£300 Bank Deduction for UK Pensioners Confirmed, New HMRC Rule Explained – Effective from 27 October
UK Government and HMRC have officially confirmed a new rule that will affect millions of pensioners from 27 October 2025. Under this updated measure, a £300 bank deduction will be applied to certain pension-related accounts, as part of a broader effort to streamline overpayments, prevent fraud, and adjust financial reporting systems. This has caused widespread … Read more