READ MORE Monzo makes change to buy now, pay later for 13 million customers<\/a><\/p>\n“From November, the payment will continue to go automatically to people aged 66 and over to help with heating costs. What’s changed is the introduction of a new income cap.<\/p>\n
“Those earning more than \u00a335,000 a year will no longer qualify.<\/p>\n
“Rather than withholding payments upfront, the government will pay everyone first and then recover the money from those over the threshold through the tax system.<\/p>\n
“Around 2 million people are expected to be affected, and the average amount to be repaid will be up to \u00a3300.”<\/p>\n
There are two ways in which the money will be reclaimed: either Pay As You Earn (PAYE) \u2013 where the sum is deducted monthly from your salary or pension income – or Self Assessment \u2013 for those who file tax returns, the amount will be added to the following year’s tax bill.<\/p>\n
A spokesperson for HMRC told BBC Morning Live: “For PAYE customers, for a typical payment of \u00a3200, we’ll deduct approximately \u00a317 per month. In the 2027 to 2028 tax year, we’ll deduct approximately \u00a333 per month for a typical payment of \u00a3200.<\/p>\n
“This is because we’ll be collecting payments from 2026 and 2027. It will then return to approximately \u00a317 per month for the 2028 to 2029 tax year.<\/p>\n
“If you are confident that you will breach the \u00a335,000 income threshold then you have the option to opt out of receiving the 2026 Winter Fuel Payment.<\/p>\n
“Details of how to opt out can be found at gov.uk or mygov.scot from April 1st 2026. You’ll also be able to do this by phone or by post.”<\/p>\n","protected":false},"excerpt":{"rendered":"Journalist Dan Whitworth has warned the taxman is poised to deduct \u00a3600 from state pensionersHMRC to start deducting…\n","protected":false},"author":2,"featured_media":273091,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,28922,131,132],"class_list":{"0":"post-273090","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-finance","12":"tag-hmrc","13":"tag-personal-finance","14":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/273090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=273090"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/273090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/273091"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=273090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=273090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=273090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"HMRC](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/11\/0_cashpoint.jpg\")
HMRC to start deducting \u00a333 a month from millions of state pensioners<\/p>\n