Tag: pension
Reeves horror as retirees pull billions out of pension pots over tax raid
A total of 672,000 pensioners took a record £5bn out of their retirement pots in the first three months of this year, figures show. …
State pensioners already paying HMRC tax on state pension due to little-known ‘97 rule’
EXCLUSIVE: State pensioners will have to start paying tax soon, say reports. But many already do – even if they have no other income – due to the ’97 rule’. …
‘State pension is about more than money and I’m living proof of it’
Siobhan Daniels has shared her joy of becoming an OAP. She thinks the state pension is important in more ways than one, and she’s living proof of it. …
People with these dates of birth hit with pension age rise in 2026
The state pension age could increase further, but the next rise is less than a year away, and people born in these birth dates are set to miss out in 2026. …
Labour leaves pensioners £806 worse off after just 1 year in power
Pensioners are having to cope with higher bills, with the state pension increase outstripped, research suggests. …
The surprising country in Europe that’s been ranked world’s ‘best’ for retirement
Life insurance experts, Everly Life, analysed 137 countries across six key factors to determine the world’s most retirement-friendly destinations …
Warning families face new Rachel Reeves ‘death tax bombshell’ that is ‘tip of the iceberg’
Figures show the Treasury raked in £7.5billion from inheritance tax in the most recent financial year …
HMRC refunding millions to pensioners as some more at risk of overpaying tax
Thousands of refunds have now been made to people who overpaid tax on their pension, receiving an average of £3,800 per person. …
Outcry as more than half a million savers still hit by pension tax overcharging
Figures released by HM Revenue and Customs reveal that £48.7 million in overpaid pension tax was refunded in just the last three months alone …
UK homes take action ‘not seen for two years’ amid Rachel Reeves tax rise fears
More people are saving amid serious worries about potential tax rises looming …
