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Pension Drawdown Tax Refund

JustJus1701

JustJus1701 Posts: 8 Forumite

Fourth Anniversary

First Post

6 May at 12:29PM in Pensions, annuities & retirement planning

Hi, last year I used all 100% of a small pension to pay off my mortgage. Obviously, I was taxed on the 75% drawdown amount. Since then, I have been unemployed and have not made much money and have not reached my tax allowance for the year. Will I be able to get the 3k plus back as paid taxes?

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Comments

molerat Posts: 34,284 Forumite

6 May at 12:48PM

HMRC will sort out the refund when they reconcile the year likely sometime from June onwards

1
Albermarle Posts: 27,087 Forumite

6 May at 3:15PM

Or it could be more like November, or sometime inbetween.

1

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