HMRC pays back £535m wrongly claimed on pension withdrawals

We posted this story yesterday over on our Twitter account ( but we also wanted to share it on our blog as it’s a common occurrence.

The story, featured on This is Money, stated that new figures from HMRC reveal that, in the three months to September 30th, it had to pay back £54m that was wrongly claimed on pension withdrawals.

It is the highest quarterly figure since pension freedoms were introduced in 2015 and it means that HMRC has now had to repay £535million after applying ’emergency tax’ to pension withdrawals.

You can read this story in full at:

It’s worth checking to make sure that you haven’t been over taxed on your pensions withdrawals.

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