Rachel Reeves confirms £33 deductions for 3 million state pensioners

NewsCost Of LivingPensionHMRC will be taking some money from over-65s08:51, 15 Jul 2026Around three million pensioners will see their payments cut under new rules.‌Cash will be diverted from pension payments and handed to HMRC.‌Over-65s will be affected if they have annual incomes above £35,000.‌READ MORE: Andy Burnham automatic £200 payments for state pensioners born before 1960Get breaking news on BirminghamLive WhatsAppThe money changes are happening because of latest qualifying rules for Winter Fuel Payments, confirmed by Chancellor Rachel Reeves.‌The threshold for keeping the winter allowance is now £35,000.Under the new system, all pensioners are initially handed the money in November.But the amount is then taken in monthly instalments by HRMC from those judged to be financially comf