Tax Rebates When You Are Retire or Pension from Last Employer

When you retire, you may be due for a tax rebate. If you are, this would normally be paid automatically, especially if you are getting a pension from your last employer. The matter could conceivably be overlooked, either if you are due to get a pension from an earlier employer (instead of from your last employer), or if you will only be receiving a State pension – and not a company pension in addition.

In either case, you should ask your employer for a P45 form. Then, either send it – care of your earlier employer – to the pension fund trustees or, in the event of your only receiving a State pension, send it to the tax office together with details of your age and the date you retired. Ask your employer for the address of the tax office to which you should write. If the repayment is made to you more than a year after the end of the year for which the repayment is due – and is more than £25 – HMRC will automatically pay you (tax-free) interest. HMRC calls this ‘Repayment Supplement’.