Pension freedoms over-taxation bill surpasses £1bn

Industry dubs latest HMRC figures ‘absolute disgrace’ as more than £1bn is repaid to savers

Holly Roach
clock • 2 min read
Pension freedoms over-taxation bill surpasses £1bn

HM Revenue & Customs (HMRC) has repaid more than £1bn in overpaid pensions tax since 2015, latest data reveals.

In its April 2023 pension schemes newsletter, HMRC said more than £48.5m was repaid to 15,856 people overtaxed on pension withdrawals in January, February, and March this year. The £48,550,827 r...

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Holly Roach
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Holly Roach

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