An urgent warning has been issued over fears that up to one million families could lose out on National Insurance credits, potentially costing them a happy retirement due to a Child Benefit error.
An urgent warning has been issued over fears that up to one million families could lose out on National Insurance credits, potentially costing them a happy retirement due to a Child Benefit error.
Millions of older people in receipt of the New or Basic State Pension are set for a significant boost this year after the Department for Work and Pensions (DWP) confirmed payments will rise by 8.5 per cent from April 8, 2024. Those with additional State Pension elements or deferred payments, will see an uplift of 6.7 per cent.
A handful of benefit claimants could be owed up to £2,000 due to a mistake from the Department for Work and Pensions (DWP).
Pension experts at Spencer Churchill are urging older women, mostly in their 60s and 70s, to be on the lookout for letters from HM Revenue and Customs (HMRC) regarding State Pension arrears payments worth around £5,000. The Department for Work and Pensions (DWP) recently confirmed that HMRC has issued thousands of letters to older people who may have Home Responsibilities Protection (HRP) missing from their National Insurance (NI) record.
New figures published by the Department for Work and Pensions (DWP) show that by the end of October, nearly 18,000 widowed older people, mostly women, have received an average of £12,383 in backdated State Pension payments following a review of their entitlement to the contributory benefit.
An expert has warned that thousands of pensioners could be getting underpaid by the Department for Work and Pensions (DWP).
HM Revenue & Customs (HMRC) is set to send out letters to thousands, informing them they may be owed additional money.
Millions of people across Scotland, England and Wales claiming disability benefits from the Department for Work and Pensions (DWP) and Social Security Scotland are set for a 10.1 per cent pay rise this year which will be completely tax-free.
The UK Government has announced delays to a planned timetable which will eventually allow people to view all their pension pots, including State Pension, online in one place. The Department for Work and Pensions (DWP) said that more time is needed for the complex build of pensions dashboards to be set up.
A former pensions minister has warned the Women Against State Pension Inequality Campaign (WASPI) that they are likely to receive “tiny bits of compensation” and not the “thousands and thousands” they may be expecting once the Parliamentary Ombudsman has released its final report.
Millions of people across Scotland, England and Wales claiming disability benefits from the Department for Work and Pensions (DWP) and Social Security Scotland are set for a 10.1 per cent pay rise this year which will be completely tax-free.
The latest figures from the Office for National Statistics (ONS) show that Consumer Prices Index (CPI) inflation reached 10.1% in September. This matches the 40-year high inflation hit in July and remains well above the UK Government’s target of 2%.
The most recent report by the public spending watchdog on the Department for Work and Pensions (DWP) accounts has revealed that around 237,000 people over State Pension age have been underpaid a total of £1.46 billion. The National Audit Office (NAO) report said this was an increase of £429 million and some 105,000 older people on the DWP’s best estimate at the end of 2020-21.
New figures from the Office for National Statistics (ONS) show that Consumer Prices Index (CPI) inflation reached 10.1% in September. This matches the 40-year high inflation hit in July and remains well above the UK Government’s target of 2%.
The latest report by the public spending watchdog on the Department for Work and Pensions (DWP) accounts has revealed that around 237,000 people over State Pension age have been underpaid a total of £1.46 billion. The National Audit Office (NAO) report said this was an increase of £429 million and some 105,000 older people on the DWP’s best estimate at the end of 2020-21.
Ian Blackford has insisted the UK Government will continue to pay the pensions of older people living in Scotland in the wake of independence.
The scope of an administrative exercise checking and correcting State Pension underpayments should be expanded, a former pensions minister has said in a letter to the Department for Work and Pensions (DWP).
Thousands of women currently receiving as little as £1 a week for their State Pension could be owed sums of money equivalent to lottery wins, a former pensions minister has said. Sir Steve Webb, who is now a partner at pensions consultants Lane Clark & Peacock (LCP), said some women may be entitled to huge refunds but could be missed by data searches currently being carried out by the Department for Work and Pensions ( DWP ).
significant State Pension rights, a former pensions minister has claimed. Sir Steve Webb, a partner at pensions consultants Lane Clark & Peacock (LCP), said in the late 1990s and early 2000s there were around 4,000 divorces involving women aged over 60 each year in the UK with the annual numbers increasing ever since.
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