RETIRED BUT STILL OWED A REFUND

If you still pay tax, even if it’s just on your pension, there’s a fairly high chance you may have paid too much.

More than one in three taxpayers have paid more tax than they needed to after being given the wrong tax code by HMRC. For serving and retired POA members, the figures are even higher, with more than one in two members finding they had paid too much tax in the previous four years.

If you know what to look for you might be able to see where HMRC has sent your employer or pension provider the wrong tax code in the past four years and as long as you are comfortable with the risks of dealing directly with HMRC, sort the problem yourself. If you are not, retired members can still benefit from the POA’s specialist tax review service, provided by tax experts The Tax Refund Company. More than 25,000 POA members have used the service in the past 20 years, with members getting back an average of £147.65 each.

The tax review is free of charge if you have paid the right amount of tax. If you have paid too much and get money back from HMRC, The Tax Refund Company charges 38p per £1 you get back, with a minimum fee of £38.*

If you wish to use the service, visit www.poatax.co.uk

* You only pay a fee if you get a refund from HMRC. If you get back less than £38, the minimum fee will be reduced to the same value as your refund, so you have nothing else to pay.