HMRC Announces £420 Bank Deduction for UK Pensioners – New Rule Effective From November
Starting in November 2025, HM Revenue & Customs (HMRC) will introduce a new policy allowing the direct deduction of up to £420 from the bank accounts of certain UK pensioners. The move is part of a wider initiative to recover underpaid taxes and correct pension-related discrepancies that have accumulated over recent tax years. Purpose of … Read more
