HMRC warns over 55% tax on early pension access
HMRC warns UK households that accessing pensions early, even for 'trivial sums' over £30,000, is tax avoidance. You could face a 55% charge. Read the official advice now.
Category : Search result: pension tax
Pension rule costing families £720 a year
Millions of UK families miss out on a 25% pension top-up during parental leave. Experts urge action to close the 'Parenthood Pension Gap'. Check your eligibility now.
Pensioners over 80 get 25p weekly age top-up
State pensioners aged 80+ receive a 25p weekly 'age addition', unchanged since 1971. Critics call it 'insulting' as its value has plummeted. Discover the future of this payment.
State pension tax plans 'rushed and incoherent'
Chancellor Rachel Reeves pledges no tax on state pension alone, but experts warn new DWP rules are 'rushed', creating unfairness and penalising those who saved.
HMRC's 2026 tax crackdown: New powers & whistleblower scheme
HMRC is launching an aggressive new crackdown on historic tax avoidance from 2026, with new powers, a US-style whistleblower reward scheme, and a surge in criminal investigations. Experts warn of risks.
HMRC uses AI to target tax evasion and fraud
HMRC is turning to artificial intelligence to tackle a £700m tax gap and improve compliance. The technology will identify risks faster but human caseworkers will make final decisions. Read the latest.
HMRC tax refund guidance after wrong address error
HMRC has issued clear guidance on tax refunds after a cheque was sent to an old address. Learn the steps to correct the error and the helpline number to call.
Pensioners warned over tax threshold freeze extension
Chancellor Rachel Reeves extends tax threshold freeze to 2031, dragging more pensioners into tax. Experts warn of unfairness and hardship for those on low incomes. Read the full analysis.
State pensioners face £800 tax bills from HMRC
Thousands of retirees relying on state pension top-ups are being sent tax demands of around £800, falling outside Labour's new exemption. Discover the impact of frozen thresholds.
Pensioners face tax hit as thresholds frozen under Labour
Chancellor Rachel Reeves's Budget reforms, with frozen income tax thresholds, are set to push retirees with modest savings into paying tax. Experts warn of fiscal drag and inheritance tax implications.
Stealth tax rule leaves UK households £1,142 worse off
A frozen HMRC trading allowance is eroding the tax-free earnings of UK side hustlers on Vinted, eBay & Airbnb. See how inflation impacts your income.
Reeves' frozen tax bands to hit pensioners with private pots
Chancellor Rachel Reeves faces criticism as frozen tax thresholds will push state pensioners with small private savings into paying income tax from 2027. Experts warn of financial strain.
Pensioners face 24-day wait for payments until January
Pension savers initiating transfers in December face a 24-day wait, with funds not moving until January. Experts warn of 'real frustration' and call for urgent industry reforms.
New State Pension Age Dates for Those Born After 1959
The UK state pension age will start rising from 2026, impacting millions. Find out the exact dates you can claim under the new rules and how it affects your retirement plans.
Labour's 'Two-Tier' Pension Tax Sparks Outrage
Chancellor Rachel Reeves freezes income tax thresholds for 3 years, creating a 'two-tier' pension tax system. Critics warn it penalises savers. Read the full analysis.
Over-80s can claim extra £422 monthly from DWP
Pensioners aged 80+ receiving a low basic State Pension may qualify for a monthly top-up of up to £422.80 from the DWP. Check your eligibility now.
Older state pensioners get £440 boost from triple lock
Pensioners on the old basic state pension will see a £440 annual rise from April 2026, while those on the new system get £575. Find out if you're eligible and how the triple lock works.
Older pensioners to get £440 extra in 2026 state pension rise
Pensioners born before 1951 will see a £440 annual increase from April 2026 under the triple lock. Discover how the two-tier system affects payments and the future of the policy.
State pension age rising to 67 from 2026
Major changes to the UK state pension age will start in 2026, affecting millions. Find out if you'll have to work longer and how to plan your finances.
New Pay-Per-Mile Car Tax Announced for EV Drivers
UK drivers of electric and plug-in hybrid cars will face a new pay-per-mile tax from April 2028. Find out the rates and how it could affect your motoring costs.
State pensioners to receive £575 extra next year
Millions of UK pensioners will see their state pension rise by £575 next year due to the triple lock. Find out how this above-inflation increase affects you and the debate it sparks.
Pensioners urged to claim £13,620 in lost savings
Experts warn UK state pensioners to act now to trace lost pension pots and unclaimed bonds worth thousands. Five key steps to safeguard your finances revealed.
HMRC Sends New Tax Codes to UK Households
HMRC is issuing revised tax codes midway through the 2025/26 tax year, impacting savers. Check your code now to avoid over or underpaying tax on your savings interest.
Petition for £20k Tax Allowance Hits 30k Signatures
A public petition urging the government to raise the personal tax allowance to £20,000 has passed 30,000 signatures, piling pressure on Labour. Find out what happens next.
Claim a £3,539 HMRC Pension Tax Refund Now
Thousands overpay tax on pension withdrawals due to emergency codes. Learn how to check your status and claim your refund from HMRC ahead of the festive season.
Pensioners face tax on state pension as Triple Lock rises
UK state pensioners with small private incomes face HMRC tax demands. The Triple Lock pushes pensions close to the frozen tax-free allowance, creating a political dilemma. Read the key facts.
Over 80s get £422 monthly pension boost from DWP
Eligible pensioners aged 80+ can claim an extra £422.80 per month to top up low state pension payments. Learn about the DWP's Over 80 Pension, eligibility, and how to claim.
Two-digit tax code could mean £3,539 HMRC refund
State pensioners with a two-digit 'M1' tax code may be owed thousands in emergency tax refunds from HMRC. Learn how to check your code and claim back an average of £3,539.
Reeves' stealth tax warning for earners over £40,000
Chancellor Rachel Reeves confirms frozen tax bands, dragging millions into higher rates. Discover how fiscal drag impacts your income and pension. Sign up for our money-saving newsletter.
HMRC's mandatory tax adviser register starts May 2026
HMRC will launch a mandatory register for all tax advisers in May 2026. Learn about the new rules, penalties, and the £36m investment to modernise services.
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