53 results for "triple lock"

State pensioners are being informed that the expected £900 increase from the 'Triple Lock' policy is intended to balance the reduction in the £300 Winter Fuel Payment. This comes ahead...

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...

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...

Following the Labour Party's victory in the general election on 4 July, millions of older people in the UK can expect the triple lock policy, which guarantees safe payments of...

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...

According to the most recent estimates, everyone receiving the State Pension will get an additional £605 each year through the Triple Lock scheme. State Pension Set for £605 Boost as...

The Conservatives are aiming to secure the support of older voters ahead of the next election by introducing a new ‘triple lock plus’ policy to boost pensioner incomes. The new...

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...

Singapore-based Triple-A, an approved cryptocurrency payment company, has announced an expansion of its services with the inclusion of PayPal's stablecoin, PYUSD, in its list of tokens available to its customers....

The UK continues to bide its time in the face of severe weather this week. Weather forecasters have warned of heavy rain, snow and strong winds across much of the...

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...

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...

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...

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...

A warning has been issued to State Pension-age individuals as the income gap between the poorest pensioners and those on average incomes widens. According to the Institute for Fiscal Studies...

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....

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 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...

Sir Keir Starmer led Labour Party has swept to victory, had a clear majority to form the next government. Starmer speaking on the ability in the just accomplished electoral stated...

According to Office for National Statistics (ONS) the UK inflation rate for May fell to its lowest point in almost three years. The Consumer Price Index (CPI) dropped to 2.0%...

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....

Elderly people (Pensioners) in the UK are getting ready for a possible big tax hit if Labour wins the next vote. But even if the Conservatives stay in control, retired...

Under the Triple Lock program, around 9.7 million pensioners receiving the Basic State Pension could see their weekly benefits increase by up to £40 per month. If the Conservatives and...

People born in certain years are set to see a significant increase in their state pension from the Department of Work and Pensions (DWP), amounting to more than £600 a year. ...

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...

Rishi Sunak asserted that under a Labour government, state pensioners would be taxed ‘for the first time in history’ during Tuesday night's televised election debate. Sunak made his remarks based...

Under a new Tory Party plan, state pensioners will notice an extra £100 in their bank accounts, and that's "just the start." State Pensioners Set to Receive £100 Boost Under...

British state pensioners could see a significant increase of £600 a month in their payments under a new policy proposal. A financial expert has suggested that the incoming government could...

On Monday, UK Prime Minister Rishi Sunak announced a tax cut plan for millions of pensioners, thereby raising the importance of the elderly electorate in the forthcoming elections in July....

Hope is on the horizon for state pensioners as experts predict a significant increase in state pensions. With expectations soaring above £1,000 per month, proposed reforms could bring much-needed relief...

According to new estimates from the Office for National Statistics (ONS), UK inflation fell to its lowest level in nearly three years in April as energy prices fell further. Consumer...

An online petition with over 59,500 signatures has been started to demand a weekly State Pension payout of around £550 to bring it into compliance with the National Living Wage....

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...

Prime Minister Rishi Sunak has informed MPs that he “understands the strong feelings” in Parliament over the lack of response to the recently published final report by the Parliamentary and...

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...

The UK Government's recent decision to freeze income thresholds could result in unexpected tax liabilities for around 127,680 married couples in the 2024-25 tax year. This is due to the...

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...

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...

April 6 represented an important turning point for 29 million British citizens, as a record reduction in National Insurance Tax Cut came into effect. This transformational event is the result...

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 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...

The soaring cost of living has put a lot of people in Britain on the verge of destitution. Fortunately, help is at hand as charities such as Turn2us step 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...

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...

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....

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...

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...

In the UK, it is common for people to use fans as a solution to summer heat. Nonetheless, Government advice suggests that running a fan throughout a heatwave can actually...