HMRC repays record £61m in overpaid pensions tax in Q3 2023

Over £1.1bn has been reclaimed in overpaid pensions tax since freedoms were introduced

Martin Richmond
clock • 2 min read
HMRC repays record £61m in overpaid pensions tax in Q3 2023

HM Revenue and Customs (HMRC) repaid a record amount in overpaid pensions tax in the three months from July to September this year, figures published yesterday (26 October) have shown.

In its October pension schemes newsletter, HMRC said a record £61,305,602 was repaid in the period from 1 July to 30 September, with the average reclaim amounting to £3,252 - a slight decrease on t...

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