£420 Bank Deduction for UK Pensioners Confirmed – New HMRC Rule From February Explained

£420 Bank Deduction for UK Pensioners Confirmed – New HMRC Rule From February Explained

Reports of a £420 bank deduction affecting UK pensioners have understandably caused concern. When headlines mention automatic deductions and new rules from February, it can sound alarming — especially for those living on a fixed retirement income. So what is actually happening? Is this a new charge? Who is affected? And does every pensioner need … Read more