Have you flexibly accessed your pension?
You could be due on average £3,000
Over £620 million has been refunded to savers hit when flexibly accessing their pension. Average Pension Tax Refund £3,000.
Pension freedoms were introduced in April 2015. Under this dramatic reform, individuals aged 55 and over were given far greater freedom over how to access their pension pots.
Rather than being required to purchase an annuity, savers are now able to withdraw from their pension pot flexibly. This ranges from withdrawing the entirety or part of your pension pot as a cash lump sum, to flexi-access drawdown or purchasing an annuity.
Taxation on pension withdrawals:
Giving savers the freedom to choose how to use their hard earned pension pot is fantastic, however the method HMRC taxes these flexible withdrawals frequently results in large overpayments of tax. Many savers are unaware they have even been overtaxed or that they are entitled to reclaim this money.
Winchurch Services are experts in helping savers reclaim overpaid tax on their Pension withdrawals
Official UK Government figures reveal:
- Over £620 million has been reclaimed since Pension Freedoms were introduced (2015)
- Over £290 million was reclaimed in 2019 and 2020 alone.
- Average refund over £3000 (January-December 2020)
Why choose our service:
At Winchurch Services, we utilise our experience and expertise in both pensions and dealing with HMRC to provide our clients the best service possible and help them reclaim what is theirs.
Our process is simple and straightforward.
After you have completed our short Pension Tax Refund application (which shouldn’t take more than 2 minutes), we take the reigns entirely – handling your claim from start to finish.
All that is left for you to do is wait for your cheque in the post!
Leave it to us and our experienced team are always there to assist you every step of the way.
Winchurch Services take care of it all – removing all the hassle and frustration!
We operate on a no win no fee basis so you have nothing to lose and only a cheque in the post to gain!
See if you are entitled to a Pension Tax Refund!
PENSION TAX REFUNDS – CLAIM YOURS NOW
The contents of this article are for reference purposes only and do not constitute financial or legal advice. Financial or legal advice should be sought in relation to any specific matter. Articles are published by us without any knowledge or notice of the circumstances in which you or anyone else may use or rely on articles or any copy of the information, guidance or documents obtained from articles. We operate and publish articles without undertaking or accepting any duty of care or responsibility for articles or their contents, services or facilities. You undertake to rely on them entirely at your own risk, and without recourse to us. No assurance of the quality of articles is given or undertaken (whether as to the accuracy, completeness, fitness for any purpose, conformance to any description or sample, or otherwise), or as to the timeliness of the publication.
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