Key facts
- A new HMRC rule may allow some UK state pensioners to receive an annual pension boost.
- The potential boost is £720 per year.
- This change is being implemented by HMRC.
- The rule is described as 'especially attractive' ahead of potential inheritance tax changes.
A new rule from HM Revenue and Customs (HMRC) could provide a significant annual pension boost of £720 for some UK state pensioners. This development is highlighted as being 'especially attractive' in the context of potential upcoming inheritance tax changes, which may be introduced by Rachel Reeves. While the previous information detailed a £33 monthly charge for exceeding certain income limits, this new information suggests a potential benefit or adjustment that could increase pension income for eligible individuals.