HMRC Repays Over £1.5bn to Pensioners Overtaxed on Withdrawals Sunday, November 23, 2025 hmrc pensions taxation retirement overtaxation withdrawals pensionfreedom statepension personalallowance pensionpolicy Since the introduction of the Pension Freedom rules, HMRC has refunded more than £1.5 billion to pensioners who were overtaxed when accessing their own savings. This overtaxation error has affected tens of thousands of … Read More
DWP Offers UK Households Up to £475 in Winter Support Payments Saturday, November 22, 2025 dwp winterfuelpayment pensions warmhomediscount coldweatherpayment energybills wintersupport ukbenefits pensioncredit winterheatingpayment The Department for Work and Pensions (DWP) is providing UK households with up to £475 in support payments to help them through the winter months. These measures include a combination of benefits designed to assist pensioners … Read More
26 Million State Pensioners Face Crisis if Government Scraps Triple Lock Friday, November 21, 2025 pensions statepension retirement triplelock savings government budget chancellor webb under-saving A looming crisis threatens 26 million state pensioners as the government considers scrapping the decades-old state pension triple lock. Sir Steve Webb, former Pensions Minister and current partner at pension consultants LCP, … Read More
State Pensioners Could Face an Astonishing 87% Tax Bill Under New HMRC Rules Thursday, November 20, 2025 pensions taxation inheritance estateplanning pensionfreedoms hmrc iht residenceallowance retirement wealthmanagement From April 2027, some state pensioners may find themselves hit with an inheritance tax bill as high as 87% on their pension savings. This stark change is due to the Labour government’s intention to close a tax loophole … Read More
State Pension Triple Lock May Be Replaced to Prioritise Younger Generations, Say Experts Wednesday, November 19, 2025 pensions triplelock youth pensioners publicfinances taxation intergenerational budget socialpolicy government State pensioners could face changes to the long-standing Triple Lock system, with experts urging a shift in focus to support younger generations. The Intergenerational Foundation has outlined three potential reforms to the … Read More
HMRC Targets Low Earners with £992 Stealth Tax Increase Amid Personal Allowance Freeze Tuesday, November 18, 2025 hmrc tax personalallowance savings inflation incometax lowincome finance stealthtax pensions HM Revenue & Customs (HMRC) is poised to send letters to UK households demanding an additional £992 in taxes, delivering a harsh blow to low-income families. This unexpected burden stems from a little-known tax change … Read More