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Refunds Direct - could you have paid too much tax?

Refunds Direct

Refunds Direct work to find out if you've paid too much tax and they'll be able to help you reclaim that tax. Refunds Direct estimate that 1 in 3 of the UK’s 30 million taxpayers may have legitimate claims for repayments of tax but most either do not know about it or are unsure about how to get that money back.

Refunds Direct -SENIORS MISSING OUT ON MILLIONS

Millions of pounds are being handed over to the Taxman each year by people who have saved and who are currently saving for their retirement.

That is the startling finding of tax specialists Refunds Direct. The firm has uncovered that many people paying into Retirement Annuity Contracts (the name given to pensions taken out before April 6 1988) do not use the generous tax breaks on offer to them.

Managing Director Roger Oaten explains. “We see all too often individuals that pay into these types of policy who do not fully understand that they have to apply for tax relief. This is unfortunate as claims for these tax rebates can be backdated 6 years. In many cases thousands of pounds can be claimed back.”

A recent case highlights the scale of the potential rebates available. Mr A Fielding of Birmingham had taken out a Retirement Annuity Contract in 1986. The 62 year old, a self-employed builder, was paying £850 a month into the plan and although he stopped paying into the policy in 2002 he had contributed a total of £30,600 in the qualifying period. As Mr Fielding was a higher rate tax payer a rebate of £12,240 was secured on his behalf and a cheque for that amount was released by the Inland Revenue.”

Luckily, there is good news for anyone who feels that they have failed to claim this tax back. Refunds Direct has launched a unique service which will investigate the potential of a claim for free and without obligation. The company can then recover the money on a ‘no win no fee’ basis if so required.

Refunds Direct offer ‘no win no fee’ tax rebates on a whole range of overpaid taxes and unclaimed tax relief; covering everything from unclaimed work expenses to over paid tax on property, pensions and investments. Apply online to see if you're entitled to a tax refund - at www.refundsdirect.co.uk .

Try the form to see if you are entitled to a tax refund with help from Refunds Direct

Claims for tax refunds can be backdated 6 years, so in the last 6 years. The questions you get asked apply to the last 6 years. Once you've read through these questions you can go ahead to the site and fill them in to find out.

Work - consider your employement over the last 6 years.

Paid emergency tax tax for 3 months or more?

Stopped work 1 month or more before the end of the tax year (April 5th)?

Worked abroad?

Worked from home either as an employee or self employed?

Paid expenses in respect of your job which have not been claimed?


General

Received more than one source of income?

Paid into a pension that was started in or before 1988?

Borrowed money to loan to a company or business and not claimed relief on the interest?

Failed to claim Capital Gains Tax Relief in respect of property, share investments, or inherited assets?


Property

Sold an investment or inherited property?

Let out some or all of your main residence or of another property?

PROPERTY OWNERS MISSING OUT ON MILLIONS

Millions of pounds are being handed over to the Taxman each year by people selling second properties

That is the startling finding of tax specialists Refunds Direct. The firm has uncovered that many people paying disposing of investment and inherited properties do not use the do not use the generous tax breaks on offer to them.

Managing Director Roger Oaten explains. “We see all too often individuals who have sold a second property and then have simply paid the Capital Gains Tax demand when it arrives from the Inland Revenue. This is madness, by applying numerous types of tax relief that tax bill can be drastically reduced.”

Luckily, there is good news for anyone who feels that they have paid too much in tax. Refunds Direct has launched a unique service which will investigate the potential of a claim for free and without obligation. The company can then recover the money on a ‘no win no fee’ basis if so required.

Refunds Direct offer ‘no win no fee’ tax rebates on a whole range of overpaid taxes and unclaimed tax relief; covering everything from unclaimed work expenses to over paid tax on property, pensions and investments. Apply online at www.refundsdirect.co.uk .

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