HMRC Admits £5 Tax Overcharge on 8.7 Million State Pensioners Monday, June 15, 2026 hmrc pensions tax overcharge statepension pensioners calculationerror government taxation reimbursement HM Revenue and Customs (HMRC) has confirmed it overcharged nearly 8.7 million state pensioners due to a calculation error, resulting in an estimated £43.5 million in excess tax collected last year. The error inflated the … Read More
Rachel Reeves’ Salary Sacrifice Rule Change Could Cause Greater Harm Than Expected Saturday, June 13, 2026 pensions salarysacrifice nics tax reform rachelreeves retirement savings government labour Rachel Reeves, Labour Party Chancellor, faces criticism over proposed changes to salary sacrifice pension contributions, with warnings that the impact may be far more severe than initially acknowledged. The reforms set to … Read More
HMRC Revises Pension Tax Rules for Deaths After Age 75 Starting 2027 Friday, June 12, 2026 hmrc pensions inheritancetax taxation estateplanning retirement wealthtransfer taxreform pensionbenefits taxcompliance HM Revenue & Customs (HMRC) has announced significant changes to the taxation of pensions when a person dies after reaching age 75. Effective from 6 April 2027, the majority of unused pension funds and pension death … Read More
DWP Announces New Defined Benefit Pension Rules Starting April 2027 Thursday, June 11, 2026 pensions definedbenefit dwp pensionreform trustees surpluses consultation pensionfunds regulation uk The Department for Work and Pensions (DWP) has unveiled new defined benefit (DB) pension rules set to take effect from April 2027. These groundbreaking proposals aim to enable trustees to safely unlock billions of pounds held … Read More
Growing Momentum Among MPs to Reform DWP State Pension Triple Lock Tuesday, June 9, 2026 triplelock statepension dwp labour mps pensions intergenerationalfairness fiscalpolicy ukpolitics government The Department for Work and Pensions (DWP) state pension triple lock is facing mounting scrutiny, with a growing number of Labour MPs privately advocating for its gradual reform. Although the current Labour Government has … Read More
Well-Off State Pensioners Face HMRC Tax Bills Totaling £9,320 Tuesday, June 9, 2026 pensions statepension tax hmrc retirement income fiscaldrag government ajbell treasury Well-off pensioners are seeing their tax burdens rise sharply as they pay thousands more to HMRC just to maintain their lifestyles. Recent analysis by Pensions UK shows that Department for Work and Pensions (DWP) state … Read More