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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Claiming back tax on redundancy pay 4 years ago?
Krakkkers
Posts: 1,336 Forumite
Took voluntary severance in July 2020 and was paid £41k before tax and then 40% tax on the £11k over £30k so £4447 tax was paid I believe. I then took a DC pension which was transferred to Aegon and put into drawdown.
Just now sorting out claiming my FS pension and they wanted to know how much of the LTA I had used so went back through the paperwork and noticed that although the £4447 was listed in the total amount to be transferred to Aegon it never got paid to Aegon.
So assuming this never got claimed back, is it now too late?
Just now sorting out claiming my FS pension and they wanted to know how much of the LTA I had used so went back through the paperwork and noticed that although the £4447 was listed in the total amount to be transferred to Aegon it never got paid to Aegon.
So assuming this never got claimed back, is it now too late?
0
Comments
-
Not sure I follow this!Krakkkers said:Took voluntary severance in July 2020 and was paid £41k before tax and then 40% tax on the £11k over £30k so £4447 tax was paid I believe. I then took a DC pension which was transferred to Aegon and put into drawdown.
Just now sorting out claiming my FS pension and they wanted to know how much of the LTA I had used so went back through the paperwork and noticed that although the £4447 was listed in the total amount to be transferred to Aegon it never got paid to Aegon.
So assuming this never got claimed back, is it now too late?
And it's a bit vague.
Why would tax your employer deducted be paid to a pension company?
Did you need to file a Self Assessment return for the 2020-21 tax year?0 -
Which paper work? That for your severance pay, your DC pension or Aegon? Is some money still left in your DC pension? Best tp get the facts very clear before you start chasing HMRC.Krakkkers said:Took voluntary severance in July 2020 and was paid £41k before tax and then 40% tax on the £11k over £30k so £4447 tax was paid I believe. I then took a DC pension which was transferred to Aegon and put into drawdown.
Just now sorting out claiming my FS pension and they wanted to know how much of the LTA I had used so went back through the paperwork and noticed that although the £4447 was listed in the total amount to be transferred to Aegon it never got paid to Aegon.
So assuming this never got claimed back, is it now too late?0 -
Are you saying you paid the £11k into the pension post tax and it should have been claimed back by the pension provider?0
-
Its ok, i figured it out myself, it was my misunderstanding.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards