So I get my tax rebate when???
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Blackavar
Posts: 208 Forumite
Having made a withdrawal from my pension pot last year I knew I would be on Emergency Tax code so would need to reclaim.
So I contacted HMRC to advise and got a lovely patronising letter saying that it it would be 'reviewed in due course'.
On viewing my HMRC account, I will be contacted from June to September to advise overpayment/shortfall.
This is £2,500 that I was sort of counting on - This money, my money could have been earning interest etc. How can HMRC be so slack in sorting this?
So I contacted HMRC to advise and got a lovely patronising letter saying that it it would be 'reviewed in due course'.
On viewing my HMRC account, I will be contacted from June to September to advise overpayment/shortfall.
This is £2,500 that I was sort of counting on - This money, my money could have been earning interest etc. How can HMRC be so slack in sorting this?
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Comments
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Plenty of media coverage about this, so 'sort of counting on' was always going to be optimistic.
For 'slack' read 'hopelessly understaffed (and often undertrained)'.0 -
I was under the impression that - if you were confident that you were only going to make a single withdrawal - that there is a form you could have completed at the time and submitted to get the tax returned immediately (or at least within a few weeks).
https://www.gov.uk/government/publications/flexibly-accessed-pension-payment-repayment-claim-p55
It may be too late to do this now that the tax year has ended - you may have to wait to be included in the general rebate calculations that happen in summer/autumn0 -
I would phone., ive always found them more responsive that way.0
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AnotherJoe wrote: »I would phone., ive always found them more responsive that way.
That's my experience too. Email gets fobbed off with stock answers. The staff,once you get through, were quite good to be fair.
That was in my case anyway.Space available for rent0 -
We submitted our P55's for the current tax year online on 9th April. Cheques refunding the tax received 2nd May.0
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