HMRC pays out £38m to pension freedom users after overtaxing

Holly Roach
clock • 1 min read

HM Revenue and Customs (HMRC) has had to pay £38m to pension freedom users after more than 18,000 counts of tax overpayment were reported.

Around 18,400 repayment forms were processed between July and September resulting in the tax office having to repay thousands of savers. The freedoms were introduced in April 2015 and this will be ...

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Holly Roach
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Holly Roach

News Editor at Professional Pensions

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