BN66 - Time to fight back (Chapter 3)

[bombaycat]

No they dont get in touch : as they are very very busy. But appeals are number one priority.

BP

Which is the best use of their time of course. Presumably we'd see the CN demand on the Gateway wouldn't we as tax owing? So if we are checking that and it says nothing owing then presumably they haven't got to us yet - am I right?

[TheGadgetMan]

Which is the best use of their time of course. Presumably we'd see the CN demand on the Gateway wouldn't we as tax owing? So if we are checking that and it says nothing owing then presumably they haven't got to us yet - am I right?

Yes I would agree with that...I saw my account on the Gateway was updated last Monday (ouch!)...CNs arrived 3 days later...

[AlbionRovers]

My Gateway account doesn't say anything in terms of money owing, it just asks me to ring them up if I have any Q's.

[macdat]

The gift that keeps on giving.....

Got my 3rd (out of 4) 'Amended Self-Assessment' in the mail yesterday, this one is dated 19th March and is for the 06/07 SAR.

Just the last 07/08 (and a bit smaller) SAR to come ... total now owing is in the upper echelons of 5 figures and the 4th 'CN' will push it into 6.

A bit of advice please .... As a lot of you folks, I have no where near the amount of money that my SA balance says I owe, I could probably scrape together 1/3 of it eventually by cashing everything in but could probably only 'spare' 10k ish now ... is it worth putting 10k into a CTD given that I 'owe' 10 times that ?

thanks

[johnnyguitar]

CTD & savings

Got my 3rd (out of 4) 'Amended Self-Assessment' in the mail yesterday, this one is dated 19th March and is for the 06/07 SAR.

Just the last 07/08 (and a bit smaller) SAR to come ... total now owing is in the upper echelons of 5 figures and the 4th 'CN' will push it into 6.

A bit of advice please .... As a lot of you folks, I have no where near the amount of money that my SA balance says I owe, I could probably scrape together 1/3 of it eventually by cashing everything in but could probably only 'spare' 10k ish now ... is it worth putting 10k into a CTD given that I 'owe' 10 times that ?

thanks

I was toying with the idea of buying a CTD but given that you can get a Cash ISA paying 3.61%, I'm going to buy 4 of these first (with my wife, over this and next tax year). Then look at other savings options.
Don't see why 'they' should benefit at all.

[DonkeyRhubarb]

Got my 3rd (out of 4) 'Amended Self-Assessment' in the mail yesterday, this one is dated 19th March and is for the 06/07 SAR.

Just the last 07/08 (and a bit smaller) SAR to come ... total now owing is in the upper echelons of 5 figures and the 4th 'CN' will push it into 6.

A bit of advice please .... As a lot of you folks, I have no where near the amount of money that my SA balance says I owe, I could probably scrape together 1/3 of it eventually by cashing everything in but could probably only 'spare' 10k ish now ... is it worth putting 10k into a CTD given that I 'owe' 10 times that ?

thanks

I wouldn't bother with a CTD in your position. They are only charging 2.5% at the moment, which on £10k is only £250 a year. You'd do just as well putting it in a cash ISA, or if you or your other half is a low-rate tax payer then I can highly recommend this account:

http://www.investec.com/UnitedKingdo...ices/High5.htm

[macdat]

I wouldn't bother with a CTD in your position. They are only charging 2.5% at the moment, which on £10k is only £250 a year. You'd do just as well putting it in a cash ISA, or if you or your other half is a low-rate tax payer then I can highly recommend this account:

http://www.investec.com/UnitedKingdo...ices/High5.htm

Thanks DR, although the High 5 account has a minimum deposit of £25k, will just add more to my existing ISA etc.

cheers

[DonkeyRhubarb]

Thanks DR, although the High 5 account has a minimum deposit of £25k, will just add more to my existing ISA etc.

cheers

Sorry, yes I'd forgotten the £25k minimum.

[poppy01]

I've asked this before but dont think I got an answer.
In the worst case scenario (i.e. we lose) and I have to somehow find
the money, does anyone know if I can use my pension fund to help
pay it, it would probably pay about 2 thirds, but I'm not sure what the rules are.

[wlc30]

Previous Lurker here, MP reply received

Hi all, firstly thanks for the good work so far, I was directed to this site/thread via an email from Montpelier. Both myself and my partner began with Montpelier in Mar 2004 and are still with them on the 'new' scheme, one of us being now being employed and the other still self-employed. I'm not going to pretend that I have read every post on this thread but would I be right in thinking that most people have now left Montpelier, if so why is this?
Anyway the main reason for now joining and posting is to advise of the second response received from my local MP, David Chaytor, Bury North, after his initial acknowledgement reply to my letter.....as follows:

"Thank you for your letter regarding the financial problems that your family is experiencing due to the retrospective measure of Section 58 in last year’s budget.
I have written to the Rt Hon Stephen Timms MP, Financial Secretary to the treasury and passed on your concerns. I will write to you again once I receive a response from him.
Thank you for bringing this matter to my attention.
Yours Sincerely
David Chaytor"