Pension News: Thousands Add £35 Million to State Pensions, Boost Records

Pension News: Thousands Add £35 Million to State Pensions, Boost Records

Thousands bolstered their State Pensions by £35M via online service; 68,673 years added. Deadline looms: check National Insurance by April 5th. Pension News: Thousands Add £35 Million to State Pensions, Boost Records People have added 68,673 years to their records since the online service started last April. HMRC and DWP remind everyone about a deadline:…

New DWP Weekly Payment Rates Set to Increase from April for Benefits Recipients

New DWP Weekly Payment Rates Set to Increase from April for Benefits Recipients

Starting April, DWP will raise weekly payment rates for State Pension and benefits, benefiting millions of claimants across the UK. New DWP Weekly Payment Rates Set to Increase from April for Benefits Recipients London: On Tuesday, the Department for Work and Pensions (DWP) will present a motion in Parliament. This motion is about the ‘Draft…

State Pension Alert: 10 Million UK Savers Could Lose £20,000

State Pension Alert: 10 Million UK Savers Could Lose £20,000

Up to 10 million UK savers risk losing £20,000 due to inflation issues with their state pension State Pension Alert: 10 Million UK Savers Could Lose £20,000 London: Up to 10 million savers in the UK might be in trouble. They could be £20,000 worse off because part of their state pension isn’t linked to…

DWP Benefit Rates from April 2025 – Full List of Increases Announced

DWP Benefit Rates from April 2025 – Full List of Increases Announced

Millions of Brits will see benefit increases in April 2025, including Universal Credit, PIP, and State Pension adjustments. DWP Benefit Rates from April 2025 – Full List of Increases Announced London: In just a few weeks, many people in the UK will see their benefits go up. This includes Universal Credit, Child Benefit, PIP, and…

State Pension Triple Lock Doomed as MPs Warn ‘End is Nigh’

State Pension Triple Lock Doomed as MPs Warn ‘End is Nigh’

MPs from both parties are concerned about the future of the triple lock, fearing its costs as pension claimants rise significantly. State Pension Triple Lock Doomed as MPs Warn ‘End is Nigh’ London: Both Labour and Conservative politicians dislike the triple lock. They worry about the backlash if they try to change it. MPs know…

DWP State Pension Age at 70 Warning as Increases Come at Faster Rate

DWP State Pension Age at 70 Warning as Increases Come at Faster Rate

Experts warn that the state pension age may rise to 70 due to increasing costs, with changes potentially happening sooner than expected. DWP State Pension Age at 70 Warning as Increases Come at Faster Rate London: Experts are raising alarms about the state pension age. Soon, you might have to wait until your 70s to…

DWP’s Major Change to Pension Payments May Impact Millions of Brits This April

DWP’s Major Change to Pension Payments May Impact Millions of Brits This April

The DWP confirms state pension increases this April, benefiting millions of pensioners across the UK DWP’s Major Change to Pension Payments May Impact Millions of Brits This April London: The state pension is set to rise this April. This is thanks to the triple lock promise. It ensures pensions increase based on inflation, wage growth,…

Scottish Labour MP Calls on Colleagues to Support SNP Waspi Compensation Bill

Scottish Labour MP Calls on Colleagues to Support SNP Waspi Compensation Bill

A Scottish Labour MP is rallying his party to back an SNP bill aimed at compensating Waspi women affected by pension age changes Scottish Labour MP Calls on Colleagues to Support SNP Waspi Compensation Bill Alloa: A Scottish Labour MP is stepping up to support a bill from the SNP that aims to compensate Waspi…

HMRC Urges State Pensioners to Act Now to Avoid Payments Being Slashed

HMRC Urges State Pensioners to Act Now to Avoid Payments Being Slashed

State pensioners are being warned by HMRC to act quickly to secure their payments before the deadline hits HMRC Urges State Pensioners to Act Now to Avoid Payments Being Slashed Birmingham: HMRC is sounding the alarm for state pensioners. If you’re one of them, you might want to pay attention. There’s a deadline coming up…

DWP Alerts Older Brits Born in Specific Years Missing Out on £880 Monthly

DWP Alerts Older Brits Born in Specific Years Missing Out on £880 Monthly

The DWP is warning older individuals that they might be missing out on significant state pension payments if they don’t claim. DWP Alerts Older Brits Born in Specific Years Missing Out on £880 Monthly London: So, here’s the scoop. The state pension age in the UK is currently 66, but it’s set to rise to…

Labour Considers Bringing Forward State Pension Age Increase in the UK

Labour Considers Bringing Forward State Pension Age Increase in the UK

Labour is looking at moving up the state pension age, even as life expectancy stalls in the UK. What does this mean for future retirees? Labour Considers Bringing Forward State Pension Age Increase in the UK London: So, it looks like the Labour Government is thinking about bumping up the state pension age. They’re considering…

State Pension Triple Lock Could Be Replaced With New System in the UK

State Pension Triple Lock Could Be Replaced With New System in the UK

The UK may replace the state pension triple lock due to rising costs and demographic changes, prompting discussions on new systems and immigration. State Pension Triple Lock Could Be Replaced With New System in the UK London: A think-tank has raised alarms about the UK’s state pension becoming unaffordable by 2035. They say the current…