Approach to taxation on withdrawals a 'quiet scandal'

Over-taxation reclaims approaching £900m

Holly Roach
clock • 1 min read
Approach to taxation on withdrawals a 'quiet scandal'

The government’s approach to the taxation of pension withdrawals is a “quiet scandal”, according to AJ Bell.

The firm analysed HM Revenue & Customs (HMRC) data, finding savers have been overtaxed around £892m since 2015. It said more than £33m was repaid to over 10,000 people overtaxed on pension withd...

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