Being made redundant and not being able to find a job can be one of the most stressful times in a person’s life. This worry can be compounded when the inevitable money worries start to occur as Job Seekers allowance is hardly enough to live on.
At the moment in the UK there are 1.7 million people without a job. Not many of them are aware that if they do claim job seekers allowance then this is classified as part of their taxable income.
When you do not have a job, applying for tax refunds will probably be the last thing on your mind, however they could provide you with a much needed boost in your income. It is highly likely that if you have been out of work for any length of time, you are due some tax back as your annual tax allowance would not have been calculated correctly.
Even if you have now found a job, it might be worth contacting a tax refund service agent as they could claim your tax back for any time that you were out of work during the last six years.
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