State pension warning: 'HMRC issue' could see 180,000 pensioners …

Oct 23, 2024 · Pensioners have been warned they are likely to be missing out on money that is rightfully theirs due to an "HMRC issue", a former Pensions Minister has claimed. The alert …

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DWP: State Pension Warning As 400,000 Brits Face Unexpected …

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Apr 15, 2024 · The addition of these pensions to the standard state pension could see some pensioners weekly income ticker rise by a further £200, likely breaching the tax-free allowance …

yahoo.com

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State Pension Warning As 400,000 Sent Unexpected HMRC Bill

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Apr 12, 2024 · "With an 8.5 percent increase in state pension from April, pensioners receiving over £242 per week may enter the tax net. The frozen tax threshold of £12,570 heightens the …

express.co.uk

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State Pension To Reach £12,000 Next Year - But Triple Lock Could …

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Oct 23, 2024 · In 2021/22, the new state pension was equivalent to 74 per cent of the personal allowance. Today, it accounts for 95 per cent. LATEST DEVELOPMENTS: State pension …

gbnews.com

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HMRC Sends 370,000 Letters Over Major State Pension Error - The …

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1 day ago · HMRC has sent letters to 370,000 people over potential state pension errors - with people due £7,859 back on average. The issue relates to people - mainly women - who may …

mirror.co.uk

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State Pension Warning As 400,000 Brits Face Unexpected HMRC Bill

2 weeks from now

Apr 12, 2024 · The state pension increased by 8.5% this month, in line with September 2023's wage growth figures, but the latest hike could lead 400,000 people into income tax brackets

mirror.co.uk

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Bank Of England Warns Billions Of Pounds In UK Pension Pots At …

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The UK regulator has limited the use of funded reinsurance to £250m per buyout deal in order to protect savers but it said if firms were not doing enough to offset any risks it would consider a ...

msn.com

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Pensioners Face £54,000 Tax Bill From HMRC 'after Paying For Care …

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5 days ago · Pensioners face a potential £54,000 tax trap if they save extra money in their pension pots to cover future care costs. Retirees need pension savings of £340,000 to achieve …

yahoo.com

FAQs about State pension warning: 'HMRC issue' could see 180,000 pensioners … Coupon?

Could pensioners miss out on money owed by HMRC?

Tens of thousands of pensioners may miss out on money owed from HMRC following a major state pension error, a leading campaigner has warned. HMRC is in the process of tracking down more than 180,000 pensioners who may have been underpaid. ...

Are pensioners at risk of a HMRC Bill?

A warning has been issued to hundreds of thousands of pensioners across the country to expect an HMRC bill for the first time. 340,000 pensioners are at risk of a bill coming through the door from the government tax department as the Triple Lock brings a £460 hike. ...

What is the DWP & HMRC warning about a state pension cut-off?

The Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) have issued a warning ahead of a significant state pension deadline next year. The cut-off date to fill in the gaps in your National Insurance record is April 5, and both DWP and HMRC are bracing themselves for a surge in demand for their services in the run-up. ...

Is HMRC state pension a worry?

Martin Lewis issues HMRC State Pension warning and says 'it's a worry' The BBC and ITV star is urging people to make a simple check - and to do so quickly - amid the threat of a HMRC deadline looming. The BBC and ITV star is urging people to make a simple check - and to do so quickly - amid the threat of a HMRC deadline looming. ...

Could older pensioners miss out on state pension cash?

Tens of thousands of older pensioners could miss out on state pension cash after a HMRC and Department for Work and Pensions (DWP) error, an ex-pensions minister has said. ...

Will pensioners miss out on money owed by DWP?

Unless HMRC addresses this issue it is highly likely that tens of thousands of older pensioners may continue to miss out on money which is rightfully theirs.” Anyone who is affected could be owed an average of £5,000 each, with the DWP expecting to pay out more than £1billion in arrears. ...