HMRC Introduces £300 Pension Deduction – Key Changes for UK Pensioners in Effect Now
New HMRC £300 Pension Deduction Rule from This Month — What Every UK Pensioner Must Know Introduction Recent online reports have sparked concern among UK pensioners: a claim that from October 2025, HMRC will start deducting £300 directly from the bank accounts of certain pensioners. The purported reason is to correct overpayments, reconcile tax liabilities, and align pension payments with updated tax data. Because the news comes from various secondary sources and has not yet been confirmed by official government …