Retirement

HMRC Sends Brown Envelopes to 210,000 Overdue £5000 Pension Payments

HMRC Sends Brown Envelopes to 210,000 Individuals for Overdue £5000 Pension Payments

Retirement

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...

Basic State Pension Recipients Could Receive Up to £718 Monthly
- Retirement
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...
Lydia Amazouz 20/06/24
WASPI Women Sound Alarm Over ‘Concerning’ State Pension Scam Aimed at Retirees
- Retirement
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...
Lydia Amazouz 19/06/24
DWP to Provide Additional State Pension Payments for Eligible Older People
- Retirement
According to the most recent data available from the Department for Work and Pensions (DWP), about 12.7 million seniors nationwide, including over a million retirees residing in Scotland, presently receive...
Lydia Amazouz 14/06/24
State Pension Back Payments: Thousands of Older Women to Receive Windfall of Up to £12,486
- Retirement
- Social Welfare
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...
Lydia Amazouz 12/06/24
New Manifesto Pledge Proposes State Pension Age Would Drop to 65
- Retirement
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."...
Lydia Amazouz 10/06/24
Complete List of Benefits Older People Reaching State Pension Age This Year Can No Longer Claim
- Retirement
- Social Welfare
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...
Lydia Amazouz 05/06/24
State Pensioners Set to Receive £100 Extra in Bank Accounts
- Retirement
Under a new Tory Party plan, state pensioners will notice an extra £100 in their bank accounts, and that's "just the start." State Pensioners Set to Receive £100 Boost Under...
Lydia Amazouz 31/05/24
UK State Pensioners Could See £600 Monthly Boost Under Radical Proposal
- Retirement
British state pensioners could see a significant increase of £600 a month in their payments under a new policy proposal. A financial expert has suggested that the incoming government could...
Arezki AMIRI 30/05/24
Millions in the UK Risk Running Out of Retirement Funds Due to Pension Confusion
- Retirement
- Economy
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...
Lydia Amazouz 29/05/24
WASPI Women to Receive Thousands in Compensation for Delayed State Pension After DWP Update
- Retirement
- Economy
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....
Arezki AMIRI 23/05/24
Martin Lewis Reveals the Best Scheme to Increase Your State Pension if You are 40 to 73 of Age
- Retirement
- Economy
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...
Arezki AMIRI 19/05/24
State Pension: Full List of Older People Eligible for Back Payments Before Year’s End Revealed
- Retirement
- Economy
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:...
Lydia Amazouz 18/05/24
£549 Weekly State Pension Called for Citizens Over 60
- Retirement
- Economy
An online petition with over 59,500 signatures has been started to demand a weekly State Pension payout of around £550 to bring it into compliance with the National Living Wage....
Lydia Amazouz 16/05/24
State Pension: New Calls for Weekly £221 Payments for People Over Retirement Age
- Retirement
- Economy
An emerging online petition advocates for equitable treatment, urging all individuals over retirement age to receive the updated State Pension weekly rate of £221.20, highlighting the disparity faced by those...
Lydia Amazouz 13/05/24
Elderly People at State Pension Age Earning Less Than £101 Weekly May Receive Extra Payment
- Retirement
- Economy
According to the latest Department for Work and Pensions (DWP) statistics, the State Pension is currently offering a regular financial income to approximately 12.7 million older individuals across the country,...
Lydia Amazouz 11/05/24
WASPI Women Brace for Extended Compensation Scheme Review by UK Government
- Retirement
- Economy
Prime Minister Rishi Sunak has informed MPs that he “understands the strong feelings” in Parliament over the lack of response to the recently published final report by the Parliamentary and...
Lydia Amazouz 10/05/24
Pension Savers Warned of Imminent Reform with New Tax-Free Lump Sum Cap
- Retirement
- Taxation
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....
Lydia Amazouz 04/05/24
State Pension Overhaul: Plans to End NI Deductions Unveil Future Pay and Retirement Age Changes
- Retirement
- Economy
The Chancellor of the Exchequer, Jeremy Hunt, has stated that he can “rule out” raising the State Pension age in order to support the UK Government's proposal to abolish National...
Lydia Amazouz 03/05/24
DWP and HMRC Finally Roll Out a Long-Awaited Online Service for State Pensioners
- Retirement
- Economy
The Department for Work and Pensions (DWP) and HM Revenue & Customs (HMRC) are rolling out a long-awaited online service to simplify the process of topping up National Insurance Contributions...
Arezki AMIRI 29/04/24
DWP, HMRC and PIP: Full List of Early Payments Changes for Next Week
- Retirement
- Economy
Changes to the payment schedules for various benefits facilitated by the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) have been announced due to the May...
Arezki AMIRI 28/04/24
Scottish Attendance Allowance to be Replaced by Pension Age Disability Benefit with 5 Eligible Local Authorities
- Retirement
- Economy
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...
Arezki AMIRI 27/04/24
DWP Gives £434 Monthly Attendance Allowance to Seniors with Heart Conditions
- Retirement
- Economy
The Department for Work and Pensions (DWP) has come out in support of the elderly, in particular those with heart conditions. Over 1.5 million people over retirement age receive Attendance...
Arezki AMIRI 26/04/24
DWP Divorced Women Pensioners ‘Missing Out’ on £3,525 in State Pension – Could You Be Owed?
- Retirement
- Economy
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...
Arezki AMIRI 25/04/24
HMRC’s New Tax Raid Targets ‘Two Million’ Married Couples
- Retirement
- Taxation
According to tax specialists, HMRC is purportedly targeting around two million married couples in a new tax crackdown, and many are unaware of the approaching threat. HMRC Targets Two Million...
Lydia Amazouz 25/04/24
DWP to Compensate Waspi Women’s Up to £2,950 Following Ombudsman’s Ruling
- Retirement
- Economy
The Department for Work and Pensions (DWP) is coming under increasing pressure to review the compensation due to Waspi women (Women Against State Pension Inequality). This follows a decision by...
Arezki AMIRI 25/04/24
Millions Urged to Increase Pension Contributions to Avert Retirement Crisis
- Retirement
- Economy
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...
Lydia Amazouz 24/04/24
Public Sector Pensions Should Undergo Reduction, Says Former Civil Service Head
- Retirement
- Economy
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...
Lydia Amazouz 24/04/24
State Pension Warning: Act Now or Face Significant Financial Loss!
- Retirement
- Economy
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...
Lydia Amazouz 22/04/24
DWP to Pay £3900 Annually to Eligible Pensioners Amid Cost of Living Crisis
- Retirement
- Economy
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...
Arezki AMIRI 20/04/24
Millions of Families are Losing £6,500 in State Pension Due to Child Benefit Mistake
- Retirement
- Economy
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...
Arezki AMIRI 18/04/24
HMRC Urges Individuals within Specific Birth Date Range to Claim Up to £2,000 in Free Cash
- Retirement
- Economy
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...
Lydia Amazouz 12/04/24
Richer Retirement: UK Teachers Could Get Thousands of Extra Pounds in Pension Income With a Little-Known Loophole
- Retirement
- Economy
Nearly half a million teachers in England and Wales could see a significant boost to their retirement income as a result of a little-known loophole. Often overlooked, this financial trick...
Arezki AMIRI 12/04/24
Rising Costs in the UK: Taxpayers Hit by £2.5 Billion Levy on Public Sector Pensions
- Retirement
- Economy
The cost of maintaining 'Gold-Plated' public sector pensions will be shouldered by taxpayers to the tune of an extra £2.5 billion, following the granting of one of the biggest pay...
Arezki AMIRI 12/04/24
Changes to Cash ISAs: Take Advantage and Invest Up to £20,000 a Year, Says Defaqto Money Expert
- Retirement
- Economy
The UK's Individual Savings Accounts (Cash ISAs) are about to undergo a number of changes as part of the Chancellor's Budget announcement in March. Savers will need to adjust their...
Arezki AMIRI 03/04/24
80% of Second Home Owners Face Doubling Council Tax
- Retirement
- Taxation
Tens of thousands of second home owners will face paying double council tax starting next year under new laws introduced by Michael Gove. According to an analysis directed by The...
Lydia Amazouz 01/04/24
UK Pensioners Are Suffering, Alerts Financial Columnist
- Retirement
- Economy
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...
Arezki AMIRI 29/03/24
UK Pensioners to Receive £900 Boost in State Pension Rates from April 2024
- Retirement
- Economy
The Department for Work and Pensions (DWP) is poised to implement a significant increase in state pension rates. UK pensioners are set to receive a substantial increase in state pension...
Arezki AMIRI 27/03/24
UK Mental Health Patients to receive £184 a Week From Department for Work and Pensions
- Retirement
- Economy
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...
Arezki AMIRI 27/03/24
Britain’s State Pension System on the Brink of Crisis
- Retirement
- Economy
The impending challenge of funding a substantial wave of retirements has grown too significant to overlook. As the ageing population increases, the strain on state pension systems becomes an undeniable...
Lydia Amazouz 01/03/24
March 2024: Key Dates for Pensions and Allowances
- Retirement
- Economy
In the wake of the UK's confirmed recession and persistent cost of living challenges, low-income families are grappling with financial strain. Research from the Joseph Rowntree Foundation reveals alarming levels...
Lydia Amazouz 29/02/24
Pensioners Struck by Startling £55,000 ‘Emergency’ Retirement Tax
- Retirement
- Taxation
Pensioners have encountered an unforeseen financial setback, as newly disclosed figures reveal the imposition of an "emergency" income tax bill, reaching as high as £55,000 for some individuals, subsequent to...
Lydia Amazouz 28/02/24
UK Pension Savers Face Potential Losses as Hidden Charges Remain Uncovered
- Retirement
- Economy
Amidst the intricacies of fund transfers, a prominent pension provider has issued a stark warning to UK pension savers. The caution emphasizes the looming potential for significant financial losses in...
Lydia Amazouz 20/02/24
UK Middle Class Households Facing Financial Struggles Despite £60,000 of Yearly Incomes
- Retirement
- Economy
Recent reports highlight that high housing prices and insecure jobs in Britain are causing UK middle class households to grapple with financial struggles in their journey to maintain decent living...
Lydia Amazouz 20/02/24
Demographic Ageing in Britain Signals Lower and Delayed State Pension Payments
- Retirement
- Economy
Britain's system faces the stark reality of struggling to meet the needs of an ageing population, warns Andy Briggs, the chief executive of life insurer Phoenix Group. Retirees are at...
Lydia Amazouz 19/02/24
UK Economic Growth Derailed by Record Long-Term Sickness Surge
- Social Welfare
- Economy
- Retirement
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...
Lydia Amazouz 17/02/24
UK Retirement at Risk: Potential £600,000 Shortfall
- Retirement
- Economy
As the clock ticks on, signalling the inevitable journey toward retirement, a daunting revelation casts a shadow over the typical worker facing the stark reality of being left £600,000 adrift...
Lydia Amazouz 17/02/24
Cost of Living Crisis Hits UK: Over 11 Million Britons Have Saved Less than £1,000
- Retirement
- Economy
A recent report highlights the struggle of poverty-stricken households in the UK to establish financial resilience amidst the ongoing cost of living crisis. It reveals that over 11 million working...
Lydia Amazouz 13/02/24
Retirement Equality: Labour’s Pension Tax Plan Ignites an Impending Crisis
- Retirement
- Economy
The Chancellor's recent decision to abolish the pensions "lifetime allowance" marks a landmark day for British pensions. The move holds the potential to reshape the landscape of retirement savings, promising...
Lydia Amazouz 09/02/24
UK House Prices Surge 1.3% in January as Mortgage Rates Fall
- Retirement
- Economy
The UK housing market maintains its momentum with a fourth consecutive surge in house prices observed in January. Insights from Halifax, a leading mortgage lender, shed light on this trend,...
Lydia Amazouz 07/02/24

Econostrum's Retirement section is dedicated to delivering the latest insights on retirement planning in the UK. We cover a range of topics from pension scheme updates, legislative changes affecting retirees, to innovative retirement saving strategies. Our articles provide detailed analysis of the current economic impacts on pensions and savings, offering practical advice for both soon-to-be and current retirees. By focusing on the financial aspects of retirement preparation and the evolving landscape of pension policies, Econostrum aims to empower readers with the knowledge needed to navigate their retirement years with confidence and financial stability.