Pensions

State pension alert: UK net migration update exposes 'double hit' to retirement system

Net migration fell to around 171,000 in 2025, but economists warn the state pension is at risk if these figures follow the current trajectory

HMRC confirms state pensioners earning over £35,000 face clawback through higher tax bills

State pensioners affected by the clawback scheme face monthly tax deductions during the 2026-27 financial year

Pension savers born in these years urged to act or risk being locked out of retirement funds

The age at which most people can access their defined contribution pension is set to increase

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