HMRC repays £37m for overtaxed flexible pension payments in Q3

Michael Klimes
clock • 2 min read

HM Revenue and Customs (HMRC) paid out £37m in overpaid tax to pension freedoms users in the third quarter of the year, its quarterly figures have revealed.

HMRC processed 16,168 tax repayment claim forms across three types of document between 1 July and 30 September: 8,489 were P55s, 5,944 were P53Zs and 1,735 were P50Zs. Although £10m more was pai...

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 Defined Contribution

DC providers' accumulation performance gap rises in 2024, research shows

DC providers' accumulation performance gap rises in 2024, research shows

Research finds performance gap between providers in accumulation phase stood at 14.4%

Martin Richmond
clock 04 March 2025 • 3 min read
PPI calls for 'new approach' to Gen Z retirement planning

PPI calls for 'new approach' to Gen Z retirement planning

PPI report commissioned by IFoA looks at challenges the generation faces in retirement

Jasmine Urquhart
clock 26 February 2025 • 3 min read
Partner Insight: Why more support is needed to help avoid retirement savings shortfall

Partner Insight: Why more support is needed to help avoid retirement savings shortfall

With some retirees facing nearly a decade of unfunded retirement, Jayesh Patel - Head of DC Clients at Legal & General - discusses how to help savers better plan for the duration of their retirement years.

Trustpilot