HMRC repays nearly £57m in overpaid pensions tax in Q2 2024

Analysis finds savers have reclaimed almost £1.3bn since introduction of pension freedoms

Martin Richmond
clock • 3 min read
HMRC repays nearly £57m in overpaid pensions tax in Q2 2024

HM Revenue and Customs (HMRC) repaid nearly £57m in overpaid pensions tax in the three months from April to June this year, newly published figures have shown.

In its August pension schemes newsletter, published today (7 August), HMRC said it had repaid £56,925,219 to savers in the period from 1 April to 30 June, which represented a nearly £15m increase f...

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

Majority of pension savers would use digital advice from providers

Majority of pension savers would use digital advice from providers

Bravura research finds 73% of workplace pension savers want advice from providers

Jenna Brown. Additional reporting by Jasmine Urquhart
clock 24 March 2025 • 2 min read
News Digest: Pensions risk - the downside of weight-loss drugs

News Digest: Pensions risk - the downside of weight-loss drugs

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

Professional Pensions
clock 24 March 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Multi-scheme buy-in deal, Aga Rangemaster appoints Schroders for FM brief, WTW research

Professional Pensions
clock 21 March 2025 • 1 min read
Trustpilot