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Lloyd's Underwriters

CCH Personal Tax
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Lloyds Underwriters

    • Foreign Dividends Interest and Other Savings

      The Lloyd's Foreign Dividends, Interest and Other Savings Income section contains three tabs for you to add details relating to foreign: Dividends Interest Other (Savings Income)

    • Interest from UK Banks etc

      You should enter details relating to interest and fixed rate bonds (gilts) received in the Lloyds Interest from UK Banks etc section. Income you can add includes: Basic deposit Premium income deposit Personal reserve Common pool reserve Block reserve General funds

    • National Savings Interest Paid Net

      Use the Lloyds National Savings Interest paid net section, to enter interest received after the deduction of tax for First option bonds or Fixed rate savings bonds.  The Lloyds fund drop-down lists the above funds by default, however, you can add additional funds using Common Tax Descriptions, which is located in Maintenance > Common descriptions.

    • National Savings Paid Gross

      Use the National Savings Paid Gross section to enter gross income from funds held at Lloyd's. You should include income that corresponds to the calendar year that it is received.  For example, if you received income from funds at Lloyd's in 2017, then you should include this in your Lloyd's profits for 2017-18.

    • Non-Qualifying Distribution

      A non-qualifying distribution is classed as a bonus issue of securities, redeemable shares or the paying of a bonus that a company has received. You enter details relating to non-qualifying distributions in the Lloyds Non-qualifying distributions section. In 2017 this screen was renamed Bonus issues of securities and redeemable shares.

    • Other UK Investment Income

      Use the Lloyd's Other UK Investment Income section to enter details relating to other savings and investment income. These include income from UK authuorized unit trusts, Open-ended Investment Companies (OEICs), interest on government stocks (gilts), interest on other loan stocks and loans to companies.

    • Receipts and Outgoings

      Enter Income and Expenses associated with Lloyd's

    • Losses on Deeply Discounted Securities

      Recognizing a deeply discounted security and 'How to add Losses'

    • Accrued Income Scheme

      The accrued income scheme exists in order to prevent a form of tax avoidance. The scheme works by taxing the buyer on the interest accumulated from the date of the sale to the date of the next interest payment, and the seller is entitled to tax relief on the same amount.

    • Lloyds Losses

      The Lloyd's Losses section contains information relating to any Lloyd's losses accumulated in the current tax year.

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