New Tax Charges for State Pensioners Announced by HMRC
HMRC confirms £33 extra monthly tax charges for state pensioners
Image: Express
HM Revenue and Customs (HMRC) has confirmed that state pensioners with an income exceeding £35,000 will face additional monthly tax charges of approximately £33 to repay Winter Fuel Payments. This change will affect payments made during the 2026 to 2027 and 2027 to 2028 tax years, with automatic recovery via tax code adjustments.
- 01Pensioners receiving a typical Winter Fuel Payment of £200 will see their monthly tax increase by £17 in the 2026 to 2027 tax year and by £33 in the 2027 to 2028 tax year.
- 02Those wishing to opt out of the Winter Fuel Payment must do so by September 20, 2026, to avoid the extra tax charges.
- 03Recovery of the Winter Fuel Payments will be executed automatically through tax code changes, impacting pensioners across the UK.
- 04HMRC has started reclaiming payments for the 2025 to 2026 tax year, notifying pensioners of changes in their tax codes.
- 05Myrtle Lloyd, HMRC’s Chief Customer Officer, warns pensioners about potential scams related to the recovery of payments.
Advertisement
In-Article Ad
HM Revenue and Customs (HMRC) has announced that state pensioners in the UK with an annual income exceeding £35,000 will incur additional monthly tax charges to repay Winter Fuel Payments. Specifically, those receiving a typical payment of £200 will see their tax increase by approximately £17 in the 2026 to 2027 tax year, rising to £33 in the 2027 to 2028 tax year. The recovery will be carried out automatically through adjustments to tax codes. Pensioners who wish to avoid these extra charges must opt out of receiving the Winter Fuel Payment by completing a form or calling the helpline before specified deadlines in September 2026. HMRC has already begun reclaiming payments for the 2025 to 2026 tax year and has issued notifications to affected pensioners. The agency has also cautioned pensioners to be vigilant against scams, emphasizing that it will never request repayment or bank details via text or email. Myrtle Lloyd, HMRC’s Chief Customer Officer, advised individuals to use the official online tool for verification regarding their payments.
Advertisement
In-Article Ad
Pensioners with incomes above the threshold will see a significant increase in their monthly tax obligations, impacting their disposable income.
Advertisement
In-Article Ad
Reader Poll
Do you think the Winter Fuel Payment should be means-tested?
Connecting to poll...
More about HM Revenue and Customs
Read the original article
Visit the source for the complete story.