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What would you do with…

Tax owed to you?

If you are earning between £50k – £100k per year, you could be paying too much tax on your pension contributions. On average, our customers claim back a total sum of £1,600 from up to 4 years of overpaid taxes.

In as little as 10 minutes, we can help you claim back tax owed to you.

Tax owed to me?

That’s right! If you are a UK employee earning between £50k – £100k per year and are paying into a relief at source pension scheme through your employer, you’re likely to have overpaid income tax to HMRC and be due a rebate. We can help you reclaim tax owed to you.

We help you reclaim overpaid tax on your pension contributions. If you’re earning between £50k – £100k per year, you’ll be paying 40% income tax. However, when you pay into your “relief at source” pension, by default, you’ll only receive tax relief at 20%, when you should receive 40% tax relief. We’re here to help you get that extra 20% back.

All you need to do is apply – it takes 10 minutes, and you could have a nice little sum! If your claim is unsuccessful, we won’t charge you a penny – our fee is based entirely on what we can reclaim for you.

 

What would you do with tax owed to you?

Who can apply?

To be eligible for a tax rebate on your pension contributions, you have to meet certain conditions. If the questions below match your situation, don’t hesitate to claim your rebate now. It takes 10 minutes to fill the application – we’ll do the rest for you.

UK Purple

Do you live, work and pay taxes in the United Kingdom?

If you live or pay taxes abroad, you will not be able to claim this tax rebate. 

50-100k Purple

Do you earn between £50,270 and £100,000 per year?

If you earn over £100K, you can still claim a rebate through a self-assessment return rather than through this service.*

Employed

Are you employed and pay taxes through your employer?

If you are a self-employed or a business owner, you won’t be able to claim using this service. 

Pension

Do you pay into a 'Relief at Source' pension scheme through your employer?

There are 3 types of pension schemes, so you will need to confirm what kind you’re on.

*We encourage you to share your contact details so that we can further assist you with your self-assessment. TOTY Ltd. is operated by experienced professionals in the field of accounting, making us well-equipped to provide you with the support you need. 

Why am I due a rebate?

If you are a UK taxpayer and pay into a pension scheme, your contributions should be tax-free. For Net Pay and Salary Sacrifice pension schemes, this happens automatically.

For Relief at Source pension scheme, you only receive 20% tax relief by default. If you are earning below £50,270, you would be on a basic rate which is 20% – in which case, you won’t be taxed on any of your contributions.

However, if you earn more than £50,270 you would be on a higher tax rate of 40% or 45%, but the tax relief on your pension contributions are only applied at 20%. This means that you’re being taxed on the additional 20% or 25% of what you’re putting in, and you can claim this back from HMRC.

If you submit a self-assessment to HMRC each year, it’s best to reclaim through this. For everyone else, you’ll need to make a claim to HMRC in writing. Using our expertise as chartered accountants, Toty is here to help you claim back tax owed to you – keeping it simple and hassle- free for you.

How it works?

questionnaire

Step 1

Answer a few quick questions to ensure you are eligible.

forms of ID<br />

Step 2

Upload a form of ID that includes your photo

annual pension statement<br />

Step 3

Provide your P60 and annual pension statement and authorise us to act on your behalf

team will review<br />

Step 4

Our team will review and submit your claim to HMRC

tax refund<br />

Step 5

Receive your tax refund, directly into your bank 

Relief at source pension providers

There are a number of providers that may offer different types of pension schemes. Here is a list of the most popular providers that offer relief at source schemes. If your provider isn’t on this list, you should still find out by contacting your employer or reviewing your pension documents. We do not associate ourselves with or endorse the below companies. This is for information purposes only.

Nest

National Employment Savings Trust (NEST)

The Peoples pension

The People’s Pension

*primarily relief at source

True Potential Investments

True Potential Investments

Standard Life Workplace Pension

Standard Life Workplace Pension

Penfold Pensions

Penfold Pension

AVIVA

AVIVA’s Workplace Pension

Frequently Asked Questions

You’re bound to have some questions so we’ve curated a simple FAQ for you to browse. When you’re ready just click ‘Claim your Rebate’ and we’ll take it from there!

If there’s something we haven’t answered, email us on hello@taxowedtoyou.com.

What is a 'Relief at Source' pension?

“Relief at Source” pension is one of three types of employer pension schemes in the UK (net pay and salary sacrifce are the others). “Relief at Source” is the only type of pension scheme where you won’t automatically get full tax relief on any payments into the scheme you make if you are a higher or additional rate taxpayer. Instead, you’ll need to reclaim this by corresponding with HMRC. If you submit a self-assessment, you reclaim through this but if not, you’ll need to make a claim in writing. Toty is here to help you do just that.

Where do I find out all my information?

The two key bits of information we’ll need are your P60 and your annual pension statement. Your P60 shows your total earnings for the tax year which confirms that you are a higher or additional rate taxpayer, and therefore likely to be due a rebate. Your pension annual statement shows your total earnings for the tax year and the tax relief you’ve received, and therefore any additional rebate you are due.

Your employer will provide you with a copy of your P60 each year whilst your annual pension statement will often be sent to you as well. If not, if you login to your pension provider’s account you’ll be able to find it there.

How much am I likely to get if I apply?

If you are a 40% taxpayer (earning between £50,270 and £100,000, you should be due 20% of what you’ve paid into the pension scheme during the tax year. However, HMRC will often offset any amounts due on your account or make adjustments based on the information they have to hand. As a result, we aren’t able to confirm the exact amount that you’ll receive until we receive the rebate from them.If you are a 40% taxpayer (earning between £50,270 and £100,000, you should be due 20% of what you’ve paid into the pension scheme during the tax year. However, HMRC will often offset any amounts due on your account or make adjustments based on the information they have to hand. As a result, we aren’t able to confirm the exact amount that you’ll receive until we receive the rebate from them.

What's the fee I have to pay by claiming through Toty?

Toty’s fee is 20% of whatever we are able to successfully reclaim for you. HMRC will pay your rebate directly to us, so we deduct our fee from this, and pay the rest directly to you.

How long will it take for me to receive my rebate?

HMRC usually approve rebates within 6-8 weeks. As soon as we receive your rebate, we will notify you, deduct our fee and transfer you the remainder via BACs or by cheque.

Tell me more about Toty

Toty is devoted to helping you reclaim the tax owed to you as a result of the contributions you have made into a Relief at Source pension scheme. Anyone who makes contributions into this pension product and earns over £50,270 is likely to be eligible. If that’s you, get in touch and we’ll be ready to help. We will only charge our fee if the claim we make is successful.

 

To get started, simply click Claim Your Rebate and follow a few simple steps. Once you’ve submitted everything we need, we’ll review your claim. If it’s eligible, we will submit this to HMRC on your behalf. HMRC will then make payment to us, we will deduct our fee, and pay the rest directly into your account.

Claim your rebateMORE ABOUT TOTY

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