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Examples of: Taxable Income, Gains, Reliefs and Allowances

All taxable income and gains should be included on your tax return form. If you receive any of the following, please inform us in order that we can prepare your tax return accurately. (This list is not exhaustive).

Employment related income
• Wages and salaries including backdated pay awards
• Bonuses
• Commission
• Tips
• Benefits in kind (P11D)
• Redundancy or leaving payments over £30,000
• Statutory Adoption / Maternity / Paternity Pay
• Statutory Sick Pay

Social security benefits and pensions
• Bereavement Allowance
• Carer’s Allowance
• Incapacity Benefit
• Jobseeker’s Allowance
• Employment and Support Allowance
• State Pension
• Widowed Parent’s and Mother’s Allowance
• Widow’s Pension.

Other taxable income
• Profits from self-employment
• Private or employer/company pension income and retirement annuities
• Interest received (£1,000 allowance for basic rate taxpayer, £500 allowance for higher rate taxpayer)
• Dividends
• Taxable gains on life insurance policies
• Income from trusts and settlements
• Profits / gains from the sale of (some) goods and property (including shares)
• Income from renting part of a property, property letting including second homes and from furnished holiday lettings. Rental income from lodgers up to a certain limit is entitled to tax relief under the Rent a Room scheme.

Other information to confirm on your checklist (if applicable)
• You have an outstanding student loan
• You have made a claim for the marriage allowance transfer
• If you are in receipt of child benefit and if so, for how many children

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