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...
A Member of Parliament has drawn attention to a problem involving a substantial number of divorced individuals who may have been overlooked in the DWP's State Pension benefit calculation, potentially...
The Department for Work and Pensions (DWP) offers a wide range of financial support schemes for older people, of which the state pension is one of the most important. However,...
Workers are being urged to verify their State Pension contributions and seize the chance to refill any missing payments before a deadline. People who failed to update their contributions have...
The British Treasury has recently made a key announcement that will bring relief to many people, particularly women aged between 60 and 70. HM Revenue and Customs (HMRC) started reaching...
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...
Are you aware that the Department for Work and Pensions (DWP) carries out frequent assessments of benefit claimants? The assessments enable the DWP to identify people who may be retrospectively...
HM Revenue and Customs (HMRC) has recently issued a statement urging people born between 1 September 2002 and 2 January 2011 to check for unclaimed assets in dormant accounts. This...
According to current statistics, approximately one million households in the UK could lose up to £6,500 in state pension due to a simple oversight in claiming child benefit. Shockingly, child...
The Department for Work and Pensions (DWP) is well known for its dedication to supporting people with health problems through a range of benefits. One such benefit is Employment and...
More than a million British households are missing an opportunity to claim the £65 weekly payment, reveals the Department for Work and Pensions (DWP). Older pensioners may be under the...
HMRC is encouraging individuals born between two specific dates to check if they qualify for up to £2,000 in free money through the Child Trust Fund (CTF). The government has...
According to the Office for National Statistics, the UK economy saw a 0.1% increase in Gross Domestic Product (GDP) in February of this year, following a 0.3% rise in January....
Millions of carers in the UK are not receiving the support they need through programs such as carer's credit or carer's allowance. Looking after another person for at minimum of...
The Department for Work and Pensions (DWP) has announced uplifting news for benefit claimants amid escalating financial burdens. From 1st April, those receiving both Universal Credit and the State Pension...
Starting in April, the employment sector will be subject to a new legislation that will impact workers' pay and leave entitlements. Additionally, working parents will receive certain childcare benefits as...
It is commonly believed that the British government, a body elected by the people, mostly by its pensioners, always has their interests at heart. However, this perception is not entirely...
Millions of UK workers could see a boost in their bank accounts starting April 7, as the UK's lowest-paid workers receive a salary increase, resulting in an additional £160 for...
UK pensioners are strongly urged to claim their Winter Fuel Payment from the Department for Work and Pensions (DWP) as time is running out. The payment can be worth up...
If you are living in the UK and suffer from a mental health condition that affects your daily life, you may be eligible for financial help from the government. Often...
The Department for Work and Pensions has boosted its household support fund to provide an additional £500 million in the wake of the Budget. Department for Work and Pensions Extends...
The recent borrowing figures of the UK government have been a surprise to many. The nation's finances seem to be under more strain than anticipated, with a reported borrowing of...
UK inflation dropped to 3.4% in February, the lowest rate for two and a half years, as the annual pace of price hikes started to slow after surging in January....
In an effort to allay rumours over when the next general election would be held, Rishi Sunak declared that his "working assumption" was that the vote would happen in the...
According to the Bank of England, the level of outstanding mortgage balances with arrears surged by over 50% in 2023's fourth quarter in comparison with a year earlier. Bank of...
Manchester airport flights are set to experience a price rise, following the Chancellor's budget announcement of a surge in air traveller duty to assist fund larger reductions to National Insurance....
The Office for Budget Responsibility (OBR) anticipates a notable economic development as inflation is projected to dip below the government's 2% target in the coming months. OBR Forecasts Inflation Dip...
UK Chancellor Jeremy Hunt's Budget 2024 announcement may have left you wondering about the impact on your finances. Substantial changes are on the horizon, with key measures on tax, benefits,...
In February, the combination of wet weather and persistent cost of living challenges significantly dampened retail sales, leading to a meagre growth rate of just 1%. Many households opted to...
As the eagerly anticipated Budget announcement approaches this Wednesday, Jeremy Hunt has dropped hints suggesting a potential introduction of tax cuts. This strategic move, if implemented, could have significant implications...
The Institute for Fiscal Studies (IFS) has warned that Chancellor Rishi Sunak's recent fiscal measures targeting workers and businesses are projected to result in an additional £100 billion in taxes...
As Chancellor Jeremy Hunt readies for another round of tax reductions in next week’s budget, economists caution that Britain's extended public services will bear the burden of post-election spending cuts....
In the face of a looming national recession, Chancellor Rishi Sunak remains resolute in his assertion that the government can afford to implement tax cuts. Despite concerns about economic downturn,...
In an effort to counter a substantial poll deficit against the Labour Party and address criticism from within his own party, Chancellor Rishi Sunak has endeavoured to present a more...
The resolution to Britain's growing public debt crisis demands a comprehensive fiscal overhaul. Despite this urgency, both the current Tory government and the anticipated Labour successor exhibit a notable reluctance...
Jeremy Hunt, has indicated that there will be limited space for tax cuts in the upcoming spring budget next month. This announcement comes shortly after the IMF cautioned the UK...
Jeremy Hunt remains committed to proceeding with tax cuts, despite the International Monetary Fund (IMF) cautioning that the increasing debt burden and NHS challenges render such cuts unsustainable for Britain....
British tourists have been cautioned about a new “active outbreak” of a virus transmitted by bite-causing midges and mosquitos. British holidaymakers have been warned about the condition, which causes fever, chills,...
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...
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....
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...
Tourist tax is becoming increasingly popular within the travel business, as more popular holiday destinations either start to apply the tax or discuss the possibility of introducing it. With the...
NatWest Bank is moving swiftly to increase the monthly fees associated with several of its packaged bank accounts. Customers will potentially have to pay an extra £60 a year. New...
Whether it is the food in your fridge or your monthly mortgage payments, inflation has seen costs rise sharply for UK households over the last two years. Just two years...
Britain's economic vitality is under the microscope as the decision by the public sector to adopt a four-day work week generates much discussion and concern. Indeed, the Welsh Government, backed...
After enduring years of austerity and weathering the storm of the Covid-19 pandemic, Britain's economic growth faces a daunting reality an ailing workforce and businesses grappling with recruitment struggles. The...