273 results for "state pension age"

New rules cut Winter Fuel Payments for many pensioners, with Pension Credit promoted as a replacement, but some will still miss out.

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...

Starting Monday, 16 September, the Department for Work and Pensions (DWP) is introducing new rules that will limit Winter Fuel Payments. DWP Faces Criticism Over Winter Fuel Payments and Pension...

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...

Starting from October 21, 2024, a new disability benefit will be introduced in Scotland to replace the Attendance Allowance for people over State Pension age. The benefit will first become...

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...

Over 221,000 individuals from across the UK have signed an online petition initiated by Age UK, calling on Chancellor Rachel Reeves to overturn the decision that requires means testing for...

Millions of people over state pension age in Great Britain could be failing to claim extra payments of more than £9,544 each year, simply because most of them do not...

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...

According to the latest figures from the Department for Work and Pensions (DWP), the total number of people receiving additional financial support through Attendance Allowance almost hit 1.6 million by...

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....

More than one million Scottish residents over the State Pension age will be able to receive two new devolved benefits beginning before the end of the year. Scottish Government Introduces...

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."...

According to the most recent Department for Work and Pensions (DWP) estimates, the State Pension provides vital financial support to approximately 12.7 million people in the United Kingdom, including more...

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...

The DWP announces crucial support for people of State Pension age facing disabilities: eligible individuals may now receive an extra £326 monthly. State Pension Age Individuals Eligible for Additional Benefits...

People over State Pension age who live in five Scottish local councils will be the first in the country to be eligible for a new disability payment beginning in October. Introduction...

Sir Stephen Timms, chairman of the Work and Pensions Committee, has written to Work and Pensions Secretary Mel Stride in response to an oral evidence session that took place last...

The Scottish Government is planning to replace Winter Fuel Payments with a newly distributed lump sum to be expected later this year. Scottish Government Proposes State Pension Age Winter Heating...

According to the latest Department for Work and Pensions (DWP) statistics, the State Pension is currently offering a regular financial income to approximately 12.7 million older individuals across the country,...

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...

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...

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...

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...

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...

There is one simple but profoundly impactful step in personal finance that many people ignore. Called by Martin Lewis "the most lucrative thing" for over-40s and under-73s, this financial strategy...

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...

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...

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...

A report claims that the new full state pension will increase by over £400 per year. According to the BBC, Treasury calculations show that the pension might be increased as...

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....

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...

State pensioners who do not receive Pension Credit may still qualify for support through an extended scheme from Octopus Energy. This follows the UK Government’s decision to stop the annual...

A continuing cost-of-living crisis has gripped the people of the UK, ringing in difficulties in day to day life expenses for millions of families. Whether it's shopping or even making...

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...

Ofgem is expected to announce the new energy price cap on Friday, with analysts at Cornwall Insight predicting a 10% increase starting October 1. Upcoming Payments to Support Households and...

Over 12million retirees are expected to see their income rise by 4.5% starting April 2025. They were previously hoping to get 5.7%, however, those hopes have rapidly been crushed as...

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...

A sum of £150 is expected to be automatically deposited into the bank accounts of English, Scottish, and Welsh state pensioners following the Government’s Warm Home Discount scheme this winter....

The Department for Work and Pensions (DWP) has issued an important warning to state pensioners who claim Tax Credit. The individuals concerned will be sent a letter in the post...

Later this year, old age pensioners will receive a notification about getting extra money. A significant number of elderly people’s bank accounts will increase in November when the Warm Home...

The Department for Work and Pensions (DWP) is set to provide state pensioners with two benefit payments this winter, estimated at £175 following the cut of the £300 Winter Fuel...

Individuals born in these specific years are set to experience a 12-month delay in receiving their state pension due to policy changes. State Pension Changes May Affect Individuals Born in...

Thousands of pensioners who lost access to the Winter Fuel Payment due to a previous overhaul may now be eligible to receive it again. Winter Fuel Payment Eligibility May Impact...

Women who qualify for state pensions could be due a major windfall thanks to a little-known gap in the system which can result in backdated payments of up to £45,604. The...