HMRC refunds £48.7m pension tax overpayments ahead of new system
3 August 2025
HMRC repaid £48.7m from 12,767 claim forms that were processed through the quarter for tax overpayments on pension flexibility payments. Improvements to the system are being applied from the current tax year, which should mean that people accessing their pension cash are moved onto the correct tax code sooner, minimising or eliminating the need...
