We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Tax Refund using form P50
160364
Posts: 3 Newbie
After being made redundant I have decided to retire early,the payment was just over £100k taxable income. With my redundancy money I maxed out this years Sipp and was given a paye code of 3075l. I completed form p50 to get a tax refund as I wouldn’t be working again (HMRC estimate is I’m owed just over £20k refund). I’ve now been told I cannot get a refund until next years and must complete a self assessment because earning this year were just over £100k. Can anyone confirm this is right as I can’t see anywhere on line there is a cap to the p50 form. And if I do have to wait till next year does anyone know when I would likely to receive the money. Any help would be appreciated.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 347.7K Banking & Borrowing
- 251.8K Reduce Debt & Boost Income
- 452.1K Spending & Discounts
- 240K Work, Benefits & Business
- 616.1K Mortgages, Homes & Bills
- 175.3K Life & Family
- 253.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards