IFS: Means-testing PIP could save £8.2bn

The Institute for Fiscal Studies recommends the DWP consider means-testing PIP, potentially saving £8.2 billion, though it notes behavioural responses would reduce the actual saving.

HMRC penalties for 154,000 households after cash rule

HMRC data shows 154,100 people faced penalties for unauthorised Lifetime ISA withdrawals in 2025-26, while only 99,750 used it to buy a first home. Quilter's Rachael Griffin says the product is 'not fit for purpose'.

Pension rule boosting pots by thousands

Compound investment growth can deliver around £65,000 of a £100,000 pension pot, according to Standard Life. Starting early and avoiding the default fund could boost retirement savings further.

HMRC warning: 5.6m overpaid £3.5bn in tax

Millions of workers overpaid £3.5bn in income tax last year, averaging £689 each. HMRC is not obliged to refund automatically—check your payslip and tax code now.

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