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Pension Drawdown Tax Refund
JustJus1701
Posts: 8 Forumite
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
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HMRC will sort out the refund when they reconcile the year likely sometime from June onwards
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Or it could be more like November, or sometime inbetween.1
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