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The Independent UK
The Independent UK
National
Emily Atkinson

Warning to pensioners as hundreds of thousands are overtaxed by £3,000

PA Archive

Hundreds of thousands of pensioners have been overtaxed by £3,000, new data show, prompting leading experts to brand the government’s system a “disgrace”.

People who have flexibly withdrawn pension savings have collectively overpaid more than £1bn in tax since 2015, the latest HM Revenue and Customs (HMRC) figures show

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