According to statistics released by HMRC almost 2 million over 65’s now need to file an annual self assessment return.
And as many pensioners rely upon their investments for part of their income, this number will almost certainly rise over the forthcoming tax years as a result of the reductions in the dividend zero rate tax band and annual capital gains tax allowances.
As we have seen in many other walks of life there will be unscrupulous and unqualified individuals looking to take advantage of older taxpayers by offering low fee rates, but producing poor work or failing to deliver at all.
We recommend that you always use a fully qualified and insured professional to help you with your self assessment tax returns. Always use a Chartered Accountancy firm and look for the ICAEW logo.
Need help with your self assessment tax return?
If you need help with any aspect of your self assessment tax return, please get in touch.
