DWP may scrap WASPI compensation over £10.5bn cost
The DWP is reconsidering WASPI compensation after new evidence emerged, with potential payouts reaching £10.5 billion for 3.5 million women affected by state pension age changes.
Category : Search result: pension lump sum tax
£440 Bonus Confirmed for Pre-1951 State Pensioners
Millions of UK pensioners on the basic state pension will see a £440 income boost from April 2026, thanks to the triple lock. Discover how this affects you.
Petition: Scrap Basic State Pension for New Rate
A parliamentary petition urges the DWP to abolish the Basic State Pension and pay the higher New State Pension rate to all pensioners, bridging a £53.80 weekly gap.
Reeves Abandons Income Tax Rise, Plans 8 New Measures
Chancellor Rachel Reeves has U-turned on income tax rises but is planning eight alternative tax changes affecting pensions, ISAs, fuel and property. Discover the full Autumn Budget impact.
DWP's 'unfair' state pension approach criticised
The DWP's one-size-fits-all state pension age of 66 is creating a £165,000 payment gap between UK regions. Experts call for a revamp. Discover the impact on your area.
Pension Tax Relief Spared in Autumn Budget
Chancellor Rachel Reeves confirms tax-free pension entitlements will be protected in the Autumn Budget after a 20,000-strong petition. Discover the full story and what it means for you.
Pre-1953 pensioners get £184 weekly under Triple Lock
Thousands of state pensioners born before 1953 will see weekly payments rise to £184.90 in 2026 under DWP Triple Lock. Find out how this affects your pension.
HMRC reviews 23,500 suspended child benefit payments
HMRC has apologised and launched an urgent review after incorrectly suspending child benefit for thousands. The tax office vows to update its anti-fraud process. Read the latest.
Reeves Rules Out Pension Tax Change in Autumn Budget
Chancellor Rachel Reeves confirms the tax-free pension lump sum limit will not be cut in the November 26 Budget, offering relief to millions. Discover the alternative pension tax changes planned.
State Pensioners Face 63% Tax Demand from HMRC
HMRC letters demand 63% tax from pensioners as Labour's 2p tax hike for high earners breaks election pledge. Autumn Budget set for November 26.
Reeves' 3p Per Mile Holiday Tax Plan for Drivers
Chancellor Rachel Reeves eyes a 'pay-per-mile' tax hitting UK drivers heading to France. Critics slam the 'crazy' double cost. Find out how it affects your travel.
HMRC's tax warning for UK pension withdrawals
HMRC could issue hefty tax charges for pension lump sums withdrawn before the Autumn Budget. Experts warn against rash financial decisions that risk long-term security.
HMRC slashing state pensions by up to £3,300
Exclusive investigation reveals how HMRC is deducting thousands from state pension payments to recover historic tax debts, leaving retirees facing financial uncertainty. Learn who's at risk and what you can do.
1 Million Pensioners Face Unexpected Tax Bills
Exclusive investigation reveals how frozen tax thresholds are dragging more pensioners into the tax net despite modest state pension increases.
Over-80s Pension Boost: How to Claim Extra £101 Weekly
Discover how thousands of Britons over 80 could be missing out on extra state pension payments worth over £100 weekly. Our guide explains eligibility and the simple claims process.
HMRC Tax Crackdown: What Online Sellers Must Know
UK online sellers face new tax reporting requirements as HMRC launches digital platform crackdown. Learn how the trading allowance changes could affect your side hustle.
DWP: State Pension Payments Could Stop for Thousands
The Department for Work and Pensions has issued an urgent warning to two specific groups of state pension recipients who risk having their payments stopped completely if they fail to act.
State pensioners face tax demands after payment rise
Exclusive: Nearly 9 million state pensioners could be pushed into tax territory following April's 8.5% increase, with HMRC poised to collect billions.
WASPI Compensation: Major Breakthrough for Millions
A crucial development emerges in the long-running WASPI campaign as compensation talks accelerate, offering hope to 3.8 million women affected by state pension age changes.
State pensioners face 'grossly unfair' tax demands
Exclusive investigation reveals how frozen tax thresholds are forcing state pensioners to pay income tax for the first time, creating financial hardship despite government promises.
State pension error: Thousands £300 poorer after DWP blunder
Exclusive: Major DWP blunder leaves state pensioners facing unexpected financial shortfall as payments drop by £300. Full details on who's affected and what to do.
HMRC's marriage tax trap costs couples thousands
Millions of married couples across the UK risk unexpected tax bills as HMRC launches fresh compliance checks on Marriage Allowance claims. Discover if you're affected and how to protect your finances.
State Pension: £456 Annual Rise Coming in 2025
Millions of state pensioners across the UK are set for a significant income increase next year as the triple lock mechanism promises another substantial rise. Discover how this will affect your payments.
DWP Breaks Silence on State Pension Changes
The Department for Work and Pensions has confirmed significant changes to state pension payments that could affect millions of retirees across the UK. Discover what this means for your finances.
State Pension Shake-Up: Automatic Payments Coming
A major DWP reform means millions approaching state pension age will receive payments automatically - no complex forms or lengthy waits required.
HMRC deducts £1000+ from state pensioners
Exclusive investigation reveals HMRC is deducting substantial sums from state pension payments to recover historical tax debts, leaving retirees facing financial hardship.
HMRC investigates 13,000 self-employed in tax crackdown
Thousands of self-employed Britons face HMRC investigations as the tax authority ramps up compliance checks amid cost of living pressures. Discover what's triggering these probes and how to protect yourself.
Unlock Thousands More From Your Pension
Millions of UK pensioners could boost their retirement income by thousands through little-known tax-free pension rules. Discover how to maximise your pension pot legally.
DWP State Pension Age Changes: What You Need to Know
Exclusive analysis reveals how upcoming DWP state pension age reforms could impact millions of Britons' retirement plans and financial futures.
State Pension Age Could Rise to 70 Sooner Than Expected
Exclusive analysis reveals government plans to accelerate state pension age increases, potentially forcing millions of Britons to work years longer than expected amid growing retirement uncertainty.
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