It’s always great to save some money, especially at this time of year.
We all know there are simple things we can do to help save the money, but often we put them off because we just don’t have the time.
Thankfully, that’s where MoneySavingExpert’s Martin Lewis can help out.
He’s put together a list of five things everyone should check as they might find they’re owed thousands of pounds – which would make a lovely Christmas surprise for the end of what’s been a rubbish year.
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Best of all, the checks only take minutes and most can be claimed by just filling in online forms, meaning no sitting on hold for half an hour.
1. Have you been working from home?
If you’ve worked from home for even just one day you can claim back money for expenses such as heating and electricity.
Most of us have had to spend a fair amount of time WFH thanks to coronavirus, and so could be owed hundreds of pounds in tax relief – £6 a week in fact.
It’s really easy to claim, all you need to do is fill in a form for HMRC – you can read more on Martin Lewis’s post here.
2. Are you married or in a civil partnership?
According to Martin the typical gain from this claim is a whopping £1,188!
If one of you pays tax at the basic 20 per cent rate, and the other doesn’t earn enough to pay income tax (so less than about £12,500 a year) you’re due this easy tax break, this year worth £250 for most.
It’s backdatable by four years, meaning a total £1,188.
Full step-by-step help can be found in the MSE Marriage Tax Allowance guide.
3. Are you owed a Power of Attorney refund?
Between April 2013 and March 2017 in England and Wales, the fee for both health and finance PoAs was £110, says Martin. However, it should’ve been in proportion to underlying costs, and they’d dropped.
This means that even if the person is now deceased you can easily claim back up to £54 per PoA online. But be quick – you must do it by January 31, 2021.
Full help in Reclaim Power of Attorney refunds.
4. Did you start repaying your student loan too early?
One youngsters might have been caught out on, you’re only supposed to start paying back your student loan from the April after leaving university, which generally means about nine months after you’ve finished.
Even then you only pay if you pass the earning threshold, which currently stands at a salary of £26,575 a year.
Annoyingly, many former students will start getting the money taken out of their pay packets before these requirements are met – but a quick phone call will get your money refunded.
Step-by-step help in the MSE Student Loan Overpayments guide.
5. Do you wear a uniform to work?
If you have to wear a uniform for work, even for just one day since April 6, such as a branded T-shirt or overalls, and if you wash it yourself and don’t wear it elsewhere, you’re entitled to a tax rebate.
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All you have to do is fill in a government form online, and a typical gain is £60 – not bad!
Full help in Uniform Tax Refund.