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

Autumn Budget 24: How Labour's announcements impact the pensions industry

Autumn Budget 24: How Labour's announcements impact the pensions industry

Pensions industry reacts to chancellor Rachel Reeves’ first Budget

Holly Roach
clock 30 October 2024 • 6 min read
Autumn Budget 24: Heavily rumoured pension changes fail to go ahead

Autumn Budget 24: Heavily rumoured pension changes fail to go ahead

The chancellor chose not to target workplace pensions, despite raising taxes by £40bn

Holly Roach
clock 30 October 2024 • 3 min read
Autumn Budget 24: Labour affirms Mineworkers Pension Scheme manifesto pledge

Autumn Budget 24: Labour affirms Mineworkers Pension Scheme manifesto pledge

Government announces it will fulfil manifesto pledge to give mineworkers ‘fair pensions’

Martin Richmond
clock 30 October 2024 • 1 min read
Trustpilot