The latest Pension Flexibility data published by HM Revenue and Customs (HMRC) shows that nearly £57 million has been repaid to people who paid too much tax when they first accessed their pension.

HMRC is issuing letters with £3,300 refunds to UK households after they OVERPAID tax. Between the beginning of October and December 31 last year, HMRC refunded nearly £50 million to pension savers who ...