HMRC repays record £61m in overpaid pensions tax in Q3 2023

Over £1.1bn has been reclaimed in overpaid pensions tax since freedoms were introduced

Martin Richmond
clock • 2 min read
HMRC repays record £61m in overpaid pensions tax in Q3 2023

HM Revenue and Customs (HMRC) repaid a record amount in overpaid pensions tax in the three months from July to September this year, figures published yesterday (26 October) have shown.

In its October pension schemes newsletter, HMRC said a record £61,305,602 was repaid in the period from 1 July to 30 September, with the average reclaim amounting to £3,252 - a slight decrease on t...

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

Broadstone partners with PE firm on strategic growth agreement

Broadstone partners with PE firm on strategic growth agreement

Consultancy signs strategic growth investment agreement with private equity firm

Jasmine Urquhart
clock 07 January 2025 • 1 min read
News Digest: Pension megafunds must not morph into 'oligopoly', major master trust warns

News Digest: Pension megafunds must not morph into 'oligopoly', major master trust warns

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

Professional Pensions
clock 07 January 2025 • 1 min read
SPP launches guides for those in early stages of pensions career

SPP launches guides for those in early stages of pensions career

Organisation has produced several ‘bite sized’ videos for early career pension professionals

Jasmine Urquhart
clock 06 January 2025 • 1 min read
Trustpilot