ChatterBank0 min ago
Pensioner Income Over Tax Free Allowance
My neighbour asked for my help at the weekend with some paperwork.
We were working out her income and I discovered it was over the tax free allowance by £600.
Looking back on previous years as far as I could go - her income has always been over the allowance, but she has never completed a tax return.
Her attitude is she paid enough in during the 15 years she was a business owner so why should she give them more now!
What are the chances of her getting caught?
Thank you
Answers
If she goes through the HMRC questionaire it will tell her if she should be completing a tax return. If the computer says "NO" then it is up to Revenue to take her income into account & issue a tax assessment/demand if necessary.
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my 2 pence
They are excluded from the income amount.
I came here to ask advice and I am not sharing financial information other than where her income is coming from - I am not giving anything away that I have not asked her permission to share.
This is a question site and if you ask a question that is for once a valid question you are met with derision and mirth!
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