Top 10 Tax Myths

1. Money kept overseas is not taxable
2. Children are not taxable
3. If you give money to your children you escape tax on the interest
4. Students are not taxable in their first year at University
5. There is no tax on the State Pension
6. If you receive wages in cash, it is not taxable
7. You always pay the correct tax
8. If you overpay your tax you will always receive it back
9. Rent from a lodger is not taxable
10. Savings income does not need to be declared as tax is already deducted from it.

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