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Daily Record
Daily Record
World
James Rodger & Peter Diamond

Thousands in UK are owed £3,300 after HMRC pensions error

Thousands of people across the UK are owed £3,363 by HMRC. Savers could be entitled to money back - after HMRC overcharged on pension tax, according to the latest figures.

Retirees could be owed thousands, it has been warned with an estimated 7,000 pension savers overpaid by £33million in total in the last three months alone, according to stats. Every person eligible could be owed as much as £3,363 each, based on average calculations.

However, the number could actually rise higher, experts have warned. Those savers who access one-off lump sums from their pension are taxed like monthly income and that means they have been paying too much, according to BirminghamLive report.

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