425,000 workers taxed twice

Adrian Holliday

Taxed twice? You might be if you're failing to claim back tax on your pension contributions. New estimates reckon more than 400,000 Britons - those thought to earn at least £42,475 a year - are not claiming the tax back on hard-earned pension savings. You can claim the tax back, but miss the HMRC deadline and you may not be eligible for any claw-back.