HMRC repays £44m in overpaid pensions tax in Q1 2025

Analysis shows savers have recouped more than £1.4bn in overpaid pensions tax since 2015

Martin Richmond
clock • 3 min read
HMRC repays £44m in overpaid pensions tax in Q1 2025

HM Revenue and Customs (HMRC) repaid nearly £44m in overpaid pensions tax in the three months from January to March this year, newly published figures have shown.

HMRC's April pension schemes newsletter - published yesterday (24 April) - revealed it had repaid £44,003,977 covering the period from 1 January to 31 March 2025. This marked a £5.5m decrease on th...

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

Industry 'encouraged' by draft CDC code but warns of 'unnecessary' burden

Industry 'encouraged' by draft CDC code but warns of 'unnecessary' burden

The pensions sector has responded to TPR’s consultation on the new CDC code of practice

Holly Roach
clock 13 February 2026 • 6 min read
Industry in favour of moving new public sector staff into DC schemes

Industry in favour of moving new public sector staff into DC schemes

PP poll finds 79% of respondents back findings of report by Policy Exchange

Martin Richmond
clock 13 February 2026 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Deloitte scheme and Standard Life’s £700m buy-in, Aviva fast-track process for buyouts, WTW BPA market predictions

Professional Pensions
clock 13 February 2026 • 1 min read
Trustpilot