HM Revenue and Customs (HMRC) has refunded nearly £57 million to individuals who overpaid tax after accessing their pensions, leading to a "nasty shock" for many when their initial lump sum is less ...

The latest figures from HM Revenue and Customs (HMRC) reveal that close to £57 million has been refunded to people who are paying too much tax who overpaid tax upon initially accessing their pensions.

20:51, Wed, Aug 7, 2024 Updated: 20:52, Wed, Aug 7, 2024 HM Revenue and Customs (HMRC) has had to reimburse nearly £5.7million to people who paid too much tax when first accessing their pension, new ...

The latest Pension Flexibility data published by HM Revenue and Customs (HMRC) shows that nearly £57 million has been repaid to people who paid too much tax when they first accessed their pension.

People accessing their pensions are being urged not to unnecessarily surrender thousands of pounds to the taxman - and specialists say there's a straightforward £1 method that could prevent it. When ...

Retired Britons are quietly leaving hundreds of pounds with HMRC. A handful of updated and overlooked allowances can flip that story — if you know where to look. It starts at a kitchen table, with a ...

Brits drawing their pensions are being warned not to hand over thousands of pounds unnecessarily to the taxman - and experts say there’s a simple £1 trick that could prevent it. When savers over 55 ...

HMRC paid back nearly £57 million in the last three months to people who paid too much tax when they first accessed their pension The latest figures from HM Revenue and Customs (HMRC) reveal that ...