Hi All,
I am doing my parent's form 11 for 2012. Their only sources of income is the state pension and an occupational pension which gives a total income of 44k (27k occupational pension, 17k state pension). Both were 69 in 2012
Once the std tax credits, age credit and health expenses and service charge is deducted I am getting a tax liability of 1,300 due and I am concerned I am missing something or ticked an incorrect box somewhere, so would appreciate guidance from the tax guru's here.
If it is due, I am assuming that the same will have to be paid now for 2013 to avoid interest penalties?
Thanks
I am doing my parent's form 11 for 2012. Their only sources of income is the state pension and an occupational pension which gives a total income of 44k (27k occupational pension, 17k state pension). Both were 69 in 2012
Once the std tax credits, age credit and health expenses and service charge is deducted I am getting a tax liability of 1,300 due and I am concerned I am missing something or ticked an incorrect box somewhere, so would appreciate guidance from the tax guru's here.
If it is due, I am assuming that the same will have to be paid now for 2013 to avoid interest penalties?
Thanks