× Members

Tax exempt IB - what next ?

Start
Prev
1
Next
End

Dippypud
Topic Author

14 years 2 months ago #27237 by Dippypud

Tax exempt IB - what next ? was created by Dippypud

Hi everyone, at the moment I receive IB, because this was awarded before 1992 it is classed as a non-taxable benefit.

What happens when I am moved to JSA/ESA, will this be treated as a "new" award?

Will I lose the non-tax status? :unsure:

Regards, Pud

Please Log in or Create an account to join the conversation.

waltwhitman

14 years 2 months ago #27245 by waltwhitman

Replied by waltwhitman on topic Re:Tax exempt IB - what next ?

I think I read something about this recently and it will be taxed. I can't see them leaving it alone because their aim is to level everything down to the minimum and they really loathe IB.

Please Log in or Create an account to join the conversation.

choogle
Offline

14 years 2 months ago #27249 by choogle

Replied by choogle on topic Re:Tax exempt IB - what next ?

Para 6.16 on p12 of the report available from the following link confirms that tax will be payable when transferred to ESA from IB:

www.ssac.org.uk/pdf/employment_and_support_allowance_regs.pdf

Please Log in or Create an account to join the conversation.

Dippypud
Topic Author

14 years 2 months ago #27263 by Dippypud

Replied by Dippypud on topic Re:Tax exempt IB - what next ?

Thanks for that link Choogle, it makes interesting reading.
Regards,Pud

Please Log in or Create an account to join the conversation.

Start
Prev
1
Next
End

Moderators: Gordon, Gary, BIS, Catherine, Wendy, Kelly, greekqueen, peter, Katherine, Super User, Chris, David

Tax exempt IB - what next ?

Information

Members

Terms of Use

PIP, ESA & UC are changing.

Don't get left behind!

Over 110,000 subscribers trust our FREE
fortnightly newsletter to keep them informed and prepared.