£716 million pensions tax reclaimed from HMRC

5 May 2021

Pension savers overtaxed on pension withdrawals have reclaimed £716 million since 2015, according to the latest figures from HM Revenue & Customs. In the first three months of 2021, over 7,000 official reclaims worth £23 million were submitted to HMRC. Over-taxation occurs when a pension investor accesses their retirement pot flexibly for the first...