Bookmark Us

Lisa Webster: Contribution refunds – what makes a genuine error?

Rate this item
(0 votes)
Lisa Webster, Technical resources consultant Lisa Webster, Technical resources consultant
The basic premise on contributions made to pensions is that once the money has gone in, you can’t get it out again until you reach retirement age (or earlier ill health or death). There are very few circumstances when exceptions can be made, and if a refund is made other than as permitted by HMRC, then it would be classed as an unauthorised payment with charges totalling up to 70% of the amount refunded.
Read 195 times Last modified on Wednesday, 28 November 2018 11:58

News from Twitter