Thousands of pension savers urged to check if they are due tax refund as HMRC pays out £50million

HMRC has returned over £50 million in overpaid tax to more than 12,500 pension savers between April and June 2026. The average refund amount is £4,000. Consequently, thousands of pension savers are being urged to check whether they are due a tax refund on their pension withdrawals. These latest figures confirm the total amount reclaimed, prompting eligible individuals to investigate if they have overpaid tax and are entitled to a repayment from the authorities.