If you’ve recently applied for a mortgage, you likely have been requested to provide documents like SA302 and a tax year overview to verify your self-employed income. If you’re unfamiliar with these terms, refer to the table of contents below for clarification. What is a tax year overview? In the United Kingdom, a Tax Year Overview is a summary document provided by HMRC system that outlines an individual’s income, tax contributions, and other relevant financial information for a given tax year.  The Tax Year Overview is generated by HMRC once the individual has completed and submitted their self-assessment tax return, detailing the amount owed directly to HMRC or any eligible…

This article will guide you on how to change name on national insurance. National insurance change of name contact number The phone number to change name on national insurance is 0300 200 3500 The phone line is closed during the weekends and bank holidays. The expense associated with contacting national insurance contributions office depends upon its initial digits, your telecommunications service provider, and the choice between using a landline or a mobile device. Mobile call falls from 3p to 65p and a landline call will cost up to 16p per minute (is anyone still using these?). If your contract covers a set amount of minutes, this call should be free.…

Delving into the world of dividend taxation as a UK taxpayer can be a nuanced journey for investors and business owners alike. If you ask yourself, do you pay national insurance on dividends? The answer is no, you don not pay national insurance contributions on your dividends income. ​However, dividend income involves various additional factors presented in this article. As an integral aspect of tax planning, understanding how dividends are taxed is crucial for making informed decisions and optimizing your overall financial strategy. This guide aims to empower you with the knowledge needed to navigate the complexities of dividend taxation in the UK. How is dividend income taxed in UK?…