What is the isa allowance for 2006/2007? answer on here does not seem right?
456164
Yep - it's still £3000 for a mini cash ISA, £7000 for a maxi. ISA'a will remain unchanged until 2010 - after that, who knows??
1060830
Depends on how often you are planning on being back in the UK. You are allowed so many days a year. See the Inland Revenue website for details.
343727
BR is basic rate - it means that you will pay tax at the basic rate of 22% on all taxable income. It is also known as the emergency tax code.  If you have changed jobs recently you need to provide your new employer with your P45 from your previous employment as this will let your current employer know how much tax & NICs you paid in your previous job and lets them tax you at the correct rate rather than 22%.  \n\n489L is the standard allowance for a person under the age of 65 for the tax year 6 April 2005 - 5 April 2006, it basically means that the first £4,895 employment income that you receive is not taxed and the subsequent £2,090 is taxed at 10%, ie on the first £6,985 income you would only pay £209 tax.  Any earnings between £6,986 to £37,295 is taxed at 22% and above £37,296 is taxed at 40%.  This does not take into account any savings or dividend income which are taxed at 20% and 10 or 32.5% respectively.\n\nWhen your employer receives your tax coding they will normally apply a rate of tax from a special table meaning that your tax for the full year on your salary will be worked out and then you will pay the same amount of tax in each payment period.
358266
If it's your main residence and you live in the UK no. If it's not your main residence you pay capital gains tax. You have an allowance for capital gains for the year 2006 to 2007 of £8,800 so you pay tax on a gain over that. you should also adjust for the effects of inflation - check the finance pages on TV teletext - there used to be a chart for that on there - not sure if there still is. Outside the UK the tax rules are probably similar - ask your local IRS office. Incidentally, capital gains applies to the sale of a copyright so if you write a magazine feature in the UK and get paid up to £8,800 in this financial year - you won't pay tax on it. Assuming you haven't used your allowance for something else. Capital gains tax does not apply to cars, household furniture, etc. Basically, stuff that goes down in value normally. So you can't offset the loss on a car against a gain. But a gain on a car is tax free (as long as you don't sell them as a business).\n\nThat is one hell of a top answer! 10 points!
914589
You can go to this website, put in your details and it will give you an estimation. Or you can call them and do it over the phone and they will tell you approximately how much you are entitled to. It may not be exactly what you get but it's usuall pretty close.\n\nhttp://www.taxcredits.inlandrevenue.gov.uk/Qualify/DIQHousehold.aspx
885284
Go and see a solicitor, maybe a letter from them may scare him into paying up. Good luck :-)
1179702
Just going through the application process now - and the first answerer is correct.  If you are in receipt of a qualifying benefit - i.e. Income Support you are given financial support.  You can also receive a partial or full financial award if you are a low income family or individual - I think £15k is the cut off for assistance.  But if you have any questions go to http://www3.open.ac.uk/courses/about/p6_1.shtml\nthey have a calculation tool to advise how much support you can get.  The only problem I had is that you HAVE to have a bank account in your name, which I didn't have - I only had a post office account.  Good luck x x x
294888
You should check with a good accountant (not one of the walk up places like H&R). I am pretty sure that Capital Gains is to be paid only on amounts over $250,000.
1000471
Looking at your answers so far, mine might be a bit generous, but I got the accountant who sits by me to work it out - so here goes:\n\n£5,035 is not taxed (this has recently gone up)\n£2,150 is taxed at 10% (£215)\n£11,815 is then taxed at 22% (£2,599)\n\nThat means that £2,814 is deducted each year, leaving you with £ 16,186 which is £1,349 per calendar month take home pay.
820563
Don't worry, if you pay excess tax just visit your tax office- or try visiting www.gov.uk and find an online form. Just tell them you have been paying too much tax- the time limit is about 4 years so 5 months is not a problem.\n\nYou will be able to have your no tax and basic tax allowances recognised- once that happens your tax will be recalculated (spreading these allowances over the rest of the tax year) and will much lower for the rest of the year.
1120531
It's a lottery type thing. Not on the shores of the US--that should cause you some concern. Their website says you get your return on investment in two years.
981266
The Inland Revenue did this to me too when i reapplied for my tax credits in April of this year. They said i had earned £2,500 more than i had declared, and through this i owed them the money and they have stopped my credits until April of next year. I too am a single parent, they tell us to go back to work and we will benefit but we dont at all. What we earn we end up paying back out. I used to get help with my rent when i first went back to work too,  now that has stopped and im to pay out the full amount of rent which is £98.00pwk. Personally i would be better off on the social, although i dont want to be part of the people that take money off the state to live on and receive handouts. I  wanted to do right by my family and earn my way through life. Good luck hun hope all goes well for you but its a crap system dont you think. xx
325118
I found this website really useful:\n\nhttp://www.direct.gov.uk/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/BeginnersGuideToTaxArticles/fs/en?CONTENT_ID=4015472&chk=iIHw8P
251653
What is the question?\n\nYou should speak to an accountant so that you won't get penalized by the IRS.
397967
as much as you can! you should get a pension asap, compamny schemes are good as the company puts in aswell. see your financial advisor asap
441481
The link below details all rates, basically for the tax year 2005/06 (april 6th 2005 - April 5th 2006) the personal allowance was £4895 - you can earn this amount tax free, this year you can earn £5035 tax free
601091
Yes, if you have over £6,000 in savings it affects your claim.  I don't think you can claim it if you have over £6,000.