800,000 people 'overpaying tax' on pensions due to wrong codes

James Phillips
clock • 2 min read

Nearly a million savers could be paying more tax on their pension than required, simply because they have been given the wrong tax code, Royal London has claimed.

The insurer estimated around 800,000 people under the state pension may be being taxed despite their income being below the personal allowance. The problem is particularly apparent where people wer...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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