Fast Track Reclaim: Where Your Financial Recovery Begins
Fast Track Reclaim is an FCA regulated claims management company specialising in financial mis-selling and tax returns with over 12 years’ experience. They are registered tax reclaim agents with the Her Majesty’s Revenue and Customs (HMRC). Our services are positively rated and have more than 10,000 positive reviews on the Ekomi, an independent review website. You can find more of our latest reviews here.
Exploring the Range of Tax Reclaims Available Through Fast Track Reclaim
Fast Track Reclaim offers a number of services to assist individuals to claim back overpaid taxes. Fast Track Reclaim assists in the prompt recovery of taxes that the user has paid more than required, due to the identification of lost refunds. Let’s examine the platform’s tax reclaim types: Let’s examine the platform’s tax reclaim types:
PAYE Tax Refunds
There are many cases of PAYE (Pay As You Earn) tax overpayments. These systems pre-emptively calculate and take off income tax and National Insurance from pay cheques for most employees. But overpayments may occur due to incorrect tax codes, multiple source of income, or change in employment status. Fast Track Reclaim focuses on assessing such cases to identify such irregularities and compensation of overtaxed individuals. The service assists users to get back what is theirs following a change in employment, working a different schedule, or during unpaid leave.
Marriage Allowance Reclaims
Marriage Allowance allows one spouse or civil partner to transfer part of his or her personal allowance to the other, with the aim of reducing the amount of tax paid. However, few couples are aware of this provision or have not availed it in the past. Fast Tax recoup enables couples to claim Marriage Allowance for four years to make the most of it. In cases where the couple has low income or no working member, our service assists to manage their tax position.
PPI Tax Refunds
Statutory interest recovered is also taxable and is usually incorporated in the PPI settlement amount. Some of the PPI recipients may have paid tax on this interest in excess particularly if their income is below the personal allowance. This tax is one of the specialisations of Fast Track Reclaim, which always ensures that people get the maximum amount. This service is very valuable for those people who were unaware of the possibility to reclaim PPI compensation tax.
Pension Tax Refunds
The new pension freedoms can lead to overpayment tax when pension fund access is sought. This can occur when pensioners take lump sum and pay tax through emergency tax rates. Fast Track Reclaim assists retirees to get back their overpayment pension tax so that they can retain more of their pension. It leads the customers to identify and rectify their tax situation in the most appropriate manner.
Overpaid Tax on Savings Interest
Savings interest can cause one to pay more taxes than necessary in the event that their income is below the tax-free interest level. Fast Track Reclaim assists savers to reclaim overpayment savings interest taxes to ensure that the saver does not incur a penalty. This service is particularly good for people who have multiple savings account interest or unknown tax-free allowances.
Maximizing Your Refund Potential with Fast Track Reclaim
Fast Track Reclaim offers several services to deal with recurrent tax overpayments. Fast Track Reclaim assists people in getting monies that they possibly did not know they were entitled to by providing specialist information and performing intricate tax reclaim procedures. Fast Track Reclaim assists consumers in claiming the highest possible amount of PAYE tax back, working expenses, and other select reclaims such as Marriage Allowance and PPI tax back.