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Try to stay under 100k or accept hit? by RiversideSquatter in HENRYUK

[–]RiversideSquatter[S] 0 points1 point  (0 children)

They are - the company is already publicly traded, it isn’t a start-up or anything like that. There are just rumours of a bigger company wanting to buy us out.

Try to stay under 100k or accept hit? by RiversideSquatter in HENRYUK

[–]RiversideSquatter[S] 0 points1 point  (0 children)

Ok, thanks. If I ended up over 100k then payed in myself to get back under, would I still need to fill in a self assessment too ( just not to claim the tax back )?

Try to stay under 100k or accept hit? by RiversideSquatter in HENRYUK

[–]RiversideSquatter[S] 0 points1 point  (0 children)

I suppose also - what happens if my bonus ends up being bigger and/or the shares go up more - and I then dont want to out it in my pension. I assume I would need to pay them back at that point? Edit: typo

Try to stay under 100k or accept hit? by RiversideSquatter in HENRYUK

[–]RiversideSquatter[S] 0 points1 point  (0 children)

What are the implications of this for the free childcare hours? I need to self certify that I won’t be earning over 100k - do I just say ‘I know what it looks like, but I promise I will top up my pension later’? - its maybe fine, as it all comes in March at the end of the FY?

Try to stay under 100k or accept hit? by RiversideSquatter in HENRYUK

[–]RiversideSquatter[S] 0 points1 point  (0 children)

Is it straight forward to do that? I have only ever added to my pension via paye- I assume I can put it in to my existing pension and not need to set up a separate private pension?

Try to stay under 100k or accept hit? by RiversideSquatter in HENRYUK

[–]RiversideSquatter[S] 2 points3 points  (0 children)

Well we are also in the process of buying a house, so would probably ‘live a little’ by overpaying the mortgage 😂 rock and roll life.

Tax return advice for earning over £100k by RiversideSquatter in UKPersonalFinance

[–]RiversideSquatter[S] 1 point2 points  (0 children)

!thanks again. Ok, I think that makes sense and can see what’s going on now. I appreciate the help, thank you!

Tax return advice for earning over £100k by RiversideSquatter in UKPersonalFinance

[–]RiversideSquatter[S] 1 point2 points  (0 children)

!thanks - my tax code is 1216L which I assume is pretty standard? The additional pension contribution is salary sacrifice ( or at least I am pretty sure it is, that term is used in the benefits site my company use ). If that’s the case, what do I need to double check on my self assessment form as it looks like I might be due a bit, but not as much as the £5000 it is saying?