Prepare for the Self Assessment

We like to help you to be as organised as you possibly can be – and so, we’ve created a checklist for you – to help you prepare for the Self Assessment for 2016/2017.

The deadline is 31st January 2018 – let’s start putting everything together now so you’re ready to go with it!

So… start thinking about the following…

• Your income and expenses from your profession.
• Earnings from your employment
• P60, P45, PIID, any PAYE coding notices for 2016/17, any deductible expenses (professional fees, subscriptions)
• Pension Income received
• State retirement/widow’s pension
• Pension income – lumps sums/draw downs
• Taxable Social Security Benefits
• Jobseeker’s Allowance, Incapacity Benefit, statutory redundancy payments
• Income from Property
• Rent – to include expenses incurred; maintenance, repairs, renewals, agents’ fees etc)
• Income from Savings and Investments
• Excluding ISAs
• Income from Overseas
• Other income received
• Including from Trusts and Estates
• Pensions Contributions
• Loans/mortgages sued for business purposes
• Enterprise Investment Scheme, Venture Capital Trust or similar investments made
• Charitable Payments (under Gift Aid rules – UK registered)
• Changes to Personal Circumstances
• A change in circumstance – marriage, civil partnership, separation, divorce…
• Student Loans
• (provide information about when it was taken out and a loan statement)
• High Income Benefit Charge

If you can start thinking about these, maybe even begin making notes, you can think about being ahead of yourself with your self-assessment…and there really is no better feeling, is there?!