HMRC Announces £300 Bank Deduction for UK Pensioners – Officially New Rule Effective from 24 October

HMRC Announces £300 Bank Deduction for UK Pensioners – Officially New Rule Effective from 24 October

UK Government has confirmed a new update that could impact millions of pensioners across the country. HM Revenue and Customs (HMRC) has announced a £300 bank deduction rule set to take effect from 24 October 2025. This change is part of an effort to streamline payments, tackle overpayments, and ensure fair use of public funds. … Read more