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kenji
Starting Member
United Kingdom
5 Posts |
 Posted - 30 May 2009 : 14:53:43
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Hi,
I'm new here.
My bankruptcy order was made Feb this year, so I'm still going through the wait period of a year (hopefully!) before discharge. Everything's going fine to date.
My only income over the last 3 years or so has been from 4 personal pensions paid monthly.....3 are quite small and one is reasonable, but the total together is obviously known by, and not bothered by, the OR's office, as they see it as more or less covering my meagre living expenses. I had/have no other assets (to put it simply!).
I realised a couple of weeks back that I'd been paying basic rate tax on these pensions (paid to me net of tax), so I sent all supporting docs (P60s, etc) to HMRC and asked them to look at the previous 3 tax years, with a view to a tax rebate, mainly against personal allowance (that hadn't been taken into account each of these years).
They replied today saying - as I expected - that any rebate would go initially to the OR's office.
OK...so I expected that...but this rebate is purely set against over-payment of tax on my personal pensions AND, as I understand it, personal pensions approved by HMRC (which these are) are not considered part of my estate (after March 2000 act). So could I expect this rebate of pension tax back?
Your advice would be really appreciated.
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 01 June 2009 : 23:09:02
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Hi
the official receivers office use the reclaiming of tax to help pay for the costs associated with bankruptcy.
Therefore I expect it is highly unlikely that you would receive anything. Even if the tax was paid in error it should be repaid to your estate which the Official Receiver now manages
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
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Hi,I'm new here.
