HMRC Officially Sends New Savings Notices to Pensioners With £5,000+ – Full Rules & Eligibility Explained
Many UK pensioners have recently reported receiving official letters about their savings. The notices, issued by HM Revenue and Customs, reference savings balances of £5,000 or more and explain how interest may affect tax responsibilities. Unsurprisingly, this has caused concern. Some pensioners fear a new charge. Others worry their savings could affect benefits. In reality, the … Read more