HMRC Announces £300 Bank Deduction for UK Pensioners – New Rule Effective from 11 Nov
The HM Revenue & Customs (HMRC) has confirmed a new deduction measure affecting some UK pensioners. From 11 November 2025, certain pensioners may see £300 automatically deducted from their bank accounts. This move is part of HMRC’s enhanced efforts to recover tax and pension-income discrepancies, and to streamline the collection process for under-paid tax or … Read more
