HM Revenue & CustomsNov 3 2022

HMRC pays back £925mn in overpaid tax on pension withdrawals

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HMRC pays back £925mn in overpaid tax on pension withdrawals
Carmen Reichman/FT
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Latest figures by HM Revenue & Customs revealed it had to pay back more than £900mn in overpaid income tax to people who have made flexible withdrawals from their pensions.  

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