422 results for "State Pension"

People have been informed that they may have to repay £300 if they fail to meet one of three requirements. This comes after changes were made to the winter fuel…

As part of a significant transition to Universal Credit, the Department for Work and Pensions (DWP) is gradually eliminating some out-of-date benefits; however, this will not impact all welfare payments.

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.

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

A potential £16 billion tax increase on pension contributions could significantly reduce pension savings. Sir Steve Webb suggested this could occur if employers are required to pay National Insurance on…

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.

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

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…

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…

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...

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...

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...

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...

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...

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...

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...

The Department for Work and Pensions (DWP) has admitted to a significant weakness in relation to pension contributions for Universal Credit claimants, with this recent revelation shaking many thousands of...

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...

Winter Fuel Payments will be replaced by a newly introduced devolved lump sum from the Scottish government later on this year. Pension Age Winter Heating Payment (PAWHP) is set to...

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...

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...

Department for Work and Pensions (DWP) has announced that almost 78% of new Pension Credit claims are now being processed within a target of 50 working days from the date...

As the UK's General Election approaches on July 4, benefits recipients are understandably concerned about how a change in government could affect their payments in the coming months. Political parties...

The number of people who pay the top rate of income tax in the UK, set at 45%, is expected to surpass 1 million for the first time this year....

The UK's general election is right around the corner, with all the major parties unveiling their plans to manage the persistent cost of living crisis. Cost of Living Payments and...

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...

In the coming weeks, many people will receive a brown envelope from HMRC, informing them of thousands of dollars owed. HMRC to Rectify State Pension Underpayments Affecting Women HM Revenue...

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...

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 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...

The Housing Benefit is now part of Universal Credit for those of working age, but remains available for those over State Pension age and for specific types of accommodation. Understanding...

The Department for Work and Pensions (DWP) reported recently that some 78% of all new claims for Pension Credit are being processed within the target time of 50 working days....

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...

Millions of people in the UK are at risk of “dangerously underestimating” the total amount of money they need when it comes to retirement savings. Survey Reveals UK Adults' Lack...

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....

Millions of people are finding it increasingly difficult to pay their bills, buy essentials or even maintain a secure home unless they rely on state benefits, as the cost of...

The Department for Work and Pensions (DWP) and the UK Government are urging Welsh pensioners to check their eligibility for a potential increase of £900 a year as part of...

Many elderly Scottish households can anticipate receiving a series of one-off payments, totalling up to £367 per home, as winter approaches. Offered by the Scottish Government and the Department for...

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....

Amidst the renewal season for tax credits, HMRC has issued a crucial warning to 730,000 claimants. Those receiving Working Tax Credit and or Child Tax Credit will start receiving renewal...

Scotland is about to implement a new Disability Benefit Scheme, the Pension Age Disability Payment, for people of State Pension age with a disability or long-term condition. This new payment...

Following an incorrect amount of tax being charged on pension income, HMRC has refunded more than £42 million in pension tax overpayment refunds in the first quarter of 2024. HMRC...

Ministers have been advised that private sector workers and businesses must contribute more to their pensions to avoid a retirement crisis. Urgent Reforms Needed to Bolster Pension Contributions According to...

The former head of the civil service believes that public sector pensions should be reduced to help fund pay increases.  Public Sector Pension Concerns Exacerbated by Workplace Morale Crisis Lord...

The Department for Work and Pensions (DWP) has set out to provide financial relief to senior citizens who are facing an escalating cost of living. The scheme, which is aimed...