HMRC’s £45m pensions tax repayment spotlights urgent need for review
1 February 2023
HM Revenue & Customs repaid more than £45 million in overtaxation on pension withdrawals in the fourth quarter of 2022, as the cost-of-living crisis drove a growing number of people to access their pension savings. This tax anomaly needs urgent review, say commentators. The latest figures show that £45,026,065 was repaid to 14,335 people...
