So, You’ve Heard About Our Famous Tax Refund Company…

Maybe someone you know has used us and gotten themselves a nice little tax refund and treated themselves, and you want in on the action.

Naturally, the next question you’ll ask is:

“Why could I even be due a tax refund?”

There are a couple of reasons.

The first is HMRC could have made a mistake with your tax code in the last 4 years. This happens a lot more often than you think: Just recently HMRC admitted there were errors in its system which could result in 10,000’s of people overpaying tax. And that’s just the errors they know about!

The other is you might not know there are tax allowances, (or were tax allowances as some of them have gone now) you were entitled to ask for so you paid less tax. If you didn’t know about these allowances, there’s no way you could ask HMRC to put them in your tax code, so they give you the wrong code. That meant you paid more tax than you needed to.

The good news is it’s not too late to get your money back because HMRC lets us go back up to 4 years to claim any allowances you missed out on, or to correct any mistakes.

The problem you’ve got is unless you know what to look for, you won’t spot any mistakes and unless you know what allowances you were entitled to, you can’t ask HMRC to let you have them! That means any money you overpaid is going to stay in HMRC’s bank account, instead of yours! HMRC also gives you a deadline to claim your money back. If you miss it, they’ll keep your money!

Want us to check your tax code for FREE and see if you’re due a refund? Simply head on over www.thetaxrefundcompany.co.uk/login

Our Average Tax Refund For Clients Is Over £206!

Another big question you’re probably thinking in relation to is:

“How Often Should I Check my tax code to see if I’m due a tax refund?”

Good question about your tax refund!

Ideally, you should check it every year, or at LEAST once a year. Set a date in your calendar – the same day every year – and check your code.

You get a new tax code every year so you should ALWAYS check it’s correct.

You also need to do this in case your employer isn’t taking enough tax, otherwise, you’ll end up owing HMRC money and that could cause you financial difficulties in the future.

If you think your code is wrong, or just wants us to check your code to see if everything is right – free of charge –  simply go to http://mytaxcode.co.uk/services/

Our Average Tax Refund For Clients Is Over £206!

How 5 Little Digits Could Get You A Hefty Tax Refund…

Those funny little numbers and letter on your payslip could be costing you a lot of money and could be holding a secret tax rebate for you!

Your tax code – usually looks something like 1150L – tells your employer how much tax to take off your wages. If your employer uses the wrong code, they’ll take the wrong amount of tax…….and you’ve guessed it, it’s nearly always too much!

HMRC sends you out a new tax code at least once each year, but sometimes several times a year. Your employer has to use the tax code they’re sent, and they’ve no idea if it’s right or not. Ultimately it’s your job to check your employer has got the right code and taken the right amount of tax.

It’s a common mistake to believe that because “I’m on PAYE”, your employer sorts your tax and takes the right amount – Very common! In fact, it’s actually quite shocking at how many applicants find out they’re due a tax rebate…

Over 1 in 3!

That’s right, over a third of the tax code reviews we complete end up with our customers getting a tax refund, so it’s clear every taxpayer should check their tax code.

If you want to apply, simply click the big green button at the top of this page, or you can give us a call on 0161 968 7345. We’re friendly, I promise!

Our Average Tax Refund For Clients Is Over £206!

Though most of us are busy buying presents, planning family visits and picking out our best festive outfit for the office party, it is really important to find the time during December to take stock of your finances.

The last month of the year is the ideal time to really go through your financial situation with a fine tooth comb and ensure you head into the next year with a clear head and a healthy balance. Things to look out and plan for include the end of interest-free deals on credit cards, store card balances and rises in travel costs, particularly if you get the train or public transport to work – prices often rise in January.

With so much to think about, we thought we would call on the experts and asked our favourite finance bloggers their top tip for healthier finances in 2017.

Charlotte at Lotty Earns
Lotty Earns
In January, give yourself a big financial shake-up. What worked in 2016, may not be best in 2017. What have you got coming in? Outgoing? Any holidays? Big purchases? Sit down – figure out how you can start saving for. Download banking/saving/budgeting apps and get a simple tangible plan to achieve what you want to achieve by the end of the year.

Lynn at Mrs Mummypenny
Mrs Mummypenny

My top tip is to get in control of your finances, face the truth and work out your financial situation. Work out your debts versus your savings and go through your bank and credit card statements to work out what you are spending your money on. From this you can:
1) Create a budget
2) Cancel any non-essential payments
3) Reduce costs of regular expenses through switching. Facing the truth is the first step to getting in control.

Francesca at From Pennies To Pounds
From Pennies To Pounds

I would say that my top tip for a financially healthier 2017 is to get all of your money in order. Set up a budget, cancel any direct debits that you don’t need, make sure that you save money every month and get your financial goals aligned with this.

Carl at Wiser Wealthier
Wiser Wealthier

Because you’re reading this before/during (delete as appropriate) ‘New Years resolution’ season, my top financial tip for 2017 is: Don’t bother making money resolutions! In fact, I don’t believe in New Year’s resolutions at all but I’m especially against those that involve money.

If you want to get better with money the best time to start is NOW. Not tomorrow, not in the new year, RIGHT NOW.

Here’s how.

-Next time you go shopping, switch one branded item for the own label version.
-Find one (yes, just one) thing to put on eBay tonight.
-Prepare one big bulk meal next time you cook.

These small changes will make you realise just how easy it is to be better with money, plus you won’t feel any pressure because they are such simple things to do!

It’s amazing how doing things like this changes your perception of saving money and increasing your income and I guarantee you’ll soon be doing much more!

Sara at Debt Camel
Debt Camel

Want to save some rainy day money but it all seems so hard? Why not open a new account in January, set up a £20 a month standing order for when you get paid. Many people don’t pay council tax in February and March – adding that money in as well would really give a big kick start.

Iona at Young Money Blog
Young Money

Plan for the long-term. Don’t think about short-term noise surrounding the economy and the fall-out from Brexit/Donald Trump. Stashing your cash under the mattress or in a paltry bank account will do nothing for your long-term prosperity if inflation continues to grow. Make sure you have an emergency savings fund topped up and if you have capital that you don’t require in the short-term, consider investing over a five to ten-year horizon where you have a real chance of at least conserving your capital if not decently growing it (although nothing is guaranteed). There are lots of options out there but execution-only websites have meant it’s never been easier or cheaper to build a portfolio of funds. Diversify across different sectors, regions, and types of company. Above all, hold your nerve.

Our Average Tax Refund For Clients Is Over £206!

The Tax Refund Company & Mrs Mummypenny: the Dynamic Duo

I love how Mrs Mummypenny takes twists and turns in the work that I am approached to do. I was recently delighted to be asked to become the blogger in residence for The Tax Refund Company. So what does blogger in residence mean? To me, it means that I write blog posts appearing both on The Tax Refund Company and my site discussing all things personal finance.

The Tax Refund Company

The Tax Refund Company is a company here to help you out with getting a tax refund Most of us in the UK are employed by others, both public and private sector. I wonder how many people struggle to understand their tax code and how many actually know what it means? Do you ever check it and calculate your correct tax payment every year to ensure you have paid the right amount?

I have always checked mine and I was employed for 16 years. Now, this is most likely because 1) I have always been obsessed with saving money and 2) one of my first ever jobs in 1997 at university was for a small accountancy firm. I used to do peoples’ tax returns and basic sole trader accounts. This taught me all about the world of tax codes, allowable and disallowable expenses, rental income, all sorts. When I left university I got a job with HSBC in the city and trained to become an accountant, so by the time I was 24 I was a qualified management CIMA accountant.

My qualification and interest in personal finance are what haave got me to today. I simply love sharing my knowledge and expertise with you readers on my website, and this is what got me noticed by The Tax refund Company. They like my story of being a personal finance expert along with being a qualified accountant. And that I have this canny ability to write about boring finance subjects in a fun and engaging way.

How can My Tax Code Help you?

the Tax Refund Company will help you to understand your tax codes and will investigate any allowable expenses to help reduce your tax bill. For example, when I was employed I was always able to include my CIMA subscription fee of £250 per year as an allowable expense so I was able to save some tax.

There are many jobs where you can include uniform cost as an allowable expense and thus reduce your tax bill. The Tax refund Company will investigate this, correct your tax code and will arrange for this refund for you. They will take a small fee from any refund they generate for you. How will you spend this refund from the Inland Revenue?

Your tax code investigations and refunds will be arranged by the friendly team based in Manchester. Full of qualified accountants like me who know the ins and out of complicated tax rules. As the advertising slogan goes, tax need not be taxing, but it is to many people. the Tax Refund Company will help you sort out your tax code problems and will get you any refunds you are due.

This partnership between Mrs Mummypenny and My Tax Code is a sponsored relationship and will help Mrs Mummypenny pay for the 8 pairs of football boots to be bought in September #MrsMummypennyMyTaxCode

Our Average Tax Refund For Clients Is Over £206!