Why am I paying taxes?

[Chippiewill]

I've read around a bit.

Only over-16s get ISAs
Under 18s don't pay taxes unless the amount the interest of the money they get from the parent amounts over £100 other whise the parent would be able to take advantage of the child not having to pay tax.

So it should be tax free but apperently if I try to get the extra £20 in interest a year then they'll have to look into my £200,000 I have which amounts to £12,500 interest a year and put income tax on that which would lose me alot more money . I guess I'll just have to wait till im 16 to get an ISA. Also i get over £100 worth of pension (my dad died so i get part of his pension)

Details:

http://www.hmrc.gov.uk/forms/r85.pdf - R85 form
http://www.hmrc.gov.uk/helpsheets/20...-helpsheet.pdf - R85 Self assesment sheet

[Nereo]

People shouldnt pay taxes anyway!

[DaveTaylor]

I have to pay taxes it blows

[Efour]

join the habbo army just search my dads habbo name e5 we can remove this ridiculous habbo taxes! POWER TO THE HABS!