State Pension payments are set to increase by 10.1 per cent from April for merely 12.5 million people across Great Britain, including 992,052 living in Scotland. However, despite a record-breaking rise in payments of the contributory benefit, over 1.8 million pensioners are receiving less than £100 per week in State Pension payments.
24 key money moments to mark in your diary for the year ahead
22.12.2022 - 14:51 / dailyrecord.co.uk
The beginning of a new year is the perfect opportunity for a fresh financial start, despite these challenging times of record-breaking inflation and soaring energy bills. The key to planning for the next 12 months is to be aware of notable financial events and add them to your calendar in advance so you know what to expect and when.
The UK Government recently announced further cost of living support for 2023/24, however, no details have been released yet on delivery dates for the £900 means-tested payment, £150 disability payment or the £300 payment for pensioner households. It is presumed the support will come later in the year, similar to this year’s support.
Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdown has compiled a list of important dates including tax return deadlines, pension dashboards, State Pension age review and benefits uprating. We have also included key dates for payments unique to Scotland.
Ms Morrissey said: “2022 has been a bruising year for our finances with spiralling inflation putting pressure on our budgets. It’s expected to ease off as we go through 2023 but it’s going to stay tough especially given that UK Government support in the form of cost of living payments will stop for most people this year.
“Added to this the amount of tax we pay continues to rise as the complex web of tax freezes and increases continues to pull more people into paying more tax - we need to keep watching the pennies closely throughout 2023.”
Be sure to rummage through your wallet and drawers and gather up any non-barcoded stamps because after this date they cease to be valid for postage. Any non-barcoded stamps can be returned to Royal Mail who will swap them for updated versions.
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