About 460,000 people asked HMRC for a refund on overpaid income tax in the year 2018/19, according to a Freedom of Information request by Royal London.

Clients taking out a new VitalityInvest ISA, Junior ISA or Retirement Plan by 5 April will have their first year’s product charges refunded after 12 months.

The Financial Conduct Authority has urged people who invested in a number of unauthorised collective investment schemes (UCIS) involving ‘land banking’ to come forward to claim a possible refund from a £2.5m pot.