Pension overtaxation claims hits £1.6 billion since 2015

26 April 2026

Pension savers reclaimed £44.1 million in over-taxation on pension withdrawals in the first three months of 2026, the latest HM Revenue and Customs figures show. In its pension schemes newsletter, HMRC said there were 13,942 reclaim forms processed during the quarter, with an average reclaim of £3,165. In total, around £1.6 billion has now...