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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Sophia Singleton: A year as SPP president

Sophia Singleton: A year as SPP president

The SPP president reflects on her first year leading the representative body

Sophia Singleton
clock 16 June 2025 • 4 min read
Faith Ward and Michelle Scrimgeour recognised in King's Honours

Faith Ward and Michelle Scrimgeour recognised in King's Honours

The honours mark the contributions and service of people across the UK

Jonathan Stapleton
clock 16 June 2025 • 3 min read
News Digest: How Labour's winter fuel fiasco paves the way for means-testing the state pension

News Digest: How Labour's winter fuel fiasco paves the way for means-testing the state pension

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

Professional Pensions
clock 16 June 2025 • 1 min read
Trustpilot