I’m confused over box 20p.
Last year we ticked it but got a message from the tax folk that it would be beneficial to NOT tick it. We made the change and our tax bill was reduced.
Now my wife has received an info bulletin fron an insurance agent ‘explaining’ Box 20P. In the ensuing tables and explanations she advocates BOTH ticking AND not ticking box20p , at different times, so we are confused.
My wife will be asking her to clarify. I’ll let you know the outcome. (if I remember)
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• Cocher la case “2OP”
Si vous avez des revenus financiers, vous devez choisir pour leur imposition entre le prélèvement forfaitaire unique de 30% , ou le barème progressif de l’impôt sur le revenu.
“Globalement, si l’ensemble de vos revenus financiers représentent au maximum 29.300 euros, cochez la case 2OP” pour bénéficier du barème progressif de l’impôt sur le revenu qui sera dans ce cas là plus avantageux, indique François-Xavier Soeur.
Impôts: ces éléments à ne pas oublier dans la déclaration de revenus.
As long as you have a UK bank account you can invest in ANY NS&I bonds.
But knowing that you will have to declare any winnings to the fisc and pay social charges and potentially income tax on them, rather takes the shine off.
When you have finished your declaration completely and you arrive at the last page, but before signing, you can do a simulation of how much tax you have to pay with 2OP and without 2OP. Just tick and then un-tick 2OP and go to the last page to see which is best for you.
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Thank you very much. I’ll try that.
Yes but I treat any winnings as interest and pay tax accordingly.
Admittedly, it would be galling if I were to win a million, but what are the chances of that?
65,054,080,275 to one, apparently, for any single premium bond. 