Timetable for self-assessment

INCOME TAX RATES AND ALLOWANCES

Individual savings account (ISA) limit 2022/23 2021/22

Maximum contribution Junior ISA – maximum contribution* £20,000 £20,000 £9,000 £9,000

* Available for children under age 18 who live in the UK and do not have a child trust fund.

Lifetime ISA Upper age limit Annual contribution limit Government contribution 2022/23 2021/22 40 40 £4,000 £4,000 25% 25%

Withdrawals can be made after 12 months to buy a home or for any reason after the age of 60. Other withdrawals are subject to a 25% penalty.

TIMETABLE FOR SELF-ASSESSMENT

Date Event 31 July 2022 Second payment on account for 2021/22 5 October 2022 Deadline for notification of chargeability 2021/22 31 October 2022 File paper return for 2021/22 to HMRC 30 December 2022 File return for 2021/22 for a tax underpayment of less than £3,000 to be collected via PAYE during 2023/24 31 January 2023 File electronic return for 2021/22 Balancing payment for 2021/22 First payment on account for 2022/23