Schemes could be overpaying tax on DB surplus refunds, advisers say

HMRC position conflicts with legislation and trustees remain unwilling to launch challenge

Alex Levy
clock • 4 min read
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Advisers say schemes could be paying more tax than necessary on surplus payments to employers, with trustees reluctant to challenge the position.

Growing confusion among trustees stems from a mismatch between the interpretation of HM Revenue & Customs' (HMRC) position set out in pension schemes newsletter 163 in October 2024 and the legislat...

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