£300 Bank Deduction for UK Pensioners Confirmed, New HMRC Rule Explained
HM Revenue and Customs (HMRC) has confirmed a major change to pension taxation: from September 2025, some UK pensioners will see a £300 automatic deduction directly from their bank accounts. The change, designed to streamline compliance and recover overpayments, has triggered concerns among retirees about unexpected cuts to their monthly income. This in-depth guide explains … Read more