4 Reasons You Need an SA302 and How to Get Yours

The SA302 form is HMRC’s solution to proving your self employed and director declared income. It is a summary of income that has been declared on your self assessment tax return. It will help you even if you are employed on PAYE but have other sources of income that could improve your affordability to borrow.
If you’re a employee on PAYE, then your payslips are normally sufficient in providing verification of your income and financial ability in the event you want to apply for a mortgage, loan, visa application or other verification reasons.
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⏱️ Time Stamps:
0:45 - What Exactly is a SA302?
2:05 - 4 Common Reasons why you need a SA302
2:51 - What does the SA302 form actually show?
3:56 - Is the SA302 the same as a self-assessment return?
4.25 - How do you get your SA302 (mini tutorial)
If you want my & my team's expert accounting and tax help, you can book a discovery call through our website → 🌏 www.aidhanfina...
4 of the most common examples of when you might need to produce an SA302 are:
🔴 When you’re applying for a mortgage
🔴 When you’re taking out a loan
🔴 In demonstrating income for a visa application
🔴 Or applying for grants
Although these are some of the most common examples we come across, technically any third party that requires you to demonstrate your income could ask for a SA302.
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Me & my team are dedicated to helping and empowering YOU to 'Know Your Numbers' so you can make calculated and informed decisions in your business, company and personal finances towards your definition of success.
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If you take care of your numbers (finances), your numbers will take care of you, your family and those you value the most.
🔴 DISCLAIMER
Our videos are for general guidance, education and empowerment in helping you understand accounting, tax and your numbers. They in no way constitute specific advice to your specific circumstances. Me & my team would be delighted to help you with your specific queries or accounting requirements through a formal engagement.
#SA302 #SA302 form #self-assessment

[@jumper11able]

Do you guys train people on how to prepare and submit company accounts?

[@owengallaghermusic]

Brilliant thanks

[@Ayoung2028]

How do you get a government gateway login?

[@wraithphantom5886]

Hello Adian, Can you use a tax overview print out for uk visas instead of an SA302 as you can't seem to print these out.

[@AdamJee923]

HI Aidhan I have just come across your channel with your great informative videos. I have a question related to another one of your videos but I thought posting on your latest video might be easier for you to come by. I have bought and sold some crypto in the uk via binanace since nov last year which so far I have only taken out £300 profit in fiat to my bank and used for bills. I'm still a bit stuck on the allowance of £12,300 capital gain allowance, does this mean that I can make £12,300 profit in crypto ( choosing to use it or keep it ) before I have to declare it and pay tax on it? I am in full time work too does that count as capital gains allowance?

[@prideshereni4616]

Hello l have tax in credit tried to request it it’s not processing the payment and just keep going back in the system

[@tonydCFO]

Hi Pride, it sounds like perhaps you need the services of an accountant to assist you. Alternatively, all you can do is continually chase HMRC.

[@think2706]

Hi Adian, I have seen some takeway pay in cash and they keep changing their owners by dissolving company. They say there are so many benefits of it which blew my mind. Could you please tell me if there is something like that?

[@tonydCFO]

Hi Think. For this type of a question, we suggest you book a discovery call with one of our qualified accountants who could assist. You can book here >>> aidhanfinancial.com/book-a-discovery-call/

[@oafless]

My Employer is asking for one to prove my income. Is this really needed?

[@tonydCFO]

If they are asking, then it's not too difficult to get yours

[@beautyflyuk5179]

Thank you

[@tonydCFO]

You're welcome BeautyFly Uk