NAO reveals pensions overpaying £250m in tax

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NAO reveals pensions overpaying £250m in tax

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10-23-2009, 01:09 PM

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NAO reveals pensions overpaying £250m in tax

A report by the National Audit Office (NAO) has revealed that around 1.5 million pensioners have made overpayments in income tax due to processing errors.Furthermore, the NAO revealed that around 3.2 million were neglecting to take up their allowance entitlements.The watchdog also estimated that half a million pensions have underpaid tax, by an average £207.According [...]

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