Martin Lewis 'Shocked' as Rachel Reeves Announces Key State Pension Change Thursday, November 27, 2025 pension tax statepension budget martinlewis rachelreeves finance retirement income taxreturn State pensioners relying solely on their state pension will not be required to pay tax, Martin Lewis has revealed following a conversation with Chancellor Rachel Reeves. Ahead of his budget explainer special on ITV this … Read More
State Pensioners Advised to Withdraw £100 Initially to Avoid Emergency Tax Thursday, November 27, 2025 pension tax hmrc retirement finance drawdown emergencytax withdrawal taxrefund planning State pensioners planning to start withdrawing their pensions are being advised to take a small initial withdrawal of around £100. This approach helps avoid being taxed at a higher emergency rate on their first pension … Read More
How the Autumn Budget Will Impact State Pensioners Starting April 2026 Wednesday, November 26, 2025 pension budget statepension triplelock chancellor rachelreeves inflation wages treasury retirement Starting April 2026, State Pension payments are set to increase by 4.8%, aligning with average wage growth. This announcement came as part of Chancellor Rachel Reeves’ Autumn Budget statement delivered on November 26. The … Read More
Labour Affirms Commitment to Triple Lock Ahead of Budget Announcement Tuesday, November 25, 2025 labour pensions triplelock budget retirement finance pensionsavings government workandpensions policy The Labour Party has firmly addressed recent speculation suggesting that the Triple Lock pension guarantee might be at risk in this year’s Budget. Contrary to circulating reports on November 26, Labour insists that the policy … Read More
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