HMRC continues to see raft of pension tax overpayment claims

The latest pension flexibility statistics revealed a total of 12,767 repayment claims were processed in the second quarter of the year. Quilter head of retirement policy Jon Greer said that this shows that HMRC's is "still fighting the scourge" of pension tax overpayment despite streamlining the process of providing updated tax codes for people who are new to receiving a private pension, from the current tax year. He said: "A total of 12,767 repayment claims were processed in the second quarter of the year, totalling £48,701,927, and around £92m for the year to date. "For the secon...