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
Pay-per-mile Car Tax Plans Revised After Labour Government Clarification Friday, November 21, 2025 roadpricing electricvehicles paypermile labour car tax government transport budget fuel duty taxation The ongoing debate over pay-per-mile car taxation has seen a significant development following comments by Transport Secretary Heidi Alexander. On Thursday, Alexander emphatically stated that there are no current proposals to … 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 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