Tag: pension
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 …
Pensions timebomb hitting those aged 40 to 90 – check if you’re affected
There are vital steps those about to retire can take today. …
Brits saving more amid fears over new Rachel Reeves tax hikes
Rachel Reeves, has pledged “iron discipline” over public finances and warned there is “no magic money tree”. …
State pension update as millions miss out on huge £694 boost
Retirement specialist Just Group pored through recent data put out by Department for Work and Pensions , revealing that 66% of those in that age group said they didn’t known there was an option to defer taking the pension beyond the State Pension age. …
Nine million pensioners to get automatic £200 payment in time for Christmas
The payment for those born before 1959 will be automatically made later this year as part of the Winter Fuel Payment scheme – here’s everything you need to know. …
Rachel Reeves accused of new error over £425 billion pensions reform
The planned LGPS overhaul is part of a wider agenda to push British pension money into UK infrastructure and growth projects …
Full list of freebies and discounts pensioners can claim in August – worth £7,437
The range of benefits and discounts available to those claiming their pension can run into the thousands of pounds if seized upon. …
Pensioners could lose 40% of pension in huge tax change
Pensioners are set to lose 40% of their pension from 2027 due to a huge tax change brought in by Labour and Rachel Reeves. …
