Have you heard about the Pension Tax Rebate? This form of tax relief can equate to an average of £800 per tax year, and can be claimed back for as much as 4 years. A rather impressive sum of money for anyone to receive back.
Pension Tax Rebates are applicable to those who are a higher rate tax payer as well as those that are UK non-residents. Claiming can take time, which is why you may find it best to use a dedicated and professional service such as us here at Tax Rebate Services.
By doing this, you can be sure that your claim is not only processed properly, but that it is processed quickly too. Meaning that in no time at all, you will have the money that is rightfully yours back in your pocket.
Pension Tax Rebates for higher rate tax earners
Are you paying into a private pension? Do you fit into the higher rate tax band, which means you are paying 40% tax or more on your earnings? If you are, then you could be eligible for a Higher Rate Pension Tax Rebate. You can use our free pension tax relief calculator work out what you could be owed.
Many people who fit into this bracket simply do not realise that they can claim back the additional 20% tax relief that they are entitled to. Meaning that they are not claiming back as much as £800 or more per tax year.
Pension Tax Rebates for UK non residents
If you live outside the UK yet still pay income tax on your government or private pension, then you could also be able to claim for this Tax Rebate. This rebate covers some or even all of the tax that you have paid, and can be backdated up to 4 years, meaning that you could be in receipt of a rather useful amount of money.
It is important to remember that your eligibility to make this particular tax relief claim will depend on the country that you are now living in.
Use a professional company to make your claim
Think that you may be entitled to make a claim for your pension tax? If you do, then perhaps it is worthwhile getting in touch with us here at Tax Rebate Services? We are experts in a variety of different tax rebates and tax reliefs, and can lend our expertise to a range of different situations.
Many higher rate tax payers and non residents have to fill in a Self Assessment tax return. If you do our team can amend any previous tax returns not including your pension income as part of our service and complete any SA returns moving forward.
