UK HMRC to issue one-off pension top-ups to ~1M people, mostly women

HMRC will contact about one million people, mostly women, who are owed pension tax relief and issue a one-off top-up payment. The exact amount and timeline are not specified, and the root cause appears to be historical underpayment of tax relief on pension contributions. This is a fiscal transfer that could modestly boost household incomes and consumption, but the aggregate impact is likely small relative to the UK economy.