I have been retired for 12yrs and have paid tax on
a private pension for the 12yrs. My total income is
£150 per week (tax paid annually is £160--48p)
Would I be able to claim a rebate?
2007-04-21 05:29:54 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
On the face of it you are entitled to a rebate.
If your total income is £150 per week thren this equates to £7,800 per year.
If you are over 65 years of age then you are entitled to a personal allowance of £7,280 (2006/07 rates).
This leaves your taxable income at £520 with a tax liability at 10% equal to only £52.
2007-04-21 10:59:00 · answer #1 · answered by tringyokel 6 · 0⤊ 0⤋
Need more info - your age and marital status. Also, does the £150 include the State pension and any investment income?
2007-04-21 19:59:31 · answer #2 · answered by fengirl2 7 · 0⤊ 0⤋
Your sister cannot said to be dependant on you and you cannot claim relief under 80 DD. To confirm the position, contact the PRO, IT.
2016-04-01 00:26:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋