The government is preparing to deliver an update on compensation for WASPI women, who were affected by changes to the state pension age. Following a damning report by the Parliamentary…
Reaching State Pension age opens the door to a wide variety of financial benefits designed to ease the burden of living costs in retirement. Yet many retirees remain unaware of…
Peoples' retirement plans are being impacted by the changes brought to the state pension age. Many are forced to stay in work to be able to secure a comfortable retirement.
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...
Homeowners will face higher mortgage costs as inflation rises and tax policies tighten the economic noose. Experts warn that borrowing rates could rise further, leaving families and businesses to navigate…
Inheritance tax (IHT) reforms announced in the Budget are set to reshape the financial landscape for thousands of UK homeowners and pensioners. By freezing tax-free thresholds and including pensions in…
The rising cost of living has made achieving even a basic retirement standard increasingly challenging for state pensioners. With the cost of a “comfortable” retirement now requiring £43,100 annually for…
Labour's controversy is set to reach millions of pensioners this winter, sparking heated debate and growing concern among human rights groups. Government figures reveal a worrying trend, leading many to…
Millions of pensioners are set to lose out on Winter Fuel Payments, but a surprising £3,900 boost could be within reach for those who act now. With new eligibility rules…
State pensioners in the UK may finally see their Winter Fuel Payment rise to meet soaring energy costs. Advocates argue that without increased support, millions could face a harsh winter…
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?
This winter, UK pensioners could receive a boosted Winter Fuel Payment, with some seeing up to £100 extra. Under new eligibility guidelines, pensioners born before specific years and claiming certain…
State Pensions are set to rise by 4.1% in April 2025, thanks to the Triple Lock. Full New State Pension recipients will see weekly payments increase, with annual boosts of…
Savers could face a "triple tax" on their pensions due to ongoing government changes, raising concerns among retirees and financial experts. The removal of the lifetime allowance limit in April…
The Department for Work and Pensions (DWP) is urging state pensioners to think about financial support as the cost of living crisis weighs on households across the UK.
Eligibility for the Winter Fuel Payments has changed, affecting millions of state pensioners, meanwhile Banks are offering free money to customers who switch accounts before the winter fuel eligibility shift.
