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Good Afternoon all
After what seems like an eternity I have finally settled with my ex employers on the termination of my employment on Medical grounds and have a ill health application to the pension scheme,
I have a question with regards to Income tax if anyone can help please,basically I have paid an awful lot of tax on my settlement and two extra pensions that I have, I have paid about 45 percent and the HMRC have not allowed me any personal allowance for the time I am to be unemployed which by the way will be for the next 8 years until my official retirement they have determined that everything I have has been added together and treated as income, I understand that this is the case and I have to pay my taxes like everyone else but they have said I can get a rebate at the new tax year 2017
Both my private pensions have had to deduct emergency tax from the lump sum as I am taking them in cash
I will be leaving my company pension as it is and taking a smaller lump sump and a yearly pension
Can anyone tell me haw to get a rebate now as they have overtaxed me by about £4000 and I would like it now not next year, I have no idea what tax forms I need to fill in and the HMRC are not much help
Thank you Stillo
After what seems like an eternity I have finally settled with my ex employers on the termination of my employment on Medical grounds and have a ill health application to the pension scheme,
I have a question with regards to Income tax if anyone can help please,basically I have paid an awful lot of tax on my settlement and two extra pensions that I have, I have paid about 45 percent and the HMRC have not allowed me any personal allowance for the time I am to be unemployed which by the way will be for the next 8 years until my official retirement they have determined that everything I have has been added together and treated as income, I understand that this is the case and I have to pay my taxes like everyone else but they have said I can get a rebate at the new tax year 2017
Both my private pensions have had to deduct emergency tax from the lump sum as I am taking them in cash
I will be leaving my company pension as it is and taking a smaller lump sump and a yearly pension
Can anyone tell me haw to get a rebate now as they have overtaxed me by about £4000 and I would like it now not next year, I have no idea what tax forms I need to fill in and the HMRC are not much help
Thank you Stillo
