Pension Tax Credit
Find out if you have overpaid tax on drawdowns from your savings pot.
When savers ‘draw-down’ cash lump sums from their pension they can be taxed at substantially higher rates than they should be. This is due to the pension company not knowing what your tax code is. We assess whether they’ve got the right rate.
If we’re unable to get a successful claim, you don’t have to pay us a penny.
We can begin our investigation with just a few details from you.
If required, our industry experts can obtain copies of all your paperwork for you.
What is it?
HMRC has refunded more than half a billion pounds in overpaid tax from pension savings since the pension freedoms in 2015. With pension companies using an ’emergency rate’ for savers withdrawing money from their pot, it often leads to overpayment on tax.
Many savers stand to miss out on thousands as they are unaware if they’ve overpaid tax.
The average pension tax rebate claim is £3,162.
Tax is calculated on what is known as a ‘Month 1’ basis which is often too high.
Pension savers over the age of 55 are free to withdraw from their pension pot however they like.
If you’ve withdrawn a lump sum from your pension pot since 2015, it’s always worth seeing if you have a valid claim for a pension tax credits rebate. But if any of the following rings true, you stand a greater chance of being successful.
We put in all the hard work so you don’t have to. All we need to start taking back your slice of money is a few details.
Average payout for savers
In HMRC payouts
I have now used the Crystal Group about 4 times now, hassle free, excellent service. I did recommend to my son and he also received excellent service.
Maureen Rowland, 2021
I have just has a tax rebate back which I never knew I was eligible for until being contacts by Crystal. Would recommend anyone use their services!
Sharon Harris, 2021
Crystal recovered over £2,000 for me which I did not know I had any entitlement. It cannot get better than that! So from my experience I could not recommend them more highly.
Richard Woolley, 2021
Very professional, informative, no pressure and very friendly and helpful.
Maureen Eastwood, 2021
I was sceptical at first but I have to admit the team were brilliant. Great service!
Adam Willbourn, 2021
You won’t know until you’ve tried. With nothing to lose, it’s always worth finding out. All we need are a few simple details.
When you’ve been mis-sold a financial product.
When you haven’t been treated fairly by a lender.