As school holidays approach, HMRC is urging working parents to check if they qualify for Tax-free childcare benefits. Families Urged to Sign Up for Tax-Free Childcare Before Easter Break With...
British motorists are being alerted to new driving laws coming into effect in September. These changes will primarily impact fuel regulations, number plates, and the conclusion of a significant scheme....
As many struggle with the rising costs of living, Brits are being reminded to ensure they are receiving all the financial assistance they are qualified for to. This year, DWP benefits increased...
HMRC data obtained by Freedom of Information request indicates that between 2019 and 2023 Indians and Nigerians took up more jobs in Britain than Britons. This trend implies significant changes...
Universal Credit and other benefits are about to change a lot in April. You should understand these changes well and the possible impact on your family. Tax Credit Deadline There...
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....
Due to the upcoming bank holidays, payment dates are set to change as revealed by the Department for Work and Pensions (DWP). The first bank holiday, observed only in Scotland,...
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...
UK pension holders and those with employer-contributed workplace pensions, as well as other private pension plans, have been notified of a smart tax-saving “backdate” strategy. Maximize Your Pension Tax Savings...
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...
New mums who have recently stopped working or are self-employed could be entitled to a £184 weekly boost to their monthly income. DWP Maternity Allowance Provides Financial Support for New...
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...
This upcoming August bank holiday may cause some payment changes for many people. This adjustment could impact disbursements such as Universal Credit and Personal Independence Payments (PIP). If your payment is due on Monday 26 August, you are likely to receive it on...
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...
Older people have the opportunity to boost their state pension, which could earn them around £300 a year, by claiming a National Insurance perk from HM Revenue and Customs (HMRC)....
August 26 is a Bank Holiday, so some people will get their Department for Work and Pensions (DWP) benefit payments a bit earlier than usual. With the ongoing cost of...
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....
Married couples might be missing out on the marriage tax allowance due to difficulties in applying for it or simply being unaware they are eligible. It is estimated that two...
Gambling winnings can drastically affect your financial benefits. According to the Department for Work and Pensions (DWP), winnings are considered part of your capital, which could result in a reduction...
July will be a month of major changes in your pocket, with Ofgem lowering its price cap as well as new rules by some of the biggest high street banks....
Britons who have reached state pension age and are experiencing vision problems are being urged to determine if they qualify for up to £101.75 a week through Attendance Allowance. This...
If the Conservatives win the General Election on July 4, they have promised to reform the benefits system and put an end to soaring welfare bills. The Tory manifesto states...
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 Conservative Party has announced plans to ease the burden of child benefit tax for 700,000 families from April 2026. The party has proposed doubling the threshold for the High...
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...
The Department for Work and Pensions (DWP) has released a report on its plans to keep an eye on people's bank accounts. The UK's 15 largest banks are expected to...
The Department for Work and Pensions (DWP) has released a "checklist" for persons transitioning from PIP to Adult Disability Payment in the midst of a disability benefit crackdown. DWP Issues Transition...
Experts are warning taxpayers not to risk losing their hard-earned money to the "most unfair tax in Britain". The controversial levy is no other than the inheritance tax (IHT), which is levied...
Scottish parents of children under the age of 16 are now set to receive £106.80 every month through the Scottish Child Payment. The weekly payment of £26.70, which is only...
This June is set to bring an avalanche of financial updates that could affect your personal finances. From new cost of living payments to Universal Credit updates, here's a look...
The Department for Work and Pensions (DWP) has recently published an update on the matter of compensation for millions of WASPI women affected by the change in State Pension age....
New rules have been introduced for Universal Credit claimants, one of the most popular benefits in the UK with over 6 Million claimants. Universal Credit can be claimed from the...
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...
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 Update:...
The Department for Work and Pensions (DWP) announced changes to May's benefit payment date due to the upcoming bank holiday. Millions of beneficiaries throughout the UK will receive their scheduled...
To strengthen its campaign against benefit fraud, the UK government announced on Monday 13 May ambitious changes, promising to extend the investigative powers of the Department for Work and Pensions...
Wealthy pension savers are being cautioned that a new “catch in the small print” of lifetime allowance legislation might put them at danger of paying excessively tax on pension withdrawals....
Experts issued a warning to individuals who are late in filing their UK tax returns to make the necessary corrections as soon as possible to avoid the higher penalties that...
Some parents and legal guardians are required to update their personal information on GOV.UK to guarantee Child Benefit payments continue in June. This affects anyone with a 16-year-old child who was previously...
Members of an online benefit advisory forum are still reporting receiving backdated Personal Independence Payments (PIPs) ranging from £5,000 to almost £11,000 following a recent rule change by the Department...
British people could potentially gain an additional £1,000 in real terms on their savings, says the analysis, as providers offer competitive interest rates that exceed inflation levels. The current financial...
The Department for Work and Pensions (DWP) has confirmed that women affected by state pension underpayments are now falling into back payments averaging around £5,000. These arrears arise from the...
Universal Credit claimants with children have been alerted to the potential for childcare support worth up to £1,739 per month. This is part of the UK Government's initiative to help...
The British government will be strengthening the Department for Work and Pensions (DWP) by extending its powers to combat benefit abuse. Akin to the authority held by HM Revenue and...
Prime Minister Rishi Sunak has announced massive changes to the UK's welfare system. Mr Sunak stated in a speech on Friday morning that it is a "moral mission" to reform...
This May, expect several changes to the timing of receiving Universal Credit and other benefit payments, particularly due to two upcoming bank holidays. Stay informed on how these adjustments will...
The start of the new tax year has brought a financial boost to millions of UK workers. National insurance schemes have been in place since 6 April 2024, and British...
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 housing market is poised for an active spring, thanks to lower mortgage interest rates and increased buyer confidence. The latest HMRC report shows an encouraging increase in property...