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
State pensioners face £2,500 tax hikes under Rachel Reeves’ proposed changes Sunday, November 23, 2025 pensioners tax labour chancellor reeves income fiscal retirement manifesto taxes Wealthy pensioners in the UK could face an average tax increase of £2,500 if Chancellor Rachel Reeves goes ahead with proposed income tax rises, data reveals. Ms Reeves has not ruled out tax hikes in the upcoming budget, … Read More
26 Million State Pensioners Face Crisis if Government Scraps Triple Lock Friday, November 21, 2025 pensions statepension retirement triplelock savings government budget chancellor webb under-saving A looming crisis threatens 26 million state pensioners as the government considers scrapping the decades-old state pension triple lock. Sir Steve Webb, former Pensions Minister and current partner at pension consultants LCP, … Read More
HMRC Warns Retirees About Claiming Carer's Allowance Alongside State Pension Thursday, November 20, 2025 hmrc carersallowance statepension dwp retirement benefits taxcodes pensioncredit socialcare ukgovernment HM Revenue and Customs (HMRC) has issued an important warning to retirees regarding the simultaneous claiming of the state pension and Carer’s Allowance from the Department for Work and Pensions (DWP). This alert came … 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
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