Amending Jan 2021 tax bill

Scotbot

Having completed my tax return I have a bill to pay in Jan 2021 of around £4000. I gave up work in April this year. and received a new tax code in July. Unfortunately I received a pension payment last week and the pension company   had not processed the new tax code so deducted £1000 in tax which tthe revised code shows was not required. 
Is there some way I can reduce the Jan2021 payment by £1000 or do I have to wait until I file my 2020/1 tax return to get tbe money back?

nick74

Do you receive a regular pension from this company? If so your tax will be adjusted automatically the next time they pay you with the revised tax code.

Scotbot

No. It is an annual payment, next payment due Aug 2021

sheramber

Is that payment your only income for the year?

Scotbot

No I have interest from savings paid annually in April but it will be less than my personal allowance

[Deleted User]

What does the bill in January 2021 relate to? How much for 2019/20 and how much as POA for 2020/21?

Scotbot

I believe it all relates to 19/20. Estimated tax bill for 20/21 is £300

Dazed_and_C0nfused

Scotbot said:

I believe it all relates to 19/20. Estimated tax bill for 20/21 is £300

Are you certain about that?

Until you have filed a return for 20/21 I cannot see how the POA due for 20/21 can be less than £500?

sheramber

3300 may be the OPs estimate of his  liability.
it would be easier to understand if you tell us what your statement of account says.  
Balancing payment for 2019/20 ....?
First payment on account  for 2020/21........?  

Scotbot

The statement says £2025  balancing payment for 2019/20. No mention of payment on account fpr 2020/21. I estimate my bill will be approx £300 for 2020/21 but £1047 has aleady been paid to HMRC via the pension company

[Deleted User]

Your balancing payment is £2025 but the amount you have to pay in January 2021, from your first post, is around £4000? Can you see why we are confused?