Savers, property owners and other tax issues
Updated on 5 April 2023
In this section, we cover income and gains from investments, charitable giving and trusts.
What guidance can I find in this section?
In this section, we provide information on the following areas:
- Savings: since April 2016, the system of tax applied to savings and dividend income means that most people will have no tax to pay on this income. In addition, bank and building society interest is no longer taxed before you get it. Some other types of savings income might still have tax taken off before you get it.
- Property income: this guidance is for you if you receive income from land and buildings – for example, income from letting out a room in your house.
- Council tax and rates: this page gives a brief overview of the primary ‘local taxes’ in the UK.
- Giving to charity: certain payments you make are allowable as relief against income tax. Donations to charity are one such payment.
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Capital gains tax: you may have to pay capital gains tax if you sell an asset and make a profit. We explain how a charge to capital gains tax might arise and list some of the assets that are exempt from capital gains tax, such as cars.
- Cryptoassets: this page gives an overview of how HMRC taxes cryptoassets.
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Trust or estate income: a brief guide to what you need to do if you get income from a trust or the estate of a deceased person, and an overview of the Trust Registration Service.
If you do not think we have covered what you wanted to know, or you would like to tell us of your experiences so that we might learn and try to get things changed, then please contact us.
Where can I get more help?
If you want more information on any of the following areas, you can find it elsewhere on this website:
- Tax basics: information on tax allowances, tax rates and how to claim tax back;
- Employment: how to check your coding notice, as well as looking at employment expenses and benefits;
- Self-employment: how to work out your profits and losses;
- Pensioners: tax on, and during, retirement;
- Bereavement: tax issues arising on death for the deceased, their estate and surviving family;
- Migrants: tax issues for migrants, including residence and domicile;
- Students: information on tax issues for students and repayment of student loans;
- Disabled people and carers: specific tax issues and pointers;
- Tax credits and benefits: help to ensure you receive the appropriate credits and benefits;
- Childcare: information about the different types of financial support that is available from the government to help with the costs of childcare.
- Taking on an employee: information primarily aimed at small or micro employers;
We also have another website that you may find helpful:
- RevenueBenefits: information for advisers who get involved in HMRC-administered welfare benefits, and national minimum wage; including transitional information for the move from tax credits to universal credit.
HM Revenue & Customs (HMRC) manage the UK tax system. You can find their contact details on GOV.UK.
Throughout this website we can only offer general guidance on tax topics and you should always obtain specific advice before taking any action. You can find out where to get specialist help on our Getting Help page.
Tax guides
Introduction to the tax system How do I work out my tax? What income is taxable? What tax allowances am I entitled to? What tax rates apply to me? How is my tax collected? What if I cannot pay my tax bill? Do I need to complete a tax return? Self Assessment: understanding the basics What is Simple Assessment? How do I claim tax back? How do I claim back tax I have overpaid through PAYE on wages or pensions? How do I claim back tax if I complete a tax return? How do I claim back tax if I am taxed under the Construction Industry Scheme (CIS)? How do I claim back tax on savings income? How do I claim a marriage allowance refund? How do I claim back tax on a payment protection insurance (PPI) pay-out? Should I use a tax refund company? What is National Insurance? How do I get a National Insurance number? What are Specified Adult Childcare credits? What is Scottish income tax? What is devolution? Do I have to pay Scottish income tax? How does Scottish income tax work? What is Welsh income tax? Do I have to pay Welsh income tax? Do I have to join a pension scheme? Tax relief on your pension contributions HMRC digital services Enquiries, penalties, appeals, complaints and debt Enquiries How to survive an enquiry by HMRC Tax penalties Tax appeals Alternative Dispute Resolution How do I complain to HMRC? What if I cannot pay my tax bill? What if I have a tax credits overpayment?
Am I employed, self-employed, both or neither? Working through a limited company What is the national minimum wage? How do I work out my tax? What income is taxable? What tax allowances am I entitled to? What tax rates apply to me? How is my tax collected? How is tax collected on taxable state benefits? How do I check my coding notice? Do I need to complete a tax return? What tax do I pay on redundancy payments?Employment benefits and expenses What are benefits-in-kind? What payments and benefits are non taxable? What if I incur expenses in relation to my job? What travel expenses can I claim? What if I use my own car for business purposes? Payroll giving Allowances and expenses paid to armed forces personnel and deductions from their income Pensions and employees What is automatic enrolment for employees? What National Insurance do I pay as an employee? How do I repay my student loan? What if I do not pay enough tax? What if I pay too much tax? What if I work abroad temporarily? What if I am in the armed forces and work overseas? First time workers Apprenticeships
Am I employed, self-employed, both, or neither? How do I register for tax and National Insurance? What business records should I keep? Working out profits, losses and capital allowances When do I make Self Assessment payments and file my tax return? How do I pay tax on self-employed income? What tax allowances am I entitled to? What is the trading allowance? What National Insurance do I pay if I am self-employed? What is the Construction Industry Scheme (CIS)? Tax checks for taxi, private hire and scrap metal licences How do I work out my profits for universal credit? Do I have to pay VAT if I am self-employed? What is Making Tax Digital for VAT? Pensions and self-employment How do I repay my student loan if I am self-employed? Introduction to enquiries
Pension jargon buster Approaching retirement What is income? How do I work out my tax? What income is taxable? What tax allowances am I entitled to? What tax rates apply to me? How is my tax collected? How do I check my coding notice? Tax code problems on retirement What should I do if I have not paid enough tax? What tax do I pay on savings and dividend income? How do I claim any tax back? Do I need to complete a tax return? What National Insurance do I pay after retirement? What happens if I retire abroad? What is the tax position when I take money from my pension flexibly? How do I cash in my small pension? What tax do I pay on my state pension lump sum? What is state pension deferral?
Taxes on death: overview Dealing with the deceased's own tax affairs Tax on income and gains after death Death of a spouse or civil partner Joint property on death Pension and life assurance policies on death Income from a deceased's person's estate Inheritance tax reliefs and exemptions State benefits on death Getting help with bereavement and inheritance tax Bereavement jargon buster
