Hoping a pensions expert or someone who has recently reclaimed overpaid pension tax can advise.
My dad withdrew 25% tax free from his company pension in 2017 while still working full time. This prompted that pension pot (let's call it pension pot 1) to 'wrap up / stop' (sorry totally wrong terminology) and another one (pension pot 2) started automatically.
He retired 14 months ago and has now taken the remainder of pension pot 1 in full in cash. He paid emergency tax (he understood this would happen and this is fine) however is now trying to work out which form is right for him to complete to reclaim the tax? HMRC email help has been non-responsive.
Money Saving Expert website is helpful although I'm still unsure (as is he) which bracket he falls under. On MSE it says:
Emptied your pension and have no other income in that tax year? Use: P50Z
He gets the state pension, so is this considered income?
Emptied your pension but have other taxable income that tax year? Use: P53Z
Again, he gets the state pension but it falls below the personal allowance so is not taxed.
Haven't emptied your pension pot? Use: P55
He has pension pot 2 which is untouched, so does this mean he has NOT emptied his pension pot?
Any steer gratefully appreciated.
Thank you.