51 results for "Pension Schemes"

Following Chancellor Rachel Reeves‘ speech announcing plans for massive 'Megafunds' to stimulate growth in the UK, questions are being asked: could this ambitious pension reform jeopardise retirement savings?

The UK government is set to launch 'pension megafunds' to drive economic growth and support local infrastructure investment. This reform will consolidate pension assets into larger funds, expected to generate…

The State Pension increase in April could leave millions of pensioners may find themselves approaching or exceeding the income tax threshold.

How does contracting out your additional state pension affect your retirement benefits, and what should you look out for?

A new type of pension scheme could help millions boost their retirement savings. The Government is looking to expand Collective Defined Contribution pensions (CDC).

Serps, or the State Earnings-Related Pension Scheme, was introduced to help workers earn additional pension income. Although it was replaced in 2016, many pensioners still receive Serps as part of…

Many State Pensioners are still suffering from the new Labour Government's unexpected change that will see Winter Fuel Payments  be delivered to only about 1.5 million pensioners this year to help plug a...

This September, state pensioners could receive a cash boost, with households that include a member on the state pension possibly qualified to receive freebies and discounts worth up to £3,262....

Almost 12.7 million people across the UK have now reached State Pension age; this number includes over 1.1 million residing in Scotland. Most retirees consider contribution-based benefits as their main...

After the Winter Fuel Payment was abolished, British Pensioners who receive the state pension have become more concerned about getting the most from the Department for Work and Pensions. This...

Pensioners who have worked for 30 years could be missing out on a  £70,000 increase. New research indicates that state pensioners are losing over  £1.2billion each year by transferring their...

Industry experts have welcomed new measures announced in the King's speech on Wednesday, aimed at helping individuals increase their pension savings. However, they note that further efforts are required.  The...

The King’s Speech today (Wednesday) outlined the Labour’s legislative priorities for the forthcoming year, including various new pension bills. Sir Keir Starmer, The Prime Minister, stated that these new measures...

UK pension holders and those with employer-contributed workplace pensions, as well as other private pension plans, have been notified of a smart tax-saving “backdate” strategy. Maximize Your Pension Tax Savings...

One of the largest unions in the country, Unite, is advocating for the reduction of the state pension age to 65 years old to guarantee "a respectable retirement for everyone."...

The Department for Work and Pensions (DWP) said it has been reviewing thousands of pensioners' bank statements following a significant increase in fraud. Pension Credit Overpayments Surge to £520 Million,...

More than one million individuals over State Pension are set to get a series of one-off payments worth nearly £370 before the end of this year by the Scottish Government...

Martin Lewis, the famous money expert, has called attention to a major issue affecting millions of workers who have not received a pay rise this year. Presently enjoying a break...

Wealthy pension savers are being cautioned that a new “catch in the small print” of lifetime allowance legislation might put them at danger of paying excessively tax on pension withdrawals....

The Department for Work and Pensions (DWP) offers a wide range of financial support schemes for older people, of which the state pension is one of the most important. However,...

Nearly half a million teachers in England and Wales could see a significant boost to their retirement income as a result of a little-known loophole. Often overlooked, this financial trick...

The cost of maintaining 'Gold-Plated' public sector pensions will be shouldered by taxpayers to the tune of an extra £2.5 billion, following the granting of one of the biggest pay...

The Department for Work and Pensions (DWP) has unveiled ambitious plans to optimize £1.4 trillion in pension schemes, aiming to enhance benefits for savers and contribute to the broader economic...

Amidst the intricacies of fund transfers, a prominent pension provider has issued a stark warning to UK pension savers. The caution emphasizes the looming potential for significant financial losses in...

The Chancellor's recent decision to abolish the pensions "lifetime allowance" marks a landmark day for British pensions. The move holds the potential to reshape the landscape of retirement savings, promising...

UK banking officials and pension fund managers have expressed concern about the potential market failure of long-term government Bond auctions, which could plunge the country into financial turmoil similar to...

Recent reports highlight that high housing prices and insecure jobs in Britain are causing UK middle class households to grapple with financial struggles in their journey to maintain decent living...

The DWP benefits can slash or even erase your council tax bill. From single discounts to full exemptions, find out if you’re eligible for significant savings that many people miss…

Major financial changes to DWP benefits are on the horizon for November, including new eligibility criteria and a potential £200 boost for families.

The DWP offers essential winter payments, including Warm Home Discounts and Cold Weather Payments, to assist those in need.

UK households could receive up to £3,225 in Cost of Living payments by Christmas, with various schemes offering vital support.

Personal Independence Payments (PIP) claimants will soon receive an additional payment in their bank accounts before the winter season.

The Department for Work and Pensions (DWP) is set to release a new White Paper this Autumn aiming to boost employment by getting more unemployed and long-term sick people back into...

The Department for Work and Pensions (DWP) has recently confirmed that Universal Credit recipients may be eligible for an extra monthly payment if there has been a delay in processing...

The Department for Work and Pensions (DWP) is planning a significant change of Personal Independent Payments (PIP), considering implementing a catalogue or voucher system to replace the standard payment schemes....

The Motability Scheme allows people receiving disability benefits to trade all or some of their weekly mobility allowance for a new car, Wheelchair Accessible Vehicle, scooter or powered wheelchair, which can...

People on Universal Credit can get up to £1,739 per month from the Department for Work and Pensions (DWP), even during the summer months. Universal Credit Childcare Support Benefits for...

It is financially demanding to have a baby in the midst of an ongoing cost-of-living crisis. Some few extra payments can make a lot of difference and new mothers can...

Very soon, a £500 payment is to be made to several households from the government’s Household Support Fund (HSF) Amid the cost of living Crisis. The funds are allocated by...

New Department for Work and Pensions (DWP)  Secretary Liz Kendall is set to reaffirm Labour’s dedication to its manifesto Back-to-work plan, emphasizing that addressing economic inactivity is crucial to the...

Personal Independence Payment (PIP) can assist people over the age of 16 and under State Pension age with the additional financial expenses for hundreds of health conditions or disabilities, which...

The most recent statistics provided by the Department for Work and Pensions (DWP) reveal that a staggering number of individuals, exceeding 6.7 million, are currently benefiting from financial assistance through...

As the cost of living rises in Britain, the government's Household Support Fund has become a lifeline for thousands of struggling households. This initiative channels financial resources to local councils,...

To strengthen its campaign against benefit fraud, the UK government announced on Monday 13 May ambitious changes, promising to extend the investigative powers of the Department for Work and Pensions...

Households could benefit financially under the current cost of living crisis from a boost from the Department for Work and Pensions (DWP) to ease the burden of energy bills. Coventry...

According to the latest Department for Work and Pensions (DWP) estimates, 218,859 people in Scotland are now receiving Personal Independence Payments (PIP) and will have their award converted to Adult...

Amid the cost of living crisis, a substantial number of people in the UK may be eligible for a range of financial support schemes and discounts facilitated by the Department...

The UK government has decided to provide a major boost to households facing rising living costs in the face of mounting financial pressures. The Household Support Fund, a collaborative initiative...

MPs have issued a warning that thousands of vulnerable people could lose their welfare payments as a result of a major Universal Credit benefit switch. Universal Credit Benefit Switch Raises...

As of today, households are set to receive the third instalment of the £299 cost of living payments, marking the completion of the three-part support package initiated in autumn 2021....