HMRC £420 Bank Deduction

UK’s pension community has been left alarmed after HMRC officially confirmed a new rule involving a £420 deduction from pensioners’ bank accounts. This update, effective from 27 October 2025, has raised serious questions among retirees who depend on their monthly pension payments to cover essential costs like bills, groceries, and rent. Financial experts are urging … Read more

UK Government and HMRC have confirmed a new financial rule that could directly affect thousands of pensioners across the country. Starting 27 October 2025, a £420 deduction will begin to appear in the accounts of certain pensioners — part of a wider reform in how overpaid benefits and tax adjustments are handled for retirees. This … Read more