£420 Bank Deduction for UK Pensioners Confirmed – New HMRC Rule Starts 6 October
HMRC has recently confirmed that a new rule affecting pensioners will come into effect on 6 October 2025. This rule could see some pensioners experiencing a deduction of £420 directly from their bank accounts. Naturally, this has raised concerns among many older citizens across the UK. Understanding why this deduction is happening, who it affects, … Read more