Tax  

Webb warns of pensions over-taxation in lockdown

An HMRC spokesperson said: “Nobody will overpay tax as a result of taking advantage of pension flexibility.                             

“Individuals can claim back any overpayment due to an emergency tax code being applied immediately and we will repay this in 30 days.

“Anyone who does not claim will be automatically repaid at the end of the year.”

amy.austin@ft.com 

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