125 results for "tax system"

The UK government is set to launch 'pension megafunds' to drive economic growth and support local infrastructure investment. This reform will consolidate pension assets into larger funds, expected to generate…

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…

In the UK, people receiving Disability Living Allowance (DLA), Adult Disability Allowance (ADP) or Personal Independence Payment (PIP) could see their monthly income increase from April 2025.

How does contracting out your additional state pension affect your retirement benefits, and what should you look out for?

PIP and ADP provide vital support for over 3.6 million people with disabilities or health conditions in the UK.

State pensioners born before certain years may qualify for a yearly boost of £2,991 due to a change in the state pension system.

Labour's budget plans may significantly impact retirees, from cuts to winter fuel payments to potential pension reforms including means-testing, inheritance tax changes, and stricter pension access rules.

Company managers stressed the importance of short-term work visas for London's economy and the need to speed up visa procedures to support growth.

Rachel Reeves is due to present Labour's first budget for 15 years on 30 October, which aims to close a £22 billion deficit in public spending.

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.

DWP warns PIP and ESA claimants to act quickly to avoid losing their benefits. Urgent action is needed for those receiving support.

UK households will experience a set of changes in October 2024, which will impact various financial rules and support payments.

This month, hundreds of thousands of people will no longer receive Housing Benefit payments. The DWP is scrapping the benefit, which was received by roughly 2.4 million Britons. DWP to End...

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....

Within the forthcoming week, a change will be introduced which will have an impact on benefits received by hundreds of thousands of people still on older benefits in the UK....

Benefit claimants have been warned that significant changes are likely to take place starting in October. On October 30, Labour Chancellor Rachel Reeves is expected to announce her first Budget, which...

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...

Benefits claimants are being warned that hundreds of thousands of people have had their benefits stopped due to a large-scale migration process. DWP Update: Key Figures in Legacy Benefits Transition...

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...

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...

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...

The Department for Work and Pensions (DWP) has recently confirmed that Universal Credit recipients may be eligible for an extra monthly payment if there has been a delay in processing...

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...

Very soon, a £500 payment is to be made to several households from the government’s Household Support Fund (HSF) Amid the cost of living Crisis. The funds are allocated by...

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...

Amidst the Cost of living crisis, state pensioners can enjoy seven amazing freebies and discounts worth a staggering £11,352. The Department for Work and Pensions (DWP) has informed state pension...

The Department for Work and Pensions (DWP) has announced that it has discontinued the benefit claims of 184,000 people transitioning to Universal Credit. People Urged to Transition to Universal Credit...

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....

New figures reveal that claims made to the Department for Work and Pensions (DWP) have seen a noticeable rise. The significant demand for the disability benefit arises as new reforms...

According to the Guardian, more than 200,000 people have been wrongfully investigated for housing benefit fraud and error after a government algorithm failed to operate as expected. Two-thirds of claims...

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...

The Woman Against State Pension Inequality (Waspi) campaign has recently issued a scam alert to thousands of people across the country in response to allegations of fraudulent compensation claims. Campaigners are...

A detailed report by the Institute for Fiscal Studies (IFS) has highlighted the groups most affected by the transition from traditional benefits to Universal Credit (UC). The Department for Work...

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...

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 Department for Work and Pensions (DWP) said it has been reviewing thousands of pensioners' bank statements following a significant increase in fraud. Pension Credit Overpayments Surge to £520 Million,...

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...

Thousands of people claiming employment and support assistance (ESA) may be required to make a significant shift this month. The Department for Work and Pensions (DWP) is testing asking these...

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...

People with a long-term sickness, disability, or physical or mental health condition who file a new claim for Personal Independence Payment (PIP) this month and are approved may earn up...

Martin Lewis, the famous money expert, has called attention to a major issue affecting millions of workers who have not received a pay rise this year. Presently enjoying a break...

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...

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...

The UK government has decided to provide a major boost to households facing rising living costs in the face of mounting financial pressures. The Household Support Fund, a collaborative initiative...

The UK government is considering making major changes to its social care system, potentially impacting on those suffering from health conditions such as Depression and Anxiety. The forthcoming changes have...

The government intends to eliminate Universal Credit fitness for work evaluations when granting PIP and replace them with an updated Universal Credit health element. DWP Unveils Proposal to Revamp Disability Assessment for Employment...