HMRC Officially Issues New Rule – £420 Bank Deduction for Pensioners from 27 October
UK’s HM Revenue and Customs (HMRC) has officially confirmed a new rule that could directly impact thousands of pensioners across the country. Starting 27 October 2025, a £420 automatic bank deduction will be applied to specific pension-related accounts. This announcement has caused confusion and concern among older citizens, especially those relying on fixed incomes and … Read more