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Pension Credit

Volume 504: debated on Monday 18 January 2010

To ask the Chancellor of the Exchequer how many pensioners his Department has contacted in relation to its pension credit tax back campaign; how many such pensioners have responded to that campaign; how much has been claimed back (a) on average per pensioner and (b) in total; and if he will make a statement. (308307)

As part of the Taxback campaign announced at Budget 2009, HM Revenue and Customs (HMRC) have written to all 3.4 million beneficiaries of pension credit to encourage those who are overpaying tax on their bank and building society interest to claim it back and, where eligible, to register to receive future interest payments without tax deducted.

The final letters went out on 3 December and so claims are still being received and more are anticipated. An accurate estimate of the full impact of the campaign could not be provided until all responses have been received and evaluated.