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Tax on lump sum pension payment not deducted

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Comments

  • Make_Tax_Simple
    Make_Tax_Simple Posts: 5 Forumite
    First Post
    sheramber said:

    they do say  in order to meet HMRC regulations, the full amount of the tax-free element paid must be returned.

    the payment will have been reported as paid without tax deducted. There is probably no way to rectify  that report without the money being credited back.

    The sooner you return the money, the sooner you will get the correct amount of £2000 sent to you.
    Thanks, I was just unsure if they were correct on the regulations...  I had low confidence as initially they told be I had to send the whole amount back including the 75% that had been taxed
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