The Labour Government

[kaz7]

I have a few shares i could sell, was waiting till a few more years time but my credit card is ramped and savings gone on merlins operation , anyone know if you have to pay tax on a couple of grands worth ? Sorry not real!y the thread to be in

 

[bluenova]

What puzzles me is this. If the Government know that umpteen thousand pensioners are eligible for pension credits, they must know they satisfy the criteria to receive it so why not simply pay it rather than put tons of paperwork in front of them

Because they "know" the approximate numbers who should be eligable, but don't "know" exactly who they are.

 

[mosssideblue]

Because they "know" the approximate numbers who should be eligable, but don't "know" exactly who they are.

Surely they know the far end of a fart of what pensioners are earning and can tell who falls below the threshold

 

[DenisLawBackHeel74]

I have a few shares i could sell, was waiting till a few more years time but my credit card is ramped and savings gone on merlins operation , anyone know if you have to pay tax on a couple of grands worth ? Sorry not real!y the thread to be in

Are they in an ISA ?

If so, you won’t have any tax to pay

If not you would have a tax free allowance of £3000 this tax year, but pay CGT at either 10% or 20% on the remainder of the profit (capital gain)

 

[kaz7]

Are they in an ISA ?

If so, you won’t have any tax to pay

If not you would have a tax free allowance of £3000 this tax year, but pay CGT at either 10% or 20% on the remainder of the profit (capital gain)

Not in an isa , just shares i have had from a company i worked for back in the nineties , thanks for the info

 

[BlueAnorak]

This was in the Telegraph a few days ago - rather apt - in respect to the mirrorr poll that @Chippy_boy
Shared above.
Very reminiscent of the Omnishambles tax on pasties back in the day.

 

[DenisLawBackHeel74]

Not in an isa , just shares i have had from a company i worked for back in the nineties , thanks for the info

You might be able to transfer some or all of them into a stocks and shares ISA, seek some advice on this….

 

[Kirkstall Blue]

.

Surely they know the far end of a fart of what pensioners are earning and can tell who falls below the threshold

I declare how much I need the credit then turns out I’m £10 over the limit and told them everything I own in the process

 

[heslops barnet]

.

I declare how much I need the credit then turns out I’m £10 over the limit and told them everything I own in the process

Be careful what information you offer up……….

 

[denislawsbackheel]

My Mrs was turned down 3 days after submitting her claim form because of a 3 year gap in NI contributions according to hmrc records. Took us 4 months appealing until tax office admitted they had 'lost' her records.

You were shafted then, unless they were saying they couldn’t link her to a NI number.
You don’t have to have any NI record to qualify for PIP.
See
https://www.citizensadvice.org.uk/benefits/sick-or-disabled-people-and-carers/pip/before-claiming/check-you-are-eligible/#:~:text=You%20can%20make%20a%20PIP,savings%20or%20you're%20working.