I doubt the effect would be material.
You can only go back 4 years for any refunds (Section 865) and rates have been pretty static over that period.
So unless you'd no income in one of those years (which doesn't seem to have been the case), it's probably a moot point.
Who's responsibility is it to do the recalculations? The employer or the Revenue or an accountant?
PRD = "Pension Related Deduction".PRD - Pension?
I doubt that there's any point in doing this.
Never mind the logistics, the combination of a higher marginal rate of income tax in years gone by and the health levy probably get close to negating the effect of the USC.
This seems to be very poor advice. I would engage a tax professional and also approach your employer to ensure that you are NOT out of pocket as a result of their error.
Is it really? It isn't advice - Merely an observation that I would be surprised if the benefit outweighs the cost.
But no, your suggestion to "engage a tax professional" is clearly great advice. Having income that's been taxed at the OP's marginal rate in 2015 taxed at the OP's marginal rate in previous years and paying a professional to undertake the assignment is clearly fantastic advice.
We're talking about circa six grand here. And then very small percentages of six grand.
I don't see where anyone mentioned 6 grand?
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