Why is life like that????????

[KeithD]

Just phone the tax office, you don't have to pay it in one, they can sort it so you pay it off over time with a new tax code.

[Alan]

What's tax?

Al.

[Piamed]

Just phone the tax office, you don't have to pay it in one, they can sort it so you pay it off over time with a new tax code.

Hi Keith. I'm breathing again and have just called them but they said they will call me back. They seem not sure of the figures. Hope it wont be even more!

What's tax?

Al.

Lucky guy!

[benb]

Hi Keith. I'm breathing again and have just called them but they said they will call me back. They seem not sure of the figures. Hope it wont be even more!

Lucky guy!

Hey Mate,

sorry to hear that.

Work out the tax yourself as the tax man may get it wrong again.
http://www.hmrc.gov.uk/rates/it.htm

Also, put your savings in Pia's account to lower tax on that. Has she got NI? if so, get ISA for her.

As for rental income, you might want to consider that as part of your wife's income as she has £6k allowance per year. So get the rental income to go straight to her account, she then uses it for regular food, shoes shopping etc. This is only good if the rental income offset against buy to let interest is much higher because she cannot really offset that.

Best Wishes