UK Govt Confirms £420 Pension Deduction Rule Starting 12th November 2025
Table of Contents What Is the New £420 Pension Deduction Rule? Starting on 12th November 2025, HM Revenue and Customs (HMRC) will implement an automatic £420 deduction from the pension payments of select UK pensioners. This deduction is part of a tax reconciliation process to recover amounts previously overpaid or unpaid in pension taxes. Why Has HMRC Introduced … Read more