HMRC repays £48.5m in overpaid pensions tax in Q3 2025

Analysis finds savers have recouped more than £1.5bn since introduction of pension freedoms in 2015

Martin Richmond
clock • 4 min read
HMRC repays £48.5m in overpaid pensions tax in Q3 2025

HM Revenue & Customs (HMRC) repaid £48.5m in overpaid pensions tax in the three months from July to September this year, newly published government figures show.

In its October pension schemes newsletter, published yesterday (30 October), HMRC said it had repaid £48,560,205 to savers in the period from 1 July to 30 September, which was just under the £48.7m...

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