The £70 refund letter that isn't a scam
Summary
The UK government will send letters to about one million mostly low-income people, mostly women, to inform them they can receive extra pension payments. This money makes up for pension tax relief some low earners missed because of how their pensions were managed.Key Facts
- Around one million people in the UK, mainly women with low incomes, will get letters from HM Revenue and Customs (HMRC).
- The letters explain eligibility for extra pension payments, often about £70, but amounts may differ.
- These top-up payments are for people who earned close to but not over £12,570 a year, the UK’s tax threshold.
- The payments correct differences caused by how pension tax relief was handled under different pension schemes.
- People do not need to apply; HMRC will contact them automatically by letter or through their online tax account.
- HMRC will never ask for money, PIN codes, or passwords and will not contact by phone, text, or email about this payment.
- Those who don’t use the internet can provide their bank details by phone to receive the payment.
- HMRC plans a public campaign to raise awareness about these payments and how to avoid scams.
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.