HMRC Income Tax Hike Could Cost Workers Up to £250 Annually Sunday, November 16, 2025 income-tax hmrc autumn-budget rachel-reeves taxation salary-sacrifice pensions personal-finance national-insurance uk-economy Labour Party Chancellor Rachel Reeves is considering a rise in income tax in the forthcoming Autumn Budget, a move that could see many workers facing increased tax bills of several hundred pounds. Despite assurances to … Read More
UK Households Advised to Gift Money to Children Before HMRC Pension Tax Changes Sunday, November 16, 2025 inheritance gifts pensions taxation hmrc wealth families financialplanning taxfree estates As the UK government prepares to include pensions in the inheritance tax (IHT) net starting in 2027, families are seeking effective ways to protect their assets. One strategy gaining attention is gifting money to children or … Read More
Thousands of Private Sector Workers Earning Over £40,000 Face £20,101 Pension Loss Friday, November 14, 2025 pensions salarysacrifice private sector rachelreeves retirement savings taxation employers complexity pensionloss Proposals to limit the amount employees can divert to pensions via salary sacrifice schemes could see thousands of private sector workers losing tens of thousands of pounds in retirement savings. Under current rules, workers … Read More
WASPI Warned: Not All Women Will Receive £2,950 Payout from DWP and Labour Thursday, November 13, 2025 waspi pensions dwp labour compensation statepension payout government reform women Women against State Pension Inequality (WASPI) have been cautioned that “not all women” will receive compensation from the Labour government and the Department for Work and Pensions (DWP). This comes amid the UK … Read More
HMRC Warns UK Households Against Early Pension Cash Withdrawals Amid Budget Speculation Tuesday, November 11, 2025 hmrc pensions tax lumpsum retirement finance taxcharge budget inheritance investments HMRC is signaling potential penalties for UK households considering withdrawing their tax-free pension lump sum ahead of the upcoming Labour Party Autumn Budget in two weeks. Currently, most people can withdraw up to 25% of … Read More
Millions of Women May Need to Work Until 86 to Match Men’s Pension Wealth Friday, November 7, 2025 pensions retirement gendergap underpensioned statepension inequality employment singlemothers uk economicchallenge A new study reveals a stark reality for millions of female state pensioners in the UK: many may have to work until they are 86 to achieve pension wealth comparable to men. According to data from the Department for Work and … Read More