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 £965 Monthly State Pension for Eligible Pensioners in June Friday, June 12, 2026 statepension dwp nationalinsurance pensionincrease retirement triplelock benefits ukpension contributorypension pensionage The Department for Work and Pensions (DWP) has confirmed an increase in the new full state pension to £965 per month starting in June. This updated rate applies to women born after 1953 and men born after 1951 who have … Read More
DWP Announces Gradual Rise in State Pension Age from 66 to 67 by 2028 Wednesday, June 10, 2026 pension dwp statepension retirement age labour policy government forecast abrahams The Department for Work and Pensions (DWP) has confirmed a significant revision to the state pension age, which will gradually increase from 66 to 67. This change, initiated under the Labour Party government, means that state … 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
DWP to Increase July Payments to £1,480 for State Pensioners Born Before 1951 Monday, June 8, 2026 dwp pension statepension payments retirement deferral nationalinsurance july2024 doublepayment pensionincrease The Department for Work and Pensions (DWP) will increase state pension payments to £1,480 for certain pensioners in July. This notable rise is due to the payment schedule aligning with the calendar month, resulting in some … Read More