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Revenue urges public to recover tax on savings

Up to 4 million people could benefit from an Inland Revenue initiative to encourage savers to claim tax back on their savings.

Over the last few months more than 7.3 million tax has been repaid to more than 21,000 pensioners.

Some people on higher incomes will be able to claim back tax that has been deducted from their savings, for example, if they are entitled to the married couples allowance.

Paymaster General Dawn Primarolo says: Up to 300 million could be waiting to be claimed so it is vital that anyone who thinks they might be eligible contacts the Inland Revenue.

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