The £70 Refund Letter That Isn't a Scam The HM Revenue and Customs (HMRC) has announced a £70 refund for low earners who missed out on pension payments due to the type of pension scheme used.
This move is intended to rectify an oversight in the tax relief system, but its underlying reasons are worth examining. Low earners have been operating under different rules when it comes to pension payments.
Those whose employers used a Net Pay Arrangement scheme received less tax relief than those on a Relief at Source scheme.