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Document What types of income are taxable?

Although this list is not exhaustive, examples of taxable income are:
  • Bank and building society interest (not including Individual Savings Accounts (ISAs))
     
  • Capital Gains income
     
  • Chargeable event gains from life insurance policies
     
  • Dividends on company shares (not including dividend income from ISAs)
     
  • Income from a lodger in your own or family home if more than certain government thresholds
     
  • Income from a second property
     
  • Income from full time, part time and temporary employment (if you get perks or benefits from your employer these may also be taxable)
     
  • Income from outside the UK
     
  • National Savings and Investments accounts and bonds
     
  • Profits from self employment (after the deduction of allowable expenses)
     
  • Personal or company pensions
     
  • Pensioner bonds
     
  • Retirement annuity
     
  • State Pension
     
  • Trust income

The following benefits are also generally taxable:
  • Bereavement Allowance (previously known as Widows Pension)
     
  • Carers Allowance
     
  • Certain payments of Incapacity Benefit
     
  • Contributions Based Employment and Support Allowance (ESA)
     
  • Graduated retirement benefit
     
  • Income Support when paid to strikers or people involved in a trade dispute
     
  • Jobseekers Allowance (JSA)
     
  • Pensions payable under the Industrial Death Benefit scheme
     
  • Statutory Sick Pay
     
  • Statutory Maternity / Paternity / Adoption Pay
     
  • Widowed Parent's Allowance
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