Episode Details

Get ready to cash in—starting this August, HMRC is sending refund letters to nearly a million workers who may owe nothing but could be owed hundreds or even thousands. It’s about pension tax relief you didn’t get if you earned around £12,570 and contributed via net pay. The government’s fixing an old oversight: lower earners shouldn’t lose out because their pension contributions were taxed before their income hit the tax-free threshold. Eligibility checks span multiple years, so if you’re near that income level and paid into a workplace pension, watch your inbox—this could be your windfall. And don’t let anyone charge you to “check”—HMRC’s got you covered.

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