HMRC Confirms £300 Tax Recovery Rule From February 2026: What Retirees Must Know
HM Revenue and Customs (HMRC) has confirmed that from 18 February 2026, a structured recovery process may apply to pensioners who have underpaid tax, with balances of up to £300 potentially collected through managed deductions. This is not a new universal charge and does not apply to all retirees. The measure is linked to correcting … Read more