State Pension Age Hike Delays Retirement for Many Born Before this Date
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.
£16 Billion Tax Cut on Pension Contributions Could Shrink Retirement Savings
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…
State Pensioners Born in These Years Will Receive an Additional £100 in Their Winter Fuel Payment
State pensioners born in these specific years will notice their Winter Fuel Payment increase by £100 if they qualify for the payment.
Update on Calls to Extend Winter Fuel Payments to All Over State Pension Age
New rules cut Winter Fuel Payments for many pensioners, with Pension Credit promoted as a replacement, but some will still miss out.
Martin Lewis Issues Urgent State Pension Alert for Those Born Before 1979
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…
State Pension to Increase by £460 in April, But Older Pensioners Will See £107 Less
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…
State Pensioners to Receive DWP Payments Unlinked to NI Contributions
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…
State Pension Set for £400 Increase Following Triple Lock Win
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…
DWP Offers State Pensioners Over £3,000 in September Benefits and Discounts
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.…
How a Simple Pension Contributions Change Could Secure an Extra £217,000 for Your 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…
DWP Issues Urgent Pension Warning to Millions
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…
Labour Considers Raising State Pension Age to 71 Due to Affordability Concerns
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…
Basic State Pension to Be Cut by £2,800 Annually Due to April Reform, Sparking Concerns
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…
Millions Affected as Triple Lock Pension Increase Cut by £11.50 a Month
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…
State Pensioners to Receive Up to £925 Monthly Under New Triple Lock Reform
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…
Older People Eligible for Up to £2,000 Back Payments Per Year on State Pension
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…
State Pension Blocked for 12 Months for People Born in These Years
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…
Pensioners Could Secure Winter Fuel Payment with £9,665 Income Boost
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…
Complete List of Benefits and Payments Exclusive to Those Over State Pension Age
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…
WASPI Women Could Be Due £45,604 Payment from State Pension Loophole
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…
State Pension Recipients to Receive £1,629 in August
Although the rules for Winter Fuel Payments have becomes stricter, reducing eligibility for many, there are still various benefits payment and cash handouts that those of state pension age can…
HMRC Warns State Pensioners They Risk Losing Full Pension Benefits
HMRC has alerted state pension recipients they might need to fill gaps in their National Insurance contributions in order to be able to get their full State Pension benefits. Individuals…
State Pensioners Could Save £1,175 by Avoiding Higher Pension Fees
Pensioners who have worked for 30 years could be missing out on a £70,000 increase. New research indicates that state pensioners are losing over £1.2billion each year by transferring their…
Thousands of State Pensioners Warned They Could Be Missing Out on £11,500 Income Boost
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…
New Pension Reforms Set to Increase Retirement Income and Enhance Savings
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…
Full New State Pension: Discover How Many Years You Need to Work to Qualify for Payments
According to the Department for Work and Pensions’ latest figures, approximately 12.7 million senior citizens nationwide currently receive a regular financial income from the State Pension. This payment is accessible…
Inheritance Rules for New and Basic State Pension Payments Following the Passing of a Spouse or Partner
The State Pension currently provides a regular income for almost 12.7 million seniors across Great Britain, including more than 1.1M residing in Scotland. The payment is managed by the Department for…
People on New or Basic State Pension Can Switch Monthly Payments to Weekly
People on the New State Pension will get up to £221.20 each week during the current fiscal year, however, standard payments are usually made every four weeks — around £884.80…
HMRC Sends Brown Envelopes to 210,000 Individuals for Overdue £5000 Pension Payments
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
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…
WASPI Women Sound Alarm Over ‘Concerning’ State Pension Scam Aimed at Retirees
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…
DWP to Provide Additional State Pension Payments for Eligible Older People
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…
New Manifesto Pledge Proposes State Pension Age Would Drop to 65
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.”…