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

More on Industry

TISA and industry urge government to rethink IHT on pensions

TISA and industry urge government to rethink IHT on pensions

Research proposes simpler alternatives

Isabel Baxter
clock 15 July 2025 • 5 min read
News Digest: Only tax inherited pensions worth more than £90k, Reeves urged

News Digest: Only tax inherited pensions worth more than £90k, Reeves urged

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 15 July 2025 • 1 min read
Buzz: Do you support the commitments in the Employer Pension Pledge?

Buzz: Do you support the commitments in the Employer Pension Pledge?

Employer Pension Pledge, scheme investment mandation and pensions adequacy

Professional Pensions
clock 14 July 2025 • 1 min read
Trustpilot