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Pensioners Overcharged by HMRC
Description
Millions of pensioners may have been overcharged a small amount each year due to HMRC’s mistake in calculating state pension tax — using 52 weeks of the new rate instead of 51 weeks plus one week at the old rate. Though most owe just £5 extra annually, the error could total £365 million over nine years. One elderly taxpayer even sent bank statements to HMRC’s CEO to highlight the issue. The tax authority has apologized and plans to resolve it this summer — if you think you’re affected, contact HMRC for a possible refund.
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