HMRC repays £37m for overtaxed flexible pension payments in Q3

Michael Klimes
clock • 2 min read

HM Revenue and Customs (HMRC) paid out £37m in overpaid tax to pension freedoms users in the third quarter of the year, its quarterly figures have revealed.

HMRC processed 16,168 tax repayment claim forms across three types of document between 1 July and 30 September: 8,489 were P55s, 5,944 were P53Zs and 1,735 were P50Zs. Although £10m more was pai...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Salary sacrifice change risks 'undermining' the progress of pensions reform

Salary sacrifice change risks 'undermining' the progress of pensions reform

Budget change would hit the growth phase directly leading many to cut contributions

Jonathan Stapleton
clock 10 November 2025 • 2 min read
FTSE bosses must find credible growth stories if they want pension cash

FTSE bosses must find credible growth stories if they want pension cash

Darren Philp says UK companies must first look to themselves if they are short of capital

Jonathan Stapleton
clock 10 November 2025 • 4 min read
ESG remains important consideration for DC providers in 2025

ESG remains important consideration for DC providers in 2025

EY report finds improvements in quality of ESG data but says providers still face challenges

Martin Richmond
clock 03 November 2025 • 4 min read
Trustpilot