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flag UK tax office repays £48.7 million to overcharged pensioners, amid calls for a simpler system.

flag HM Revenue and Customs (HMRC) in the UK has repaid £48.7 million to individuals overcharged on pension taxes over three months. flag This follows a high number of claims since the Pension Freedoms were introduced in 2015, with over half a million claims totaling nearly £1.5 billion. flag Critics, including former pensions minister Steve Webb, call for a simpler system to avoid overpayments.

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