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…
Increasing workplace pension contributions for both employees and employers could significantly enhance retirement savings, potentially adding £217,000 to an individual's pension pot, according to new research. Raising Pension Contributions Could...
Those who reached the State Pension age before 2016 could get a £59 boost every week to their pensions. The Over 80 Pension is specifically made for those of 80...
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 research shows that by 2026 million pensioners could suffer from so-called “retirement tax” on their state pension. Labour will hold the current tax threshold at £12,570 up to 2027-28....
Millions of people in the UK are at risk of “dangerously underestimating” the total amount of money they need when it comes to retirement savings. Survey Reveals UK Adults' Lack...
An emerging online petition advocates for equitable treatment, urging all individuals over retirement age to receive the updated State Pension weekly rate of £221.20, highlighting the disparity faced by those...
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...
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...
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...
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...
As the clock ticks on, signalling the inevitable journey toward retirement, a daunting revelation casts a shadow over the typical worker facing the stark reality of being left £600,000 adrift...
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...
Rising energy and grocery bills are placing significant financial strain on pensioners, emphasizing the urgency of bolstering retirement savings. Amidst escalating living costs, pensioners find themselves grappling with the necessity...
Recent research sheds light on the urgent need to address the challenges posed by the aging population in the UK, particularly in relation to retirement age. The findings emphasize the...
Experts warn that reducing tax-free pension cash could force retirees into debt, downsizing, or delayed retirement. With the October 30 budget looming, many have already made hasty financial decisions amid…
Martin Lewis is encouraging individuals to check to see whether they can increase their state pension by up to £74,000. This however only applies if they are of the appropriate age. Deadline...
Under the triple lock, the full new state pension should increase by over £500 to £12,020 per year starting April 2025. However, this amount is still far below what is required...
The Department for Work and Pensions provides an advantageous program for state pensioners, in addition to top-up payments. The DWP has confirmed that older individuals in a specific age bracket will...
The newly elected Labour Government plans to raise the state pension age 71 as concerns over the retirement benefit's affordability arise. State Pension Age Could Rise to 71 as Labour Consider Changes...
Financial expert Martin Lewis is advising state pensioners to see if they qualify for an extra £988 per year from the Government. State Pensioners Can Boost Income with Pension Credit...
Millions of pensioners in the UK are not receiving an £8,000 annual benefit that Money Saving Expert Martin Lewis has revealed. Between £3,778 and £7,956 can be offered annually by...
Recently released figures show that the expected £655 pay rise in April 2025 is unlikely to happen. Instead, people can now expect £11.50 less per month than originally anticipated. Under...
According to the latest figures issued the Office for National Statistics (ONS) on Tuesday, average regular earnings growth decreased by to 4.5% (with bonuses) in the three months leading to June. This...
According to Sir Steve Webb, a former LIb Dem pensions minister, new evidence indicates that mistakes are still being made when it comes to State Pension payment claims. State Pension...
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...
In a few days, this petition has quickly accumulated over 130,000 signatures in order to save the Winter Fuel Payment (WFP). This week, the WFP was altered by the Labour...
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...
A recent survey conducted by Just Group, which is a specialist in the later life, on 1,050 retired and semi-retired individuals has revealed that there is a significant lack of...
According to the Department for Work and Pensions' latest figures, approximately 12.7 million senior citizens nationwide currently receive a regular financial income from the State Pension. This payment is accessible...
According to the latest statistics from the Department for Work and Pensions (DWP), State Pension currently provides regular financial help for 12.7 million seniors across the country, including more than...
Amidst the Cost of living crisis, state pensioners can enjoy seven amazing freebies and discounts worth a staggering £11,352. The Department for Work and Pensions (DWP) has informed state pension...
The State Pension currently provides a regular income for almost 12.7 million seniors across Great Britain, including more than 1.1M residing in Scotland. The payment is managed by the Department for...
Approximately 12.7 million individuals in the United Kingdom are currently receiving State Pension, indicating a significant reliance on this fundamental form of assistance. As reported by the Department for Work and Pensions (DWP), the New State Pension, applicable to claimants post April 6, 2016, amounts to a maximum of £221.20 per week. For recipients of the Basic State Pension, the earlier iteration, the weekly amount is £169.50, contingent upon classification under Category A or B. The amount you receive is contingent upon the accumulation of National Insurance years prior to reaching the age of 66. A minimum of 10 years is required to be eligible for any financial benefits. Therefore, if you are approaching the age of 66, it is imperative to promptly assess your entitlements. Your State Pension age also serves as your Pension Credit qualifying age, yet there is a particular stipulation for men born before December 6, 1953. Should you seek information on when you are eligible to start receiving benefits, the 'Check your State Pension age' page on the GOV.UK website provides comprehensive guidance. Upon attaining State Pension age or Pension Credit age, certain benefits become inapplicable. According to Turn2us, specific benefits from the Department for Work and Pensions are no longer attainable. Here is an overview of the benefits that will continue and those that will cease upon reaching State Pension age. List of Benefits Pensioners...
Starting April 2025, state pension claimants could see a significant boost, with an increase of up to around £937, as Triple Lock's recent projections suggest. Final figures will be confirmed...
Reaching State pension age does not automatically initiate payments; pensioners must actively apply for their pension. Indeed, some people prefer to defer payment of their pension while continuing to work....
Parents of disabled children are being urged to act before running the risk of facing a shock in retirement in later life. Parents Caring for Disabeled Children Could Face a...
The 1,748th EuroMillions draw of the enormous £164 Million jackpot took place tonight, Friday 21st June 2024 at approximately at 21:00 CET (20:00 GMT) and the winning numbers drawn were :...
A notable mistake made by HMRC has led to the notification of individuals, women regarding owed funds resulting from inaccuracies, in state pension calculations. Who Is Impacted by the State...
The Woman Against State Pension Inequality (Waspi) campaign has recently issued a scam alert to thousands of people across the country in response to allegations of fraudulent compensation claims. Campaigners are...
The 1,747th EuroMillions draw of the massive £146 Million jackpot took place tonight, Tuesday 18th June 2024 at approximately at 21:00 CET (20:00 GMT) and the winning numbers drawn were :...
State pensioners could potentially receive up to £3,200 in extra help from the Department for Work and Pensions (DWP), but many are not claiming what they are entitled to. Essential...
The 1,746th EuroMillions draw of the massive £135 Million jackpot took place tonight, Friday 14th June 2024 at approximately at 21:00 CET (20:00 GMT) and the winning numbers drawn were : Draw...
According to the most recent data available from the Department for Work and Pensions (DWP), about 12.7 million seniors nationwide, including over a million retirees residing in Scotland, presently receive...
The Department for Work and Pensions (DWP) has issued an update on the status of the State Pension Underpayments Legal Entitlements and Administrative Practice (LEAP) initiative. State Pension Underpayment: Progress...
The 1,745th EuroMillions draw of the massive £123 Million jackpot took place tonight, Tuesday 11th June 2024 at approximately at 21:00 CET (20:00 GMT) and the winning numbers drawn were : Draw Number:...
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 Labour Party has reversed its decision to bring back the Lifetime Allowance on pensions, a measure originally estimated to generate £800 million in tax revenue. This reversal led to...
