Claiming Tax Refund On Pension Tax in The AnswerBank: Personal Finance

Claiming Tax Refund On Pension Tax

StocktonLad70 | 18:45 Wed 26th Feb 2025 | Personal Finance

3 Answers

Hi,

I'm 55 in a couple of weeks and I'm withdrawing the full amount from a small pension pot. I've got 25% tax free and the rest is being deducted emergency tax at 45%. How do I claim the overpaid tax back. Is it automatically done by HMRC at the end of the current tax year or do I have to apply for it back (form filling)

TIA

prev

Answers

1 to 3 of 3

Best Answer

No best answer has yet been selected by StocktonLad70. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

Question Author

Sorry, forgot to say I'm a standard 20% tax payer

See here:
https://www.gov.uk/guidance/claim-a-tax-refund-when-youve-taken-a-small-pension-lump-sum-p53

Question Author

Many Thanks

1 to 3 of 3

Do you know the answer?

Claiming Tax Refund On Pension Tax

Answer Question >>

prev

Related Questions