HMRC to refund £42m in overpaid pensions tax in Q4 2021

Over 13,000 repayment claims

clock • 2 min read
HMRC to refund £42m in overpaid pensions tax in Q4 2021

HM Revenue and Customs (HMRC) will refund more than £42 million in overpaid tax on flexible pension withdrawals in Q4 2021, with an average reclaim of £3,107 per saver, according to the government’s latest data.

Over the last quarter, 13,579 repayment claim forms were processed by HMRC for pension flexibility payments, totalling £42m in overpaid tax. This takes the running total of tax repaid by HMRC to around...

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