Reclaim tax after retirement

Scallypud

I have decided to retire later this month and was wondering about the tax i have paid this taxable year.

My total income for this year so far is £13,200 and have paid £1,650 in tax. I don't intent to work again.

Can i reclaim my tax back in full in April next year and what form do i need to complete

Thanks in advance for your help

sheramber

Will you be receiving any pensions?

If not,  and will have no other income before April 2023 you can apply for a refund online
https://www.gov.uk/government/publications/income-tax-claiming-tax-back-when-you-have-stopped-working-p50

Dazed_and_C0nfused

Will you start to receive State Pension (or any other pension) in the current tax year?

Albermarle

Or if you do not do anything, then your final tax position for 22/23, will be calculated automatically at some point ( around October 23 I think) and any tax owed to you will be paid to you as a rebate. 

Scallypud

No pension. Going to live off savings for the next year

Dazed_and_C0nfused

In that case you can claim a refund now using form P50.

But unless there's some important information you've not mentioned don't expect to get all of "my tax" back.

You would still be liable to pay £126.

Scallypud

Dazed_and_C0nfused said:

In that case you can claim a refund now using form P50.

But unless there's some important information you've not mentioned don't expect to get all of "my tax" back.

You would still be liable to pay £126.

Do i not have to wait until April 2023?

Dazed_and_C0nfused

No.  If you have no intention of working again or claiming a taxable benefit such as Jobseeker's Allowance then you can claim as soon as you receive your P45.

https://www.gov.uk/government/publications/income-tax-claiming-tax-back-when-you-have-stopped-working-p50

sheramber

Dazed_and_C0nfused said:

No.  If you have no intention of working again or claiming a taxable benefit such as Jobseeker's Allowance then you can claim as soon as you receive your P45.

https://www.gov.uk/government/publications/income-tax-claiming-tax-back-when-you-have-stopped-working-p50

Which the OP was given in second post.