State Pension payment amount set to change for millions of Brits next year

Personal Independence Payment (PIP) is a benefit for people aged over 16 and under State Pension age who need help with daily living tasks or getting around outside the home as a result of a long-term illness, disability or mental health condition.

The Department for Work and Pensions (DWP) estimates that up to one million pensioners in households across the UK may be entitled to Pension Credit, but are not claiming the benefit.

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State Pension provides essential financial support every month for over 12.4 million people across the UK. This regular payment is available for those who have reached the UK Government’s eligible retirement age, which is now 66 for both men and women.

The Department for Work and Pensions (DWP) is giving millions of benefit claimants a Christmas Bonus this year.

Family members who provided free childcare in person, over the phone or by video call over the last year during the pandemic and subsequent lockdowns can apply for National Insurance(NI) credits to be added to their State Pension.

More than £1 billion-worth of State Pension has been underpaid due to repeated human errors which were almost inevitable amid complex rules and outdated IT systems, a spending watchdog recently highlighted in a new report.

The State Pension age is regularly reviewed to make sure that it is affordable and fair as people are living longer and spending a greater proportion of their adult life in retirement than in the past.

The Department for Work and Pensions (DWP) estimates that up to one million pensioner households across the UK may be entitled to Pension Credit, but are not claiming the benefit.

Personal Independence Payment (PIP) is a benefit for people aged over 16 and under State Pension age who need help with daily living tasks or getting around outside the home as a result of a long-term illness, disability or mental health condition.

State Pension payment rates will increase for nearly 12.6 million people across the UK by 3.1% next April after the Office for National Statistics (ONS) released new inflation figures for September on Wednesday morning.

Planning for your retirement can never start too early, especially as fallout from the coronavirus pandemic continues to have a financial and economic impact on households and businesses across the country.

State Pension is expected to increase for millions of people from next April.

State Pension provides essential financial support every month for around 12.6 million people across the UK, including 981,399 Scots. This regular payment is available for those who have reached the UK Government’s eligible retirement age, which is now 66 for both men and women.

State Pension provides financial support every month for around 12.6 million people across the UK, including 981,399 Scots and for some, it is their only source of income during their retirement years.

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State Pension will increase for nearly 12.6 million people by at least 2.5 per cent next April, however, financial experts say the monthly payment could go up by even more - as much as four per cent.

State Pension provides essential financial support every month for around 12.6 million people across the UK, including 981,399 Scots. This regular payment 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.