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Need for self-assessment to avoid overpayment?

eebkent
eebkent Posts: 5 Forumite
Ninth Anniversary Combo Breaker
edited 31 January 2023 at 12:37PM in Cutting tax
I'm retired (in my 80s) with an employer's pension plus the state person and a small amount of interest and dividends.  I complete self-assessment tax returns, though I now see from completing  the HMRC tax return questionnaire that I'm not required to submit a return.  Looking over my tax history  I see that every year I get a repayment of tax overpaid.  While I'd like not to have the bother of self-assessing each year, my concern is that if I don't then I'll always be overcharged.  Does this seem a likely hazard?

Comments

  • poppy12345
    poppy12345 Posts: 18,848 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper
    edited 31 January 2023 at 11:38AM
    You've posted on the welfare benefits section. It's better to post over on the cutting tax part of the forum.
  • eebkent said:
    I'm retired (in my 80s) with an employer's pension plus the state person and a small amount of interest and dividends.  I complete self-assessment tax returns, though I now see from completing  the HMRC tax return questionnaire that I'm not required to submit a return.  Looking over my tax history  I see that every year I get a repayment of tax overpaid.  While I'd like not to have the bother of self-assessing each year, my concern is that if I don't then I'll always be overcharged.  Does this seem a likely hazard?
    No - HMRC review every taxpayer every year but you would be unlikely to hear anything until September/October. 
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