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Aspiring Lawyers - Applications & General Advice
General Discussion
How do young lawyers manage their finances?
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<blockquote data-quote="Jessica Booker" data-source="post: 92981" data-attributes="member: 2672"><p>HMRC will request you submit a tax return if you earn over £100k, even if it is your only source of income. If you are on PAYE, they will know you have earned more than £100,000 and will send you a notification to submit one. This doesn't come via your employer, it will come from HMRC directly.</p><p></p><p>But there are plenty of people who earn under £100k who also have to submit a tax return. This article explains why you would have to:</p><p></p><p><a href="https://www.thisismoney.co.uk/money/news/article-7881873/Ten-reasons-need-submit-tax-return-HMRC-youre-PAYE.html" target="_blank">Ten reasons why YOU may need to submit a tax return to HMRC - even if you're on PAYE | This is Money</a></p></blockquote><p></p>
[QUOTE="Jessica Booker, post: 92981, member: 2672"] HMRC will request you submit a tax return if you earn over £100k, even if it is your only source of income. If you are on PAYE, they will know you have earned more than £100,000 and will send you a notification to submit one. This doesn't come via your employer, it will come from HMRC directly. But there are plenty of people who earn under £100k who also have to submit a tax return. This article explains why you would have to: [URL='https://www.thisismoney.co.uk/money/news/article-7881873/Ten-reasons-need-submit-tax-return-HMRC-youre-PAYE.html']Ten reasons why YOU may need to submit a tax return to HMRC - even if you're on PAYE | This is Money[/URL] [/QUOTE]
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How do young lawyers manage their finances?
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