State pensioners lose £268,275 each after Labour closes down loophole

State pensioners lose savings after Labour shuts loophole

A tax loophole change in the October Budget will affect pension savings.

Pensioners face 25% charge after little-known tax loophole closed by Labour

Pensioners planning to retire in Europe face losing 25 per cent their savings after Rachel Reeves moved the goalposts on tax.

Pensioners face 25pc tax hit in little-known raid

Retirees relocating to Europe face transfer penalties on savings under Rachel Reeves

EXPOSED: How Starmer came under fire for a £1m tax-free perk years before his raid on pensioners' savings

Keir Starmer was accused of "hypocrisy" over a tax perk he was given on his pension from a previous job.It comes as the Prime Minister plans to impose an inheritance tax on pensions. Under the current tax arrangements in the UK, pensions are generally not subject to inheritance tax. When someone passes away, their pension can typically be passed on to their beneficiaries without being taxed under inheritance tax rules. From April 2027, inherited…