HMRC to go after pension savers who returned their lump sum

squirrelpie

Juno_Moneta said:

(Paywalled)

https://www.telegraph.co.uk/money/pensions/private-pensions/hmrc-to-go-after-pension-savers-who-returned-their-lump-sum/

There doesn't seem to be a paywall. I was able to read the whole article.

valiant24

Grumpy_chap said:

It does seem as though the tax is not being pursued against those that did the yo-yo before the last budget - quite possibly the announcement has made the news now as it is ahead of this coming budget.  

A spokesman for HMRC said: “We made our position on the tax rules around returning tax-free lump sums clear on Dec 5, 2024. We will seek to challenge alternative interpretations of these rules after this date.”

Well, I'm not so sure ... and I have given this a lot of thought as I am in exactly this position!

“We made our position on the tax rules around returning tax-free lump sums clear on Dec 5, 2024. We will seek to challenge alternative interpretations of these rules after this date.”

This does not explicitly say that returns prior to 05/12/24 won't be pursued.   It's possibly a fair inference, but it's not definitive.