I started paying 40% tax for the first time last year thru' PAYE. Will I get a tax return to fill in this year, to declare things like interest on my meagre savings? Also, I currently pay 22% tax on the excess between my work mileage allowance and the inland revenue rate (22% on 13p!). Will I have to save up money to make up the shortfall between the 40% and 22% rate? Oh well, at least I benefit from 40% tax relief on my work pension - until they change it all or the company I work with goes out of business taking the pension fund with it......
- posted
19 years ago