Over eight million state pensioners to be hit with new HMRC tax over next three years - Birmingham Live

Steve Loftus: A national pension fund offers a Conservative solution to a looming crisis

Steve Loftus is a businessman and utility industry analyst. The financial security of future generations in the United Kingdom faces a grave threat that few politicians dare to address: our unsustainable state pension system. For decades, governments have prioritized electoral success over fiscal responsibility, creating a ticking time bomb that threatens to explode in our children’s faces. A close examination of the data reveals both the scale …

Over eight million state pensioners to be hit with new HMRC tax over next three years - Birmingham Live

8.2million people over the age of 60 will be dragged into paying income tax by 2027/28, according to analysis by HM Revenue & Customs (HMRC).

Millions of pensioners at risk as Rachel Reeves plots new £40bn tax raid

Firms could be allowed to tap into surplus pension funds to unlock capital for investment in UK businesses

Pension warning: Retirement crisis looms as millions at risk under Reeves's new £40bn tax grab

Millions of pension holders could face significant hits to their retirement funds under the Government's new policy.The controversial move, announced in January, has been described as a £40billion tax grab that could potentially impact 8.8 million people.The government argues the policy will unlock billions for investment in UK infrastructure and help revive the struggling London stock market. But pension experts are warning it may come at the c…

Saver Security Must Come First: PensionBee Responds to £40bn Pension Tax Plan

PensionBee, a leading online pension provider, has responded to reports that the Chancellor, Rachel Reeves, is planning to allow companies to access surpluses in Defined Benefit (DB) pension schemes – subject to a 25% tax charge – in a move designed to unlock up to £40 billion to support the economy. While the proposal could offer a potential source of growth capital, concerns have been raised about the implications for member security and long-…

State pensioners hit with £2,700 tax bill increase due to HMRC rule

The cost of a comfortable retirement has soared by £2,700 in just four years due to frozen income tax thresholds, according to new analysis