Jen1977ni

Oh my, but I've already paid tax on it when I got paid it lol

Jen1977ni

So where is the justification that when I provide for any periods of unemployment by saving, that the government be allowed to get at any interest I make on said savings, which isn't much!!!???

Beoz

They won't tax your savings, only the interest earned, which is income.

Fenton Beasley

I don't think ATO are interested in your mortgage payments so to them, you are making a profit from it.

Jen1977ni

They were interested last year, nothings changed since then!

Fenton Beasley

I thought it was interest on mortgage payments that was deductible, not the actual mortgage payments. I need to investigate.

Jen1977ni

I'm on an interest only mortgage so...

Julian927

I have just heard back from the HMRC having completed a tax return for 2010-2011 tax year. (We emigrated in October.) Firstly they tell me how much I owen them, OK fair enough....but then they say I have to pay them on account for next year when I will not have been in UK at all...the only income I have is my state pension and teachers pension....my understanding was that they would be taxed in Australia.
Does anyone have any experience about this?
Julie

ozhappy981

It's the HMRC computer that has worked out that you need to pay on account for next year ... the computer does not know/understand that you have left and that next year your state and teachers pension will be taxed in Australia.

You will have to write to HMRC so that a "human being" looks at it - and then re-sets your record in the computer. As for the address to write to: Your latest assessment notice from them should have the address of the HMRC office that deals with your tax affairs.