HMRC returns £27m of overpaid tax to pension freedom users

James Phillips
clock • 2 min read

More than 10,000 counts of tax overpayment relating to pension freedoms have led to a £26.8m bill for HM Revenue & Customs (HMRC), latest data has revealed.

The tax office was forced to repay thousands of savers for overpaid income tax, with more than 10,000 repayment forms processed between April and June. The P55 form to claim a repayment for tax ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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