Pension lump sum

Thecar

Please can someone help please 
I've just cashed in a private pension
The pension pot was£ 27168.80
The figures they gave me are tax free £6792.20
Balance to tax £20376.60
Tax deducted £7450.30
Reamaing balance £12926.30
I received a cheque for £19718.50
I get £7500 per year company pension
And annual salary is about £20000
Have I paid too much tax on this pension please many tks
It does say on the letter I might have paid too much 

Dazed_and_C0nfused

Yes.

Based on what you have posted the actual tax due is likely to be £4075.
So you have paid £3375 too much.

Will be a smaller refund if you Scottish resident for tax purposes in the current tax year.

Albermarle

They use an emergency tax code as it is a one off payment . You will have to claim back the excess tax taken.

Thecar

Thank u

calcotti

You can either wait for HMRC to refund you later in the year or make a claim, I think this is the appropriate form https://www.gov.uk/government/publications/income-tax-claim-for-repayment-of-tax-when-youve-stopped-working-and-flexibly-accessed-your-pension

xylophone

See https://adviser.royallondon.com/technical-central/pensions/benefit-options/emergency-tax-and-lump-sum-withdrawals/