Former pensions minister Steve Webb branded HMRC "outrageous" after it revealed it had to repay more than £26m in just three months after excess income tax was taken from savers making use of pension freedom.
HMRC's latest Pension Schemes Newsletter showed the government had to repay £26,835,357 to savers on pension funds withdrawn using pension freedoms. It said a total of 10,576 forms had been processed...
Partner Insight: Continuing the Architas education series for clients.
What made financial headlines over the weekend?
290,000 already affected
Putting the tech into protection
Square Mile’s series of informal interviews