P55 Form – Overpaid Pension

This P55 form is used by individuals who have overpaid tax to HMRC. Individuals who have left their job and analyze that they have overpaid the tax on a pension scheme after leaving the job. If you have overpaid the pension you can use the P55 form to claim a tax refund.

In this post, we will look at some frequently asked questions FAQs related to the P55 form in order to help you understand its purpose, how to get it, and how to claim a tax refund on your pension overpayment. If you have any other query please contact us.

What is the P55 form?

The P55 form is a very important document that is used by individuals for those who have overpaid the pension after quitting their job, you need to send the form to HMRC and apply for an overpaid tax refund.  There is criteria to get the tax refund using P55 form that you can apply for a refund only if you are not working anywhere or not receiving any taxable income from any other sources, you can submit the P55 form and claim for a tax refund on pension.

Why is the P55 form important?

This P55 form will help individuals ensure that they have paid the correct amount of tax and prevent any tax liabilities.

How can I obtain the P55 form?

To get the P55 form, go to Her Majesty’s Revenue and Customs’ (HMRC) official website or contact HMRC directly. The form is available as a PDF file for download. You may also submit P55 online below is the link using which you can download and submit it P55 form online.

PDF form:

Online Submission:

Also read: Pension Tax Relief

How can I obtain the P55 form

When should I use the P55 form?

You should use P55 form to claim you overpaid tax on pension only when you have stopped working like not doing any job or employment also not earning any taxable income from any sources.

What information is required on the P55 form?

If you want to apply for a tax refund through P55 you need to provide your personal details such as name, address, National Insurance number, and details of the pension you have paid for the period and amount you want to reclaim as a tax refund.

Can the P55 form be completed online?

Yes, you can submit P55 form online and submit your personal details such as name, address, National Insurance number, period for which you want tax refund and amount of tax refund. Here is the link to submit P55 form online.

Online Submission

Also read: BR19 form

Can the P55 form be completed online

Where should I send the completed P55 form?

We suggest you submit P55 online for a tax refund through the HMRC website, however, if you have filled offline PDF version of the P55 form you should send it to the correct HMRC office and address provided on the form itself.

Conclusion of P55 Form :

The P55 form is required for persons in the United Kingdom to seek a tax return on a pension overpayment after quitting an employment. Individuals may guarantee they obtain the right tax refund and prevent any needless tax charges by knowing the purpose and procedure of the P55 form. It is important to complete the form correctly and supply all required information. Seeking HMRC assistance or contacting a tax professional can assist in navigating the procedure and ensuring a seamless tax refund experience.

DISCLAIMER: We have written the UK accounting and tax related details for your information only. For professional advice or for any accounting task you require, you may need to speak to a professional accountant near you who can assist you. Please read our disclaimer for more details.