Tax Rebates & Refunds

Act fast on tax when redundancy takes you by surprise

September 24, 2011
Posted in Tax Rebates — Written by Jennifer

Redundancy is very hard to accept when you are comfortable in your current job and you don’t feel you have had enough warning of your impending unemployment. Redundancy can come about very quickly, in which case, you may simply not have had time to find yourself a suitable position, permanent or temporary, to ease the financial burden of being out of work.

If you find yourself in the position whereby you are looking for a job from a state of unemployment, then you need all the help you can get to afford to live in the meantime. Outgoings related to your living arrangements, food and drink, energy bills, card payments, and so on, will not stop just because you are out of work, so you need to take action on your finances.

One of the things you can do is to organise for a tax rebate. Tax rebates are owed to those who lose their job and find that they have paid more tax on their wages then they should have given the new situation they find themselves in. If you are no longer earning then your tax payments may need to be looked at.

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