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
DWP May Allow Certain State Pensioners to Access Payments Up to Three Years Early Sunday, November 16, 2025 pension statepension dwp retirement aegon pensionage lifespan finance pensionpolicy earlyaccess Chancellor Rachel Reeves has been urged to consider allowing workers to claim their Department for Work and Pensions (DWP) state pension up to three years earlier than the standard pension age, with the trade-off of receiving … 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
State Pension for Pre-1953 Born Women to Increase Nearly 5%, Resulting in £184 Weekly Payment Wednesday, November 12, 2025 pension dwp triplelock inflation statepension retirement taxation earnings hargreaveslansdown pensioners Older state pensioners, specifically women born before 1953, are set to receive a significant boost in their Basic State Pension payments thanks to the Department for Work and Pensions (DWP) Triple Lock policy. This increase … Read More
DWP to Raise New State Pension by 4.8% Under Labour's Triple Lock Commitment Tuesday, November 11, 2025 pension statepension dwp triplelock labour retirement income taxation inflation finance The Department for Work and Pensions (DWP) is poised to increase payments for new state pensioners by 4.8%, adhering to the Triple Lock guarantee under the Labour government. This rise means those receiving the full new state … 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