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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PMI says apprenticeships 'increasingly vital' to future capability of pension professionals

PMI says apprenticeships 'increasingly vital' to future capability of pension professionals

PMI’s Vanessa Jackson champions importance of apprenticeships in the sector

Jasmine Urquhart
clock 09 February 2026 • 1 min read
Buzz: Is the VfM consultation a 'masterpiece of dross' that needs to be ditched?

Buzz: Is the VfM consultation a 'masterpiece of dross' that needs to be ditched?

VfM consultation, salary sacrifice and member representation on trustee boards

Professional Pensions
clock 09 February 2026 • 1 min read
Incisive Media launches account-based advertising service for financial service sector

Incisive Media launches account-based advertising service for financial service sector

New platform combines three decades of industry data with multi-channel precision to deliver measurable pipeline growth

clock 09 February 2026 • 2 min read
Trustpilot