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Last chance for people over State Pension age to claim £299 cost of living payment - www.dailyrecord.co.uk - Scotland
dailyrecord.co.uk
04.03.2024

Last chance for people over State Pension age to claim £299 cost of living payment

Retirement expert Helen Morrissey is urging nearly one million people over State Pension age on a low income not to miss a crucial deadline to claim the £299 cost of living payment. New claims for Pension Credit made before the end of March 5, which later turn out to be successful, will also qualify for a backdated payment of the final round of cost of living support from the Department for Work and Pensions (DWP).

Full list of older women on Basic State Pension due back payments from DWP this year - www.dailyrecord.co.uk
dailyrecord.co.uk
24.03.2024

Full list of older women on Basic State Pension due back payments from DWP this year

A retirement expert has warned that the State Pension underpayment corrections exercise is making progress, but warns it is “slow” with “a very long way to go”. Helen Morrissey, head of retirement analysis at Hargreaves Lansdown, said that new data from the Department for Work and Pensions (DWP) shows that arrears payments have been made to nearly 100,000 women due to historical errors.

New plans to help parents boost State Pension payments due to start in two years - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
19.01.2024

New plans to help parents boost State Pension payments due to start in two years

The Uk Government has announced further details on its plans to ensure parents and carers are able to claim National Insurance (NI) credits for years where they have not claimed Child Benefit. This will help more people to fill gaps in their National Insurance record to claim more State Pension in retirement.

People due to retire this year could boost New State Pension payments by over £600 - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
16.01.2024

People due to retire this year could boost New State Pension payments by over £600

Retirement may be a while off for some people or just around the corner for others, but pensions expert Helen Morrissey, is urging everyone to give some serious thought to deferring making a claim for State Pension, as it could boost their annual later-life income by more than £600.

Five pension pitfalls to look out for if you are due to retire this year - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
04.01.2024

Five pension pitfalls to look out for if you are due to retire this year

The new year has started and for anyone planning to retire this year, whether they are reaching the official State Pension age, or leaving the workforce early, retirement expert Helen Morrissey has shared five key tips that are essential to ensure financial resilience in later life.

Five ways to top-up your current State Pension payments at start of the new year - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
22.12.2023

Five ways to top-up your current State Pension payments at start of the new year

The latest figures from the Department for Work and Pensions (DWP) show there are now 12.6 million people across Great Britain receiving State Pension payments, including 1.1 million living abroad and 992,052 in Scotland. Of that overall total, some 9.7 million people are receiving Basic State Pension payments of up to £156.20 each week, while 2.9 million are on - or due to claim - the New State Pension, which is worth up to £203.85 each week.

State Pension top-ups surge during last year as people boost retirement payments before upcoming deadline - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
18.12.2023

State Pension top-ups surge during last year as people boost retirement payments before upcoming deadline

New figures published by the UK Government show that at the end of March, the number of people making voluntary National Insurance (NI) contributions to top-up missing or incomplete years on their State Pension surged by 85 per cent over the 2022/23 financial year.

Five ways to maximise your current State Pension payments before end of this month - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
05.12.2023

Five ways to maximise your current State Pension payments before end of this month

The latest figures from the Department for Work and Pensions (DWP) show there are now 12.6 million people across Great Britain receiving State Pension payments, including 1.1 million living abroad and 992,052 in Scotland. Of that overall total, some 9.7 million people are receiving Basic State Pension payments of up to £156.20 each week, while 2.9 million are on - or due to claim - the New State Pension, which is worth up to £203.85 each week.

People on New and Basic State Pension set for huge pay rise next year under Triple Lock - www.dailyrecord.co.uk
dailyrecord.co.uk
16.08.2023

People on New and Basic State Pension set for huge pay rise next year under Triple Lock

The Triple Lock will determine the level of uprating to be applied to the State Pension for the 2024/25 financial year and pays the highest between September’s Consumer Price Index (CPI) inflation rate, earnings growth, or 2.5 per cent.

Five key questions people should ask as less than half feel confident they can afford to retire - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
31.07.2023

Five key questions people should ask as less than half feel confident they can afford to retire

New analysis by Standard Life, part of Phoenix Group, has calculated that people who want to achieve a minimum living standard in retirement, which includes enough for the basics and one week’s holiday in the UK a year but no car, require an annual income of £12,800.

People due to claim New State Pension this year could boost annual payments by over £600 - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
08.06.2023

People due to claim New State Pension this year could boost annual payments by over £600

Retirement may be a while off for some people or just around the corner for others, but pensions expert Helen Morrissey, is urging everyone to give some serious thought to deferring making a claim for State Pension, as it could boost their annual later-life income by more than £600.

Older people making new claim for £3,500 income boost today could also qualify for £900 extra payment - www.dailyrecord.co.uk - Scotland
dailyrecord.co.uk
19.05.2023

Older people making new claim for £3,500 income boost today could also qualify for £900 extra payment

People aged over 66 have until the end of Friday, May 19 to qualify for the £301 cost of living payment if they make a new claim for Pension Credit which later turns out to be successful. The means-tested benefit is worth more than £3,500 each year on average and acts as a gateway to additional help for heating bills, housing costs and Council Tax discounts.

Women over State Pension age could be due up to £11,500 in back payments this year - www.dailyrecord.co.uk
dailyrecord.co.uk
09.05.2023

Women over State Pension age could be due up to £11,500 in back payments this year

The latest release from the Department for Work and Pensions (DWP) into State Pension underpayment errors shows that between January 2021 and February 2023, the administration exercise identified 46,716 cases owed a total of £300.1 million. The previous update issued in November 2022 indicated that 31,817 underpayments had been identified and £209.3 million repaid to claimants.

Married couples over State Pension age could be due weekly income boost of up to £306 from April - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
31.03.2023

Married couples over State Pension age could be due weekly income boost of up to £306 from April

State Pension payments are set to increase by 10.1 per cent from April for some 12.6million people across Great Britain, including 992,052 living in Scotland. However, despite a record-breaking rise in payments of the contributory benefit, it is estimated that around 1.8 million pensioners are receiving less than £100 per week in State Pension payments.

New claims for Pension Credit increase as more older people apply for £3,50 income boost - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
15.02.2023

New claims for Pension Credit increase as more older people apply for £3,50 income boost

New figures released by the Department for Work and Pensions (DWP) show that at the end of August 2022, there were 1.4 million people receiving Pension Credit, representing a total of 1.6 million beneficiaries in total, including partners.

Married couples over State Pension age could be due weekly income boost of up to £306 from April - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
10.02.2023

Married couples over State Pension age could be due weekly income boost of up to £306 from April

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, it is estimated that over 1.8 million pensioners are receiving less than £100 per week in State Pension payments.

Future of State Pension Triple Lock and retirement age could be impacted by current birth rates - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
20.01.2023

Future of State Pension Triple Lock and retirement age could be impacted by current birth rates

The UK Government’s second review of the State Pension age is due to be published in May. The latest review into the official age at which someone can retire, now 66 for both men and women, launched at the start of last year and is considering whether the rules around pensionable age are appropriate, based on the latest life expectancy data and other evidence.

Full New State Pension payments during retirement means you need to work this number of years - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
19.01.2023

Full New State Pension payments during retirement means you need to work this number of years

People aged over-50 are facing a lifetime of financial insecurity after a recent report highlighted which age group is being hit the hardest by the cost of living crisis. Research from Edinburgh University’s Smart Data Foundry found economic inactivity rates have risen by a third for the over-50s age group since 2019.

Older people could be due weekly State Pension boost of up to £306 from April - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
10.01.2023

Older people could be due weekly State Pension boost of up to £306 from April

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 - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
22.12.2022

24 key money moments to mark in your diary for the year ahead

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.

Pension expert issues warning to all married women approaching retirement age - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
09.12.2022

Pension expert issues warning to all married women approaching retirement age

New research suggests that less than half (41%) of people could cope in retirement if they did not receive a share of their partner’s pension. The survey, carried out by Opinium on behalf of pensions experts, Hargreaves Lansdown, found that this figure drops to around a quarter (26%) of women while over half (54%) of men said they could cope.

Married and widowed women over State Pension age could be due up to £10,772 in backdated pay - www.dailyrecord.co.uk
dailyrecord.co.uk
30.11.2022

Married and widowed women over State Pension age could be due up to £10,772 in backdated pay

New figures from the Department for Work and Pensions (DWP) show that £209.3 million in State Pension underpayments have been repaid to 31,817 pensioners since the correction exercise began in January 2021 and the end of October 2022.

Older people could be due weekly State Pension boost of up to £278 - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
18.11.2022

Older people could be due weekly State Pension boost of up to £278

State Pension payments are set to increase by 10.1% from next April for merely 12.5 million people across the UK, 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.

State Pension and DWP benefits set to increase by 10.1% next April as Triple Lock honoured in Autumn Statement - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
17.11.2022

State Pension and DWP benefits set to increase by 10.1% next April as Triple Lock honoured in Autumn Statement

Chancellor Jeremy Hunt has announced that State Pension, Pension Credit and benefits will be uprated in line with inflation next year. Delivering his Autumn Statement to the House of Commons on Thursday, Mr Hunt confirmed an increase of 10.1% from next April at a cost of £11 billion for the UK Government.

Older people urged to check if they are due weekly State Pension boost of up to £182 - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
07.11.2022

Older people urged to check if they are due weekly State Pension boost of up to £182

The latest figures from the Department for Work and Pensions (DWP) show that in February 2022, nearly 12.5 millions people across the UK were receiving State Pension payments, including 1.1 million living abroad and 992,052 in Scotland.

Pension death benefits could go to the wrong person if crucial detail is not checked and updated - www.dailyrecord.co.uk
dailyrecord.co.uk
03.11.2022

Pension death benefits could go to the wrong person if crucial detail is not checked and updated

New research conducted by Opinium on behalf of pensions experts, Hargreaves Lansdown, found that only 38 per cent of people have kept expression of wish forms for all their pensions up to date. Over a quarter (26%) said they had not, 13 per cent were unsure and worryingly, some 24 per cent of the 2,000 people surveyed in September said they didn’t know what an expression of wish form was.

£26.6bn sitting in 3m lost pension pots - how to check if any of the money is yours - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
31.10.2022

£26.6bn sitting in 3m lost pension pots - how to check if any of the money is yours

New figures from the Pensions Policy Institute (PPI) suggest that an estimated £26.6 billion is sitting in unclaimed, dormant, or lost pension plans by some 2.8 million people across the UK. However, as part of Pension Awareness Week, Hargreaves Lansdown has shared how people can track down pension pots to boost their retirement income.

People claiming State Pension urged to check if they qualify for weekly payment boost of up to £182 - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
23.10.2022

People claiming State Pension urged to check if they qualify for weekly payment boost of up to £182

The latest figures from the Department for Work and Pensions (DWP) show that in February 2022, nearly 12.5 millions people across the UK were receiving State Pension payments, including 1.1 million living abroad and 992,052 in Scotland.

Full State Pension payments during retirement means you need to work this number of years - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
15.09.2022

Full State Pension payments during retirement means you need to work this number of years

People aged over-50 are facing a lifetime of financial insecurity as a report reveals which age group is being hit the hardest by the cost of living crisis. Research from Edinburgh University’s Smart Data Foundry found economic inactivity rates have risen by a third for the over-50s age group since 2019.

People on State Pension not claiming benefit worth an average of £1,900 each year - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
21.05.2022

People on State Pension not claiming benefit worth an average of £1,900 each year

New figures released by the UK Government show that up to 850,000 families who were entitled to receive Pension Credit did not claim the benefit in the financial year 2019 to 2020.

HMRC refunds more than £22m to older people in overpaid tax during first three months of year - www.dailyrecord.co.uk
dailyrecord.co.uk
02.05.2022

HMRC refunds more than £22m to older people in overpaid tax during first three months of year

A senior pensions and retirement analyst is calling on HM Revenue and Customs (HMRC) to simplify its system after thousands of older people reclaimed over £22 million in overpaid tax.

Workplace pension participation soars under auto-enrolment but expert warns further reform still needed - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
22.04.2022

Workplace pension participation soars under auto-enrolment but expert warns further reform still needed

New data from the Office for National Statistics (ONS) shows that around eight in 10 eligible employees had a workplace pension in April last year despite the tough economy.

Full State Pension during retirement means you need to work this number of years - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
22.04.2022

Full State Pension during retirement means you need to work this number of years

Planning for your retirement can never start too early, especially after the UK workforce experienced an unprecedented period of uncertainty during 18-months of lockdown which resulted in a staggering 11.7 million employees put on furlough.

Expert warns new State Pension rates are no match for soaring cost of living - www.dailyrecord.co.uk - Britain - Scotland
dailyrecord.co.uk
11.04.2022

Expert warns new State Pension rates are no match for soaring cost of living

State Pension payments have risen by 3.1% in line with the Consumer Price Index rate of inflation in September 2021, instead of the 8% boost that would have happened if the Triple Lock policy had not been suspended due to the increase in earnings, which was deemed to be unfairly inflated by the coronavirus pandemic.

National Insurance threshold increase to £12,570 could see people lose access to vital credits for State Pension - www.dailyrecord.co.uk - Britain
dailyrecord.co.uk
23.03.2022

National Insurance threshold increase to £12,570 could see people lose access to vital credits for State Pension

Rishi Sunak has announced that the National Insurance Contributions starting threshold will rise by £3,000 to £12,570 from July, meaning employees across the UK will keep more of what they earn before they have to start paying personal tax.

How many years you need to work to receive Full State Pension in retirement - www.manchestereveningnews.co.uk - Britain
manchestereveningnews.co.uk
18.03.2022

How many years you need to work to receive Full State Pension in retirement

An alarming proportion of young workers in the UK have no plans for their future retirement in place, it has been revealed. It comes after a period of uncertainty stemming from the 18-month lockdown which saw 11.7 million employees out on furlough leave, at a cost of £70 billion.

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