Pension FreedomOct 26 2023

Overpaid tax on pensions almost doubles as savers dip into pots

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Overpaid tax on pensions almost doubles as savers dip into pots
HMRC has seen a significant 89 per cent increase in the number of claim forms processed compared to Q3 2022. (Pexels/Leopoldo Fernandex)
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HM Revenue & Customs has returned more than £61mn in overpaid tax to savers who accessed their pensions in the third quarter of 2023.

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