HMRC repays £44m in overpaid pensions tax in Q1 2025

Analysis shows savers have recouped more than £1.4bn in overpaid pensions tax since 2015

Martin Richmond
clock • 3 min read
HMRC repays £44m in overpaid pensions tax in Q1 2025

HM Revenue and Customs (HMRC) repaid nearly £44m in overpaid pensions tax in the three months from January to March this year, newly published figures have shown.

HMRC's April pension schemes newsletter - published yesterday (24 April) - revealed it had repaid £44,003,977 covering the period from 1 January to 31 March 2025. This marked a £5.5m decrease on th...

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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Small pensions pot consolidator launched, Mansion House Compact II draft circulated, TPR superfund blog

Professional Pensions
clock 25 April 2025 • 1 min read
Utmost posts 90% annual AUA increase after entrance to UK BPA market

Utmost posts 90% annual AUA increase after entrance to UK BPA market

Group surpasses £100bn AUA mark but posts decrease in operating profit

Jasmine Urquhart
clock 25 April 2025 • 1 min read
Drive up social mobility to boost DEI initiatives, NextGen urges

Drive up social mobility to boost DEI initiatives, NextGen urges

Research finds industry focus groups have concerns over ‘diversity-washing’

Martin Richmond
clock 25 April 2025 • 4 min read
Trustpilot