140 results for "pension"

Many elderly Scottish households can anticipate receiving a series of one-off payments, totalling up to £367 per home, as winter approaches. Offered by the Scottish Government and the Department for...

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 Chancellor of the Exchequer, Jeremy Hunt, has stated that he can “rule out” raising the State Pension age in order to support the UK Government's proposal to abolish National...

Amidst the renewal season for tax credits, HMRC has issued a crucial warning to 730,000 claimants. Those receiving Working Tax Credit and or Child Tax Credit will start receiving renewal...

The Department for Work and Pensions (DWP) and HM Revenue & Customs (HMRC) are rolling out a long-awaited online service to simplify the process of topping up National Insurance Contributions...

Scotland is about to implement a new Disability Benefit Scheme, the Pension Age Disability Payment, for people of State Pension age with a disability or long-term condition. This new payment...

The Department for Work and Pensions (DWP) has confirmed that women affected by state pension underpayments are now falling into back payments averaging around £5,000. These arrears arise from the...

Following an incorrect amount of tax being charged on pension income, HMRC has refunded more than £42 million in pension tax overpayment refunds in the first quarter of 2024. HMRC...

A Member of Parliament has drawn attention to a problem involving a substantial number of divorced individuals who may have been overlooked in the DWP's State Pension benefit calculation, potentially...

Ministers have been advised that private sector workers and businesses must contribute more to their pensions to avoid a retirement crisis. Urgent Reforms Needed to Bolster Pension Contributions According to...

The former head of the civil service believes that public sector pensions should be reduced to help fund pay increases.  Public Sector Pension Concerns Exacerbated by Workplace Morale Crisis Lord...

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,...

Approximately two million people in the United Kingdom suffer from impaired vision or a degenerative eye condition. More than 59,267 working-age persons under 65 receive additional financial assistance through Personal...

The Department for Work and Pensions (DWP) has issued a warning to State Pension claimants to collect £1,319 per month. Over 1.5 million older people receiving Attendance Allowance are expected to...

Workers are being urged to verify their State Pension contributions and seize the chance to refill any missing payments before a deadline. People who failed to update their contributions have...

Alan Brown, an SNP MP, has asked the UK government to "do the right thing" and the Labour Party "to commit" to his State Pension Age (Compensation) Bill "if they...

The British Treasury has recently made a key announcement that will bring relief to many people, particularly women aged between 60 and 70. HM Revenue and Customs (HMRC) started reaching...

The Department for Work and Pensions (DWP) has set out to provide financial relief to senior citizens who are facing an escalating cost of living. The scheme, which is aimed...

According to the most recent Department for Work and Pensions (DWP) estimates, 3.5 million persons in the UK were claiming Personal Independence Payment (PIP) as of the end of January...

Pension funds are anticipating a penalty worth tens of billions of pounds as levelling up secretary Michael Gove attempts to save his dream of reshaping the centuries-old property leasehold system...

DWP Attendance Allowance (AA) is a significant financial benefit for people over State Pension age. In particular, it benefits those with health problems such as arthritis and back pain, which...

According to current statistics, approximately one million households in the UK could lose up to £6,500 in state pension due to a simple oversight in claiming child benefit. Shockingly, child...

In accordance with the government's commitment to the Triple Guarantee, April's increase in the state pension should provide people aged 65 and over with a boost to their income. New...

More than a million British households are missing an opportunity to claim the £65 weekly payment, reveals the Department for Work and Pensions (DWP). Older pensioners may be under the...

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...

Millions of carers in the UK are not receiving the support they need through programs such as carer's credit or carer's allowance. Looking after another person for at minimum of...

According to the Institute for Fiscal Studies, more than half a million of UK pensioners will face paying income tax for the first time this week. Tax Burden on UK...

The Department for Work and Pensions (DWP) has announced uplifting news for benefit claimants amid escalating financial burdens. From 1st April, those receiving both Universal Credit and the State Pension...

The UK's Department for Work and Pensions (DWP) recently completed a major review of the Personal Independence Payments (PIP) system, which offers financial support to people with health conditions or...

It is commonly believed that the British government, a body elected by the people, mostly by its pensioners, always has their interests at heart. However, this perception is not entirely...

UK pensioners are strongly urged to claim their Winter Fuel Payment from the Department for Work and Pensions (DWP) as time is running out. The payment can be worth up...

The Department for Work and Pensions (DWP) is poised to implement a significant increase in state pension rates. UK pensioners are set to receive a substantial increase in state pension...

If you are living in the UK and suffer from a mental health condition that affects your daily life, you may be eligible for financial help from the government. Often...

The Department for Work and Pensions has boosted its household support fund to provide an additional £500 million in the wake of the Budget. Department for Work and Pensions Extends...

British pensioners with income tax may be concerned to learn that they stand to lose £1,000 in Chancellor of the Exchequer Jeremy Hunt's new Budget. His proposal to freeze the...

The impending challenge of funding a substantial wave of retirements has grown too significant to overlook. As the ageing population increases, the strain on state pension systems becomes an undeniable...

In the wake of the UK's confirmed recession and persistent cost of living challenges, low-income families are grappling with financial strain. Research from the Joseph Rowntree Foundation reveals alarming levels...

Pensioners have encountered an unforeseen financial setback, as newly disclosed figures reveal the imposition of an "emergency" income tax bill, reaching as high as £55,000 for some individuals, subsequent to...

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...

Britain's system faces the stark reality of struggling to meet the needs of an ageing population, warns Andy Briggs, the chief executive of life insurer Phoenix Group. Retirees are at...

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...

Millions of Britons will be getting higher payments beginning next week. The Department for Work and Pensions (DWP) has confirmed that the changes will apply to potentially millions of people...

Many UK households will get a £100 Cost of Living allowance this summer. Nottinghamshire County Council stated in April that it would provide one-time free cash handouts of £100 to...

PIP claimants may have to provide a 'proof letter' under new reforms issued by the Department of Work and Pensions. PIP Claimants Required to Provide Evidence for Purchases Under New...

The Department of Work and Pensions (DWP) has announced a new scheme concerning a  ‘joined-up work and health support service’ to assist nearly 59,000 persons suffering from long-term illnesses or...

Between June and December this year, thousands of Carer's Allowance recipients will receive one-off payments totalling £288.60. The Scottish Government automatically pays the Carer's Allowance supplement twice a year to...

Following Labour MP Navendu Mishra's question about whether an assessment of the “average financial impact per claimant of the discontinuation of Disability Cost of Living Payments” had been made, the...

The British government has a range of financial benefits for families bringing up children with disabilities, illnesses or health conditions, including autism. Among these benefits is Disability Living Allowance (DLA),...