299 results for "New state pension"

Finance expert Martin Lewis has issued an important warning to state pensioners born after 1951 about a helpful strategy to potentially secure a staggering amount of cash.

State pensions in the UK are expected to rise by up to £461 in April 2025, thanks to a 4% wage growth under the triple lock system.

State pension age increases are driving people to retire later, with 2024 seeing the highest average retirement age since records began.

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.

The Department for Work and Pensions (DWP) is requesting Universal Credit claimants to provide additional documents, including bank statements, for benefit reviews.

State pensioners born in these specific years will notice their Winter Fuel Payment increase by £100 if they qualify for the payment.

Pressure mounts on Chancellor Rachel Reeves to adjust State Pension, but experts warn of long-term economic risks and the potential depletion of pension funds.

The Department for Work and Pensions (DWP) is offering pensioners up to £3,900 through Pension Credit. A simple five-minute task could help you find out if you qualify for additional…

State pensioners may miss out on a £400 increase in payments as uncertainty surrounds state pension adjustments for next year.

A recent legal challenge could see the Winter Fuel Payment reinstated for millions of pensioners after changes cut eligibility for many.

The Department for Work and Pensions (DWP) has outlined four reasons why some state pensioners might not be eligible for the £300 Winter Fuel Payment this year.

Pension credit applications have more than doubled since Labour’s controversial move to cut winter fuel payments for pensioners. Recent government data reveals that the surge could cost the Treasury an…

The new Labour Party government will seek financial institutions to disclose data in order to help identify and stop fraudulent activities.

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…

DWP prioritizes PIP claims with new measures to speed up payments, reducing in-person assessments and streamlining reviews.

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 Department for Work and Pensions (DWP) is set to release a new White Paper this Autumn aiming to boost employment by getting more unemployed and long-term sick people back into...

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...

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...

The new Labour government and the DWP are set to introduce a new Cost of Living support this October. Despite concerns that the Household Support Fund would end on September...

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...

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...

Labour's plan to review pensions in order to save money has raised concerns about the potential impact on households and their pension pots, leading to media reports of a "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...

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...

There’s been a persisting inflation over the last couple of years such that many people in the UK are struggling with payments, afford basic requirements and have a roof over...

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 conservative think tank has proposed a £5,000 Parental Allowance, urging the Department for Work and Pensions (DWP) and HMRC to consider it. Onwards has joined parenting platform Mumsnet to suggest offering a £5,000 tax...

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...

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...

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...

Finance guru, Martin Lewis has issued a warning that millions of state pensioners might be missing out on a financial assistance valued between £3,778 and £7,956 a year. The benefit...

Pensioners who have worked for 30 years could be missing out on a  £70,000 increase. New research indicates that state pensioners are losing over  £1.2billion each year by transferring their...

Liz Kendall, the new head of the Department for Work and Pensions, has launched a decisive initiative aimed at addressing unemployment. Labour Cabinet Member Criticizes Conservative Approach to Universal Credit...

State pensioners could save hundreds of pounds through new freebies and discounts. In total, there are seven benefits worth up to £11,352. Benefits and Savings Available to State Pensioners Recent...

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...

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....

Inflation has been on the rise in recent years, with cost of living crisis that has made prices to go up, which have burdened millions of households from payment of bills...

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...

Around 12.7 million people in the UK are currently receiving State Pension, a regular payment that provides financial help to eligible retirees across the nation. Nevertheless, those who haven't reached...

According to the Department for Work and Pensions' estimates around 880,000 pensioner households may be eligible for a £3,900 income boost, but do not claim Pension Credit as they wrongly...