HMRC could owe you £3,800 if you have taken money out of your pension

The tax body has issued £48.7 million in refunds between April 1 to June 30 for overpaid tax on pension withdrawals

Pensioners could be owed as much as £3,800 in tax refunds. If you have accessed a lump sum of your pension, it is possible you could have overpaid in tax.

Figures from HM Revenue and Customs (HMRC) reveal the tax authority handed back £48.7 million in refunds between April 1 and June 30 for pension withdrawal overpayments. Retirement specialist Helen Morrissey said the data suggests approximately 13,000 refund applications were dealt with during this period, with the typical refund amounting to roughly £3,800.

According to the Daily Record , Ms Morrissey highlighted that people taking a lump sum from their pension for the first time can face excessive taxation. The prima