28 November 2025
HM Revenue and Customs (HMRC) has published November’s edition of the pension scheme newsletter - 175. Giving a summary of all pension related announcements from the Budget 25.
Including updates on the following areas:
- Collective money purchase schemes
- Defined benefits surplus payments
- Inheritance Tax on pensions
- Changes to tax rates for property, savings and dividend income
- Salary sacrifice reform for pensions contributions
- Speculation about budget changes
- Checking your pension protections and enhancements service
- Reporting a transfer to a qualifying recognised overseas pension scheme (QROPS)
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