Pensioners claw back record £32m from HMRC

Pedro Gonçalves
clock • 2 min read

Pension savers have been forced to claim back more than £32m in overpaid tax from that the HMRC charged to people who had withdrawn money from their pension during the last quarter of 2019. Over 10,000 pension flexibility claims forms were processed by HMRC in the final quarter of 2019 and a record £32.2m was repaid to those who had been charged emergency tax when they withdrew money from their pension, according to the latest figures from the taxman. Jon Greer, head of retirement policy at Quilter, said pension savers have been forced to claim back an average of more than £3,000 per ...

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