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Top News In Pensions Tax Today - Breaking & Trending Today

Thousands of pensioners claw back £3,200 in overpaid tax

Many more people could be due a refund, a tax expert has said, as more than 12,000 pensioners managed to get money back. ....

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HMRC repays record £61m in overpaid pensions tax in Q3 2023

HM Revenue and Customs (HMRC) repaid a record amount in overpaid pensions tax in the three months from July to September this year, figures published yesterday (26 October) have shown. ....

Ian Cook , Tom Selby , Aj Bell , Pensions Tax , Tom Selby , Jan Cook ,

Robin Ellison: Simplifying pensions taxation

In the latest in his series of monthly columns for Professional Pensions, Robin Ellison says it is probably OK to organise an industry demo outside HMRC offices protesting against the excesses of the new pensions taxation legislation. ....

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Limit or scrap tax on pension withdrawals for care purposes, ABI urges

HM Treasury should scrap or limit tax on pension withdrawals if the funds are to be used for care related purposes – including if they are to be used for an immediate needs annuity (INA) – the Association of British Insurers (ABI) says. ....

Tom Selby , Pensions Policy Institute , Pensions Service , Institute For Fiscal , Fiscal Studies , Association Of British Insurers , Aj Bell , Pensions Policy Institute , Pensions Tax , Tom Selby ,

HMRC to refund £42m in overpaid pensions tax in Q4 2021

HM Revenue and Customs (HMRC) will refund more than £42 million in overpaid tax on flexible pension withdrawals in Q4 2021, with an average reclaim of £3,107 per saver, according to the government’s latest data. ....

Clark Peacock , Steve Webb , Jon Greer , Lane Clark , Lane Clark Amp Peacock , Steve Webb , Pensions Tax ,