pensions tax relief

502,000 claim back £1.5bn overpaid tax on pensions

New figures published by HMRC reveal that the total number of claims for overpaid tax on pension withdrawals has soared above half a million to 502,000 - resulting in a total of almost £1.5bn reclaimed since the introduction of Pension Freedoms in 2015.
Hundreds face huge tax bill after cashing in pension

Almost 300 people fully encashed a pension of more than £250,000 after tax-free cash between October 2023 and March 2024, paying a minimum £98,700 each in tax in the process, according to new analysis of FCA figures by Standard Life.
HMRC to replace emergency tax codes on pension withdrawals

HMRC is to reform the much-criticised system it uses to apply emergency tax codes to pension lump sum withdrawals.
Raid on pensions tax relief could cost 'squeezed middle' £3,000 a year
Budget: Pensions tax relief cut 'contradictory and perverse'
Financial Planner calls for 30% flat rate pensions tax relief
HL believes pension tax relief is “on borrowed time”
Pensions tax relief cut coming in next 2 years, director believes
Poll: Pensions tax relief cut coming in next 2 years
Chartered planner: End is nigh for higher rate pensions tax relief
Pension tax relief may return to spotlight due to election
AJ Bell warns against hacking back pension tax relief
ABI calls on Chancellor to end pensions ‘salami-slicing’
Government rejects call for pension tax relief review
Numbers paying pension tax penalties skyrocket
Pension tax changes boost business for 49% of advisers

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