Visio Talk

Whether you study, work part time, have recently retired there is a 95% possibility you will receive a tax repayment from the Inland Revenue. Amazingly there are currently millions of pounds of unclaimed tax which the government is retaining because people not having made the time or the effort to file a simple tax reclaim.

Everyone who works in the UK receives a tax free allowance, this year it is 5235 pounds. For example a student might only work during their summer holidays, however their employer will most likely deduct tax and proportion their tax free allowance for the whole year. This is where mistakes occur as the student is studying for the majority of the year not working for a whole tax year, resultantly they do not receive a big chunk of their tax free allowance.

TaxFix.co.uk is an organization which specializes in returning overpayment of tax from the Inland Revenue. They maintain a ‘No rebate-No fee’ basis so you do not need to pay anything up front. Their most common tax reclaim is over one thousand pounds. They have a website that is very informative with a number of resources such as an income tax calculator to help you work out if you are due a refund as well as a Tax Help Blog which keeps you up to date with finance related news.

Dont you think we all pay enough tax, make sure that you have not over paid any tax. You can check for free for the last 6 years, you really have nothing to lose and potentially thousands of pounds to gain!

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