HM Revenue & Customs  

HMRC pays back £1bn in tax on pension withdrawals

A HMRC spokesperson said: “Nobody overpays tax as a result of taking advantage of pension flexibility. We will automatically repay anyone who pays too much because they’re on an emergency tax code. Individuals can claim back any overpayment earlier if they wish.”

sonia.rach@ft.com

Article continues after advert

What do you think about the issues raised by this story? Email us on ftadviser.newsdesk@ft.com to let us know