For most people, debt is a basic fact of life. Everything from credit cards and student loans to decades-long mortgages are day-to-day realities all across the UK.
There are definitely times when debts start to mount up – and that’s where they can begin to be a problem. Debt is a key source of stress, depression and anxiety for many people. The key thing to remember is that you’re not as alone as you think you are. There are resources out there to help you. more importantly, there are ways of making sure your debts never spiral out of control in the first place.
Tax Debt
Tax debts have a nasty habit of creeping up on you, mainly because people don’t understand the rules. The first many people even hear about a tax debt is when HMRC starts making noise about it. Pretty soon they find themselves looking down the barrel of a threatening letter from HMRC, with talk of fines and stacking penalties. Not long after that comes the phone call from the HMRC Debt Management and Banking (DM) people, demanding immediate payment.
If paying up straight away is a problem, you can’t just stick your head in the sand and hope the taxman goes away. He won’t – and things will just keep getting worse if you let them. However, there are a wide variety of routes to resolving the situation and HMRC are more than willing to help you find a solution that works for both you and them.
When it comes to mental health problems, the first and most important step is recognising the signs. Crucially, it’s just as essential to learn to spot them in your colleagues, friends and family as in yourself.
Read about:
– How to deal with tax debt,
– Bringing the cost of your debts down,
– Signs of stress/depression/anxiety,
– What to do if debt is affecting your mental health and
– The support & much more
Available at:
https://www.riftrefunds.co.uk/tax-rebates/uk-tax-refund-advice/tax-debt-and-mental-health/#signs
