Retirement

pensioners-Senior Couple Sitting on a Sofa with a Blanket Wrapped Around Them. They Appear to be Warming their Hands Near a Small Heater.

State Pensioners’ Winter Fuel Payment May Rise to £370 – Will It Be Enough?

Retirement
News

State pensioners in the UK may finally see their Winter Fuel Payment rise to meet soaring energy costs. Advocates argue that without increased support, millions could face a harsh winter…

New State Pension Payments Set to Reach £921 Monthly Starting Next Year
- Retirement
- Social Welfare
State Pensions are set to rise by 4.1% in April 2025, thanks to the Triple Lock. Full New State Pension recipients will see weekly payments increase, with annual boosts of…
Chourouk Derkaoui 13/11/24
80,000 Older DLA Claimants Moving to New Benefit System Early Next Year
- Social Welfare
- Retirement
Nearly 80,000 older DLA recipients in Scotland are set to transition to a new benefit system next year, promising smoother support and continuity under Social Security Scotland’s care.
Arezki AMIRI 13/11/24
Savers at Risk of Facing ‘Triple Tax’ on Pensions, Raising Concerns About Future Retirement Savings
- Taxation
- Retirement
Savers could face a "triple tax" on their pensions due to ongoing government changes, raising concerns among retirees and financial experts. The removal of the lifetime allowance limit in April…
Lydia Amazouz 13/11/24
State Pension Rate Rises Could Lead to Millions of Pensioners Falling Into the 20% Tax Trap
- Retirement
- News
The State Pension increase in April could leave millions of pensioners may find themselves approaching or exceeding the income tax threshold.
Chourouk Derkaoui 09/11/24
Pensioners Urged to Claim £20,300 in DWP Benefits Amid Cost of Living Crisis
- News
- Retirement
The Department for Work and Pensions (DWP) is urging state pensioners to think about financial support as the cost of living crisis weighs on households across the UK.
Chourouk Derkaoui 08/11/24
Pensioners Affected by Winter Fuel Payment Changes Prompt Union’s Legal Challenge
- Retirement
- News
The government's plan to end the universal winter heating payment means major consequences for pensioners across the UK.
Chourouk Derkaoui 04/11/24
British Gas Urges Pensioners to Claim Pension Credit and Winter Fuel Payments
- Retirement
- Social Welfare
British Gas is sending out important letters to pensioners to ensure everyone understands their right to pension credit as winter approaches.
Chourouk Derkaoui 02/11/24
Thousands of Pensioners to Get £200 Boost as Winter Fuel Payment Eligibility Changes
- Social Welfare
- Retirement
For eligible state pensioners, the new Labour Party government has implemented a £200 “replacement” raise. This program is a component of a larger commitment by local governments, like North Lincolnshire…
Chourouk Derkaoui 01/11/24
DWP Changes Could Mean an Extra £326 a Month for 880,000 Pensioners
- Retirement
- News
- Social Welfare
Pensioners with limited income might be eligible for the DWP Pension Credit, which can boost their Pension with Extra Benefits—check if you qualify.
Arezki AMIRI 19/10/24
Martin Lewis Urges 43-73-Year-Olds to Boost Their Pension by Up to £80,000—Act Now
- Retirement
Martin Lewis issues an urgent six-month warning, revealing a lucrative opportunity for millions nearing retirement to secure a significant pension boost.
Arezki AMIRI 18/10/24
Pension Credit Alert: DWP Reaches Out to Over-66s Eligible for Pension Credit
- Retirement
- Social Welfare
The DWP is reaching out to individuals over 66 who may qualify for Pension Credit, aiming to boost their financial support and benefits.
Arezki AMIRI 15/10/24
New State Pension Rates Set to Shock Millions of Pensioners This Week!
- Social Welfare
- Retirement
This week, millions of pensioners await crucial CPI figures to determine their State Pension increases for 2025/26, which may significantly impact their finances.
Arezki AMIRI 14/10/24
New Group of People Could be Entitled to Up to £12,400 in State Pension Back Payments
- Retirement
- News
New evidence indicates that a new group of state pensioners appear to have errors on their state pension and could claim up to £12,400 worth of back payments.
Chourouk Derkaoui 14/10/24
Winter Fuel Payment Letters to Reach State Pensioners Starting on This Date
- Economy
- Retirement
- Social Welfare
State pensioners will soon get letters from the DWP confirming their eligibility for the Winter Fuel Payment.
Lydia Amazouz 11/10/24
£100,000 Lump Sum Cap Leaves Pensioners Facing Mortgage Crisis
- Retirement
- Taxation
Pensioners face uncertainty as the government considers cutting the tax-free withdrawal limit from £268,750 to £100,000.
Lydia Amazouz 11/10/24
State Pensioners Born Before Specific Years to Receive £2,991 Increase
- Retirement
- News
State pensioners born before certain years may qualify for a yearly boost of £2,991 due to a change in the state pension system.
Lydia Amazouz 10/10/24
State Pensioners Alerted to £665 Tax Bill by HMRC
- Taxation
- Retirement
State pensioners are being warned by HMRC that they could be hit with a £665 tax bill, which includes those who have lost Winter Fuel Payments.
Chourouk Derkaoui 10/10/24
Money Expert Martin Lewis Urges State Pensioners to Claim an £11,600 Handout by Making One Simple Phone Call
- Retirement
Martin Lewis is advising state pensioners that they can get £11,600 handouts by making a single phone call.
Lydia Amazouz 09/10/24
Major Pension Scheme Changes Could Increase Retirement Savings for Millions
- Retirement
A new type of pension scheme could help millions boost their retirement savings. The Government is looking to expand Collective Defined Contribution pensions (CDC).
Lydia Amazouz 09/10/24
Women in Their 60s and 70s Set to Receive Backdated State Pension Payments Worth £5,000
- Social Welfare
- Retirement
HMRC may notify hundreds of thousands of older women that their state pension entitlement has been affected by missing Home Responsibilities Protection (HRP) periods in their National Insurance records.
Chourouk Derkaoui 05/10/24
Martin Lewis Gives State Pension Warning for Anyone Born Between 1951 and 1984
- Retirement
Finance expert Martin Lewis has issued an important warning to state pensioners born after 1951 about a helpful strategy to potentially secure a staggering amount of cash.
Lydia Amazouz 05/10/24
Changes to State Pension Age Rules Could Spur More Delay in Retirement
- Social Welfare
- Retirement
State pension age increases are driving people to retire later, with 2024 seeing the highest average retirement age since records began.
Arezki AMIRI 03/10/24
State Pension Age Hike Delays Retirement for Many Born Before this Date
- News
- Retirement
Peoples' retirement plans are being impacted by the changes brought to the state pension age. Many are forced to stay in work to be able to secure a comfortable retirement.
Lydia Amazouz 02/10/24
£16 Billion Tax Cut on Pension Contributions Could Shrink Retirement Savings
- Taxation
- Retirement
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…
Chourouk Derkaoui 01/10/24
State Pensioners Born in These Years Will Receive an Additional £100 in Their Winter Fuel Payment
- Retirement
State pensioners born in these specific years will notice their Winter Fuel Payment increase by £100 if they qualify for the payment.
Lydia Amazouz 30/09/24
Will UK Pensions Run Out? Experts Sound Alarm Over Depleting Funds
- Social Welfare
- Retirement
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.
Arezki AMIRI 29/09/24
State Pensioners Can Claim £3,900 from DWP with Simple ‘Five-Minute’ Task
- Retirement
- Social Welfare
The Department for Work and Pensions (DWP) is offering pensioners up to £3,900 through Pension Credit. A simple five-minute task could help you find out if you qualify for additional…
Chourouk Derkaoui 28/09/24
DWP State Pensioners Warned They May Not Receive £400 Boost Next Year
- Retirement
- Social Welfare
State pensioners may miss out on a £400 increase in payments as uncertainty surrounds state pension adjustments for next year.
Chourouk Derkaoui 27/09/24
Update on Calls to Extend Winter Fuel Payments to All Over State Pension Age
- News
- Retirement
New rules cut Winter Fuel Payments for many pensioners, with Pension Credit promoted as a replacement, but some will still miss out.
Lydia Amazouz 17/09/24
State Pension Age Citizens May Face Cuts to Free Benefits in Next Month’s Autumn Budget
- Retirement
- Social Welfare
Many State Pensioners are still suffering from the new Labour Government's unexpected change that will see Winter Fuel Payments be delivered to only about 1.5 million pensioners this year to help plug a...
Lydia Amazouz 14/09/24
Martin Lewis Issues Urgent State Pension Alert for Those Born Before 1979
- Retirement
Martin Lewis is encouraging individuals to check to see whether they can increase their state pension by up to £74,000. This however only applies if they are of the appropriate age. Deadline...
Lydia Amazouz 12/09/24
State Pension to Increase by £460 in April, But Older Pensioners Will See £107 Less
- Retirement
Under the triple lock, the full new state pension should increase by over £500 to £12,020 per year starting April 2025. However, this amount is still far below what is required...
Lydia Amazouz 10/09/24
State Pensioners to Receive DWP Payments Unlinked to NI Contributions
- Retirement
The Department for Work and Pensions provides an advantageous program for state pensioners, in addition to top-up payments. The DWP has confirmed that older individuals in a specific age bracket will...
Lydia Amazouz 06/09/24
State Pension Set for £400 Increase Following Triple Lock Win
- Retirement
A report claims that the new full state pension will increase by over £400 per year. According to the BBC, Treasury calculations show that the pension might be increased as...
Lydia Amazouz 04/09/24
DWP Offers State Pensioners Over £3,000 in September Benefits and Discounts
- Retirement
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....
Lydia Amazouz 03/09/24
How a Simple Pension Contributions Change Could Secure an Extra £217,000 for Your Retirement
- Retirement
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...
Arezki AMIRI 03/09/24
DWP Issues Urgent Pension Warning to Millions
- Retirement
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...
Lydia Amazouz 28/08/24
Labour Considers Raising State Pension Age to 71 Due to Affordability Concerns
- Retirement
The newly elected Labour Government plans to raise the state pension age 71 as concerns over the retirement benefit's affordability arise. State Pension Age Could Rise to 71 as Labour Consider Changes...
Lydia Amazouz 23/08/24
Basic State Pension to Be Cut by £2,800 Annually Due to April Reform, Sparking Concerns
- Retirement
Over 12million retirees are expected to see their income rise by 4.5% starting April 2025. They were previously hoping to get 5.7%, however, those hopes have rapidly been crushed as...
Lydia Amazouz 16/08/24
Millions Affected as Triple Lock Pension Increase Cut by £11.50 a Month
- Retirement
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...
Lydia Amazouz 14/08/24
State Pensioners to Receive Up to £925 Monthly Under New Triple Lock Reform
- Retirement
- News
According to the latest figures issued the Office for National Statistics (ONS) on Tuesday, average regular earnings growth decreased by to 4.5% (with bonuses) in the three months leading to June. This...
Lydia Amazouz 13/08/24
Older People Eligible for Up to £2,000 Back Payments Per Year on State Pension
- Retirement
According to Sir Steve Webb, a former LIb Dem pensions minister, new evidence indicates that mistakes are still being made when it comes to State Pension payment claims. State Pension...
Lydia Amazouz 12/08/24
People Over State Pension Age with Long-Term Health Issues Set to Receive New Benefit This Autumn
- Social Welfare
- Retirement
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...
Lydia Amazouz 10/08/24
DWP to Provide State Pensioners with £175 in Bank Accounts Through New Benefit Payments
- Social Welfare
- Retirement
The Department for Work and Pensions (DWP) is set to provide state pensioners with two benefit payments this winter, estimated at £175 following the cut of the £300 Winter Fuel...
Lydia Amazouz 07/08/24
£3,044 Boost for State Pensioners who Have Reached Retirement age Before 2016
- Social Welfare
- Retirement
Those who reached the State Pension age before 2016 could get a £59 boost every week to their pensions. The Over 80 Pension is specifically made for those of 80...
Arezki AMIRI 07/08/24
State Pension Blocked for 12 Months for People Born in These Years
- Retirement
Individuals born in these specific years are set to experience a 12-month delay in receiving their state pension due to policy changes. State Pension Changes May Affect Individuals Born in...
Lydia Amazouz 07/08/24
Pensioners Could Secure Winter Fuel Payment with £9,665 Income Boost
- Retirement
- News
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...
Lydia Amazouz 06/08/24
Complete List of Benefits and Payments Exclusive to Those Over State Pension Age
- Retirement
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...
Lydia Amazouz 06/08/24
WASPI Women Could Be Due £45,604 Payment from State Pension Loophole
- Retirement
Women who qualify for state pensions could be due a major windfall thanks to a little-known gap in the system which can result in backdated payments of up to £45,604. The...
Lydia Amazouz 05/08/24

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.