State Pension back pay due before end of this month for two groups of women

Thousands of older people, mostly women, could be due backdated State Pension underpayments worth nearly £12,400 before the end of 2024 as the Department for Work and Pensions (DWP) continues to identify and rectify historical administration errors. However, it's important to be aware most people currently receiving the State Pension - some 12.6 million - are getting the right amount of money.

Chancellor Jeremy Hunt’s National Insurance (NI) cuts, which come into effect this weekend, offer an immediate and welcome boost to take-home pay for an estimated 27 million employees across the country. However, as the dust settles on this Autumn Statement decision, Aegon’s Pension Director Steven Cameron has flagged potential implications for individual finances and the future funding of the State Pension and current Triple Lock policy.

Millions of people claiming their State Pension can look forward to a bumper income boost this year when payments rise by 8.5 per cent from April 8, 2024. Under the wages growth measure of the Triple Lock policy, those on the full New Sate Pension can expect an annual increase of £902, while those on the full Basic (or Old) State Pension will see an uplift of £692).

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.

The Scottish Government recently announced a new devolved disability payment designed to provide additional financial support for people of State Pension age will not include a mobility component. However, it has also confirmed the new benefit will not include any face-to-face assessments as part of the application process.

An independent investigation by the Parliamentary and Health Service Ombudsman (PHSO) into changes made to the State Pension age is expected to conclude early this year. The Ombudsman recently confirmed any recommendations it makes to the Department for Work and Pensions (DWP), following the publication of its final report into ‘injustice caused by the maladministration’ of changes to the State Pension age, will be applied to “everyone who has been similarly affected” by the failings it identifies.

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Thousands of people in receipt of Personal Independence Payments (PIP) could be due arrears from as far back as April 2016, following a recent change to the Daily Living component assessment rules around the definition of ‘social support’. The Department of Work and Pensions (DWP) is now urging around 284,000 existing claimants to contact them, if they think they may have been affected.

Thousands of older people, mostly women, could be due backdated State Pension underpayments worth nearly £12,400 before the end of 2024 as the Department for Work and Pensions (DWP) continues to identify and rectify historical administration errors. However, it's important to be aware that most people currently receiving the State Pension - some 12.6 million - are getting the right amount of money.

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.

A pensioner says she ‘feels like I have been left abandoned’ after a broken heating system means she is facing a freezing cold Christmas in Blackley.

The Department for Work and Pensions (DWP) has shared the proposed, new State Pension and benefits payment rates to come into effect from April 8, 2024. State Pensions will rise by 8.5 per cent, as per the Triple Lock policy, while most benefits will increase by the September Consumer Price Index (CPI) inflation figure of 6.7 per cent.

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.

HM Revenue and Customs (HMRC) has started writing to thousands of older people who may have been underpaid their State Pension due to missing information on their National Insurance (NI) record. The issue affects mostly women in their 60s and 70s who may have Home Responsibilities Protection (HRP) missing from their NI record.

State Pension provides essential financial support every four weeks for 12.6 million people across Great Britain, including around one million living in Scotland. This regular payment of up to £203.85 per week for the full, New State Pension or £156.20 per week for the Basic State Pension (Category A or B) is available for those who have reached the UK Government’s eligible retirement age, which increased to 66 for both men and women in October 2020.