Article preview: What happens when you make a withdrawal from a pension pot under pension freedoms, and an emergency rate of tax is applied to that money? HM Revenue & Customs has published its latest update on the emergency tax applied to pension freedom withdrawals. The figures show that HMRC refunded more than £25 million in overpaid tax in the final quarter of last year.
Reclaiming overpaid emergency tax on pension withdrawals
This 621-word blog post looks at the latest HMRC figures for overpaid pension withdrawal tax, including tips on how to reclaim overpaid emergency tax. Written on 4th February 2021.
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