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Connemmara | 14:40 Sat 28th Aug 2010 | ChatterBank
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I will be receiving about £11,000 money that I paid to a scheme in work from 1997-2004 ie 17 years - this money will come (I hope to me) around this November. Can anybody tell me how much inland revenue tax I will have to pay on this.

Giving you an example my friend last year had worked for 10 years and received £8,000 and was told to pay back inland revenue £2,000. Thanks for any help
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A lot depends on what the following:

What type of scheme it was i.e. was it a pension?
is it a UK plan?
are you eligible for UK tax relief?
are you earning at the moment/what is your income?
How old are you?
Do you pay UK tax?
I'm not sure what kind of insurance this would be. I'd be surprised if any tax were due.
By the way,1997-2004 is only 7 years.
Can you provide a bit more information?
Thanks.

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