£300 bank deduction

HMRC Announces £300 Bank Deduction for UK Pensioners – New Rule Effective from 23 October

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HMRC Announces £300 Bank Deduction for UK Pensioners – New Rule Effective from 23 October

The HMRC has officially confirmed a new update that will affect thousands of pensioners across the UK from 23 October. A £300 bank deduction is set to be automatically applied for eligible individuals, and this has sparked confusion and concern among retirees who rely on fixed income. Many pensioners woke up to this announcement with … Read more

£300 Bank Deduction for UK Pensioners Confirmed, New HMRC Rule Explained – Effective from 20 October

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£300 Bank Deduction for UK Pensioners Confirmed, New HMRC Rule Explained – Effective from 20 October

A new financial change has been confirmed for UK pensioners, and it has sparked serious concern across the country. HMRC has officially issued guidance stating that a £300 bank deduction will apply to eligible pensioners from 20 October, and this has left many wondering whether their State Pension payments will be reduced automatically by banks. … Read more