HMRC Announces £500 Bank Deduction for UK Pensioners – New Rule Effective from 27 October
The HM Revenue and Customs (HMRC) has officially confirmed a new deduction rule that will directly impact millions of UK pensioners. Starting from 27 October 2025, some pensioners may notice a £500 adjustment or deduction in their bank accounts. The change comes as part of the government’s broader financial review aimed at tightening tax compliance … Read more