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

Good News Corner: Rothesay Foundation makes £1m donation to Clarion Futures

Good News Corner: Rothesay Foundation makes £1m donation to Clarion Futures

Donation will support a minimum of 55 wellbeing spaces for the next two years

Jonathan Stapleton
clock 06 March 2026 • 3 min read
Royal London BPA business secures £1.3bn of premiums in first full year of trading

Royal London BPA business secures £1.3bn of premiums in first full year of trading

Firm’s annual results show workplace pension membership has reached 2.2 million savers

Holly Roach
clock 06 March 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Spring Statement, TPR DB report, and QinetiQ scheme appoints Insight as fiduciary manager

Professional Pensions
clock 06 March 2026 • 1 min read
Trustpilot