HMRC repays nearly £57m in overpaid pensions tax in Q2 2024

Analysis finds savers have reclaimed almost £1.3bn since introduction of pension freedoms

Martin Richmond
clock • 3 min read
HMRC repays nearly £57m in overpaid pensions tax in Q2 2024

HM Revenue and Customs (HMRC) repaid nearly £57m in overpaid pensions tax in the three months from April to June this year, newly published figures have shown.

In its August pension schemes newsletter, published today (7 August), HMRC said it had repaid £56,925,219 to savers in the period from 1 April to 30 June, which represented a nearly £15m increase f...

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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Industry

LCP publishes 2025/26 annual report

LCP publishes 2025/26 annual report

Consultancy’s report showed PRT team led on transactions totalling £7.8bn in 2025

Martin Richmond
clock 03 August 2026 • 1 min read
Greater investment choice could drive pension engagement, says Penfold

Greater investment choice could drive pension engagement, says Penfold

Digital provider suggests guidance should be balanced with choice

Alex Levy
clock 03 August 2026 • 2 min read
Government confirms date for Autumn Budget 2026

Government confirms date for Autumn Budget 2026

John Healey’s first Budget as chancellor will take place on Wednesday 28 October

Holly Roach
clock 03 August 2026 • 2 min read
Trustpilot