{"id":3056,"date":"2015-03-19T10:50:29","date_gmt":"2015-03-19T10:50:29","guid":{"rendered":"http:\/\/www.paperstone.co.uk\/News\/?p=3056"},"modified":"2015-10-29T11:41:14","modified_gmt":"2015-10-29T11:41:14","slug":"self-assessment","status":"publish","type":"post","link":"https:\/\/www.paperstone.co.uk\/News\/articles\/self-assessment","title":{"rendered":"Self-Assessment – It’s That Time of Year Again!"},"content":{"rendered":"

\"pound<\/p>\n

It\u2019s nearly the end of the current tax year – so it\u2019s time to have a financial check-in.<\/p>\n

Make sure you\u2019ve taken full advantage of your 2014-15 Isa tax-free allowance – that way you won\u2019t be giving your hard-earned savings to the taxman.<\/p>\n

And if you\u2019re over 55 years, new laws come into effect on April 6, allowing you to choose what to do with the money in your pension pot.<\/p>\n

You will no longer be forced to buy an annuity, and there will be several options available. You can take the whole lot in one go, take smaller amounts according to your needs, or take a quarter tax free, and a regular, taxable income from what\u2019s left.<\/p>\n

The government is developing a website<\/a>\u00a0to help people understand the new rules.<\/p>\n

The end of the tax year is also the right time to check your financial records are in order, especially if you\u2019re self-employed or run a business.<\/p>\n

It will be many months before you have to fill in a self-assessment form, but it\u2019s a good idea to get organised in advance and prepare your end of year figures.<\/p>\n

(Some businesses have a different financial year, so deadlines may be different).<\/p>\n

For more information about tax returns visit https:\/\/www.gov.uk\/self-assessment-tax-returns\/overview<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s nearly the end of the current tax year – so it\u2019s time to have a financial check-in. Make sure you\u2019ve taken full advantage of your 2014-15 Isa tax-free allowance – that way you won\u2019t be giving your hard-earned savings to the taxman. And if you\u2019re over 55 years, new laws come into effect on […]<\/p>\n","protected":false},"author":1,"featured_media":3057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-3056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-Office_Workers"],"yoast_head":"\nSelf-Assessment - It's That Time of Year Again!<\/title>\n<meta name=\"description\" content=\"It\u2019s nearly the end of the current tax year - so it\u2019s time to have a financial check-in.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paperstone.co.uk\/News\/articles\/self-assessment\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Self-Assessment - 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