HMRC is Refunding Thousands of Pensioners Who Were Overcharged Tax on Pension Withdrawals | Are You Eligible for a Refund?
Thousands of UK pensioners are receiving unexpected tax refunds due to overcharges on lump-sum pension withdrawals. This issue stems from HMRC’s emergency tax codes, which can incorrectly calculate tax based on assumptions of regular income. Many retirees are discovering they’ve…