroad to India?

I am a Indian citizen. I am going to work in UK for some years. I am looking a best way to send my earned money to india. the options are, 1) Saving the whole money in UK and get back all in a bulk, ...
6
votes
1answer
643 views

How do you typically pay a deposit for a house?

I am in the final stages of buying a house. My solicitor has given me bank details and requested that I send the full amount owed for the house + solicitors fees - mortgage. This totals around 120,000 ...
0
votes
0answers
19 views

International Student in United Kingdom eligible to Invest

I am a International Student studying in London with a Tier 4 Student VISA. Am I eligible to invest in stocks, bonds or funds through brokers or banks in the United Kingdom? I tried to search Home ...
2
votes
0answers
42 views

(UK) If i inform the Jobcentre that I am paying someone's rent, will it harm their benefits claim?

I am paying the rent for a homeless friend, and my/his rental costs are all over the shop due to poor/misunderstood information. I have given him my mobile number to pass on to the landlord so that ...
0
votes
1answer
35 views

For my self assessment do I need to fill out both the Capital Gains Summary and Tax Return?

I received a documents through the post from the HMRC, a Capital Gains Summary and a Tax Return. The thing is I just want to tell them my gains/losses in shares using the Capital Gains Summary ...
0
votes
1answer
51 views

What taxes does a US citizen doing freelance work (self-employed) in the UK have to pay to the US government?

Currently I'm a US citizen living in the UK on a Maltese (EU) passport. While I have worked full-time for companies here in the UK, I've recently had an offer to do some freelance work for a company ...
5
votes
1answer
587 views

Should I combine all my pension pots?

I live in the UK. I have a private pension with Scottish Widows and a University pension which is superannuated. I no longer pay into the SW pension as a legacy of money difficulties in 2010 which are ...
1
vote
1answer
37 views

UK Citizen, Japanese Resident - where do I pay tax for royalties paid to UK bank?

I am self employed, work and reside in Japan. Most of my income gets paid vis PayPal or directly to my Japanese bank account. The exception is my Amazon royalties that can't be paid into a Japanese ...
2
votes
2answers
77 views

Legality of facilitating currency exchange between private accounts

I have accounts in India and the UK. Similarly, a friend has an account in each country. If I am in need of some money in GBP, I could receive money in my UK account from my friend's UK account. I ...
1
vote
1answer
64 views

England: Alternative to Student Finance

I am currently considering a change of course at my current University, but as I have already just started my second year of study, I won't be entitled to one years tuition fee loan from Student ...
0
votes
0answers
51 views

Bringing money to UK for investment purposes

What are the tax implications on bringing money from abroad to UK for investment purposes on starting a private Ltd company (Rental business) and also for giving it is a loan to a actively running ...
3
votes
2answers
124 views

Renting Out A Spare Room UK

I'm in the process of buying a two bed property and have a few friends interested in renting out the spare room. Looking into it, it seems this would be taxable income though there is the rent a room ...
0
votes
0answers
32 views

What should I take into consideration when deciding whether to transfer a pension fund?

I have a pension with a previous company, and a pension with the company I am working for now. The two pensions are very similar as far as I can tell. How should I decide whether to leave the old ...
1
vote
2answers
278 views

How much should a 24 year old contribute to a pension?

Im 24 and going to set up a pension. I don't know how much to contribute. Can anyone give any advice on how much they think I should contribute? My employer doesn't offer any pension benefits and I'm ...
1
vote
1answer
52 views

What money is ISA interest actually calculated on?

Say at the end of year 1 I have a cash ISA with annual interest maxed out at £15,000 (I'm not certain of the exact maximum) For that year, suppose I am paid tax free interest at 2% so my balance is ...
1
vote
0answers
34 views

As a french tax resident, do I have to pay french capital gains tax on a UK property

I have had a UK property for 11 years (currently let out) I live in France and have been tax resident here for 6 years. If I sold the property today, would any Tax be due anywhere?
2
votes
1answer
110 views

Uk citizen working freelance for companies worldwide. Who do I pay tax to?

I'm a designer from the uk who works from home in the uk for companies here & overseas, namely the US. I've worked for a few years to these companies never with any problems, but have now been ...
0
votes
0answers
20 views

What Debtors in Current assets refers to in Abbreviated Balance Sheet?

What Debtors in Current assets refers to in Abbreviated Balance Sheet for Limited company? It's the same as Trade Debtors? Does it mean that somebody else owes the money to a company? If so, any way ...
-2
votes
1answer
51 views

VAT & Tax implications of selling software

I'm having a major problem trying to find out how tax and VAT works when it comes to selling software. I believe new legislation has come in regarding how it all works. I am based in the UK and want ...
2
votes
1answer
190 views

Will it be taxable if I transfer money from UK account to India account?

I am a resident of India and currently in UK for 1 year on a work permit where I am getting salary in Pounds. My Indian salary has stopped till the time I am back in India. Now, I have a Home Loan ...
2
votes
2answers
56 views

How To Record Income As An Affiliate ( UK )

I'm registered as self employed and I now want to start a blog where I can use adverts and amazon to make a little extra cash. Now I know that I have to record anything I earn as an income but I have ...
2
votes
6answers
222 views

UK: Personal finance book for a twenty-something

I am interested in learning more about personal finance. I'm in my early 20's, and I recognise that now is a crucial time to form a solid financial footprint for myself. I live in the UK, but worry ...
1
vote
3answers
78 views

Does immigrating half-way the tax year give tax benefits?

If you would immigrate in October when the tax year starts in April in the UK, would that mean you would pay less taxes? E.g. a yearly gross salary of £60k would be only £30k income in that tax year, ...
1
vote
1answer
150 views

What is the rationale for a separate “National Insurance” tax in the UK?

In the UK there's a type of income tax called "National Insurance", similar to regular income tax. http://www.hmrc.gov.uk/ni/ What is the rationale for having this separate income tax? How does it ...
0
votes
1answer
37 views

Is the BA Avios Visa airlines rewards card worth it?

I fly between the US and UK about twice a year - though so far I've only racked up about 16,500 Avios points with British Airways. I'm due to fly back again for Christmas and New Year. If I were to ...
3
votes
1answer
77 views

Company owners gift to employee UK

The Boss of the company I work for has just sold his company. He has now retired, but he has decided to award monetry gifts to all employees. A formula has been developed to determine a fair ...
1
vote
2answers
54 views

Can I make a joint account in UK?

I am an international uni student living with a British student in UK. Due to complications in dividing money when it comes to buying groceries, we decided it would be best that we open a joint bank ...
0
votes
1answer
203 views

inheritance transfers from the world bank in uk

My girl friend says she has paid the tax on 3.6 million us dollars and is now waiting for a code of transfer from the world bank to be able to transfer funds to any account in the world. It requires ...
0
votes
1answer
142 views

Can everybody affect your credit score?

I have been screwed over paying too much for my public transport a few times. The last 3 weeks they have auto topupped me with a disabled credit card, so now it evens out. I use a UK Blue Oyster Card ...
8
votes
1answer
149 views

Is credit score an international thing?

I have moved from the Netherlands to the United Kingdom and credit score is a big thing here, while afaik there is no such thing in the Netherlands. Will a positive or negative credit score in the ...
4
votes
1answer
58 views

How does ISA allowance cumulate over time?

I don't understand how the ISA allowance cumulate (if it does) over time. Suppose I use the entire allowance for 2014. So I will have in the ISA 15k £. What happens in 2015? Suppose no P&L was ...
1
vote
1answer
71 views

What should i do regarding taxes if I am working full time and have a self employed 'freelance' work?

I have a fulltime work in UK and have an old business which give me some money every few months, I have my national insurance number as a full time worker, but now any money will come from my ...
2
votes
1answer
163 views

Ideas on how to invest a relatively small amount of British pounds

I am of European origin and I live in the U.K, studying for my Doctorate. I have managed to save an amount of money, around 5,000 pounds. I would like to ask what people here think is the best (and ...
4
votes
1answer
127 views

Should I exchange my Scottish pounds for English ones? [closed]

If Scotland becomes independent, is there a risk that Scottish pound notes will become less valuable than non-Scottish notes?
3
votes
1answer
71 views

How are national insurance deductions calculated in the UK?

I understand that in the UK national insurance is a deduction made to your salary. I have seen this question/answer, that lists 2 very good websites that breakdown your take home pay for UK residents. ...
3
votes
2answers
121 views

How to protect yourself from fraud when selling on eBay UK

I have my Mid-2013 MacBook Air up for sale on eBay, and have already had to go through resolution processes after previous auctions were won by obvious scammers (fake PayPal emails, etc.) What I want ...
3
votes
3answers
105 views

UK :: Do I need to pay council tax as a student, during the summer break?

I am a full time uni student in UK. My Course ran from 2013 Sept to 2014 June and starts again in this year September. During the summer holidays, I lived in a private accommodation style property ...
1
vote
2answers
99 views

Is there an investment account where I can owe taxes only if the net of capital gain and dividend payment is positive?

I am planning to open an account to trade or a fund, and I am looking for a very specific legal structure. Basically, I am looking for a legal structure that allows me to receive the gross dividend ...
1
vote
2answers
66 views

Is it possible to transfer money from UK bank account to Egypt bank account?

I am working currently in UK and my HSBC uk bank told me that it is not possible to transfer from/to egypt any money, so is that really true? and what other ways I can do so?
6
votes
2answers
142 views

I recently moved to the UK. Should I do something to build a credit history?

As the title says, I recently moved to the UK and obviously I don't have any credit history there but I think it would be a good idea to start building one, especially because sometimes in the (not ...
1
vote
2answers
105 views

How to safely pay with VISA online

Usually I can get away with PayPal for online purchases, but sometimes I come across a website that only accepts VISA card. I refuse to use my VISA card, as my account contains all of my money, and ...
8
votes
3answers
183 views

Housewife pension options

We live in the UK. I have a job and pay into a company provided pension (with the company then paying in some extra). My wife left her job a couple of years ago and is now a 'house wife' aka ...
6
votes
1answer
768 views

How do I divide equity following separation with cohabiting partner?

I have been in a cohabiting relationship for 20 years - we are living in a property that we have lived in for 12 years - we bought the property for £95,000 and the property is now valued at £190,000 ...
1
vote
0answers
26 views

What regulations are in place to protect consumer's investments in UK?

I know about FSCS (Financial Services Compensation Scheme), which will cover you in case your broker defaults, but it will only cover up to 50K GBP for investments; not particularly much. What ...
0
votes
1answer
71 views

Are index trackers subject to insolvency risk?

If I invest my money in a bank account, the bank could go bankrupt and I could lose all my money - well, at least I could have in the distant past, before government deposit insurance was invented. ...
4
votes
2answers
124 views

UK Contractor with Limited Company

I recently set up a limited company and have an accountant taking care of much of the financial side. I wanted an opinion other than my accountants. For the entire income I recieve from clients I am ...
1
vote
0answers
62 views

Claim tax relief on purchase in UK as full time employee

As a full time employee in an I.T. company can I claim tax relief on purchases related to my job? My employer does not provide a laptop so I was considering buying one myself and was wondering if ...