State Pension underpayments for 237,000 older people may not be corrected until the end of 2024

The Department for Work and Pensions (DWP) has announced that it will continue to encourage more than 11 million older people to check if they qualify for an annual income top-up worth, on average, more than £3,500 throughout December and the new year.

The Department for Work and Pensions (DWP) has confirmed that more than 11.6 million pensioner households across the UK, including around one million in Scotland, have started to receive a one-off payment worth up to £600 to help with their heating bills this winter.

An online petition calling for a minimum weekly State Pension payment of £380 for all men and women over the age of 60 is set to be debated in Parliament next month. The petition, created by Michael Thompson, has received more than 107,980 signatures of support from people across the UK and will now be debated by MPs on Monday December 12, 2022.

Chancellor Jeremy Hunt confirmed during his Autumn Statement that the UK Government’s review of the State Pension age will be published in early 2023 and is scheduled to be released in May. At the start of this year, the Department for Work and Pensions (DWP) launched a second review of the State Pension age, which is now 66 for men and women across the UK.

Basic and New State Pension payments will increase next year by 10.1% after weeks of uncertainty for nearly 12.5 million older people across the UK. The Department for Work and Pensions (DWP) had declined to commit to whether the Triple Lock rule would return for the 2023/24 financial year after a temporary pause due to the economic fallout from the coronavirus pandemic.

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.

An estimated 19.2 million families and 39.8 million individuals across the UK currently in receipt of State Pension or benefits from the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) will see their payments go up by 10.1% next year.

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.

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 underpayments average around £8,900 per person.

There are more than 20 million people across the UK claiming benefits or State Pension from the Department for Work and Pensions (DWP). Some benefits such as Universal Credit can be a lifeline for those out of work or on a low income, providing crucial financial support to cope with daily living costs.

State Pension provides essential financial support every four weeks for more than 12.5 million people across the UK, including 981,399 living in Scotland. This regular payment of up to £185.15 per week for the Full, new State Pension or £141.85 per week for the basic old 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.

Carer’s Allowance is a benefit delivered by the Department for Work and Pensions (DWP) to people across the UK who are looking after a friend or family member for at least 35 hours each week. Eligible claimants receive a weekly payment of £69.70, but if you live in Scotland, you will also receive Carer’s Allowance Supplement, an additional payment of £245.70 which is made twice each year - the next one is due in December.

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 latest statistics from the Department for Work and Pensions (DWP) show that in February this year there were 12.5 million people across the UK receiving State Pension payments, a contributory benefit which provides essential financial support every four weeks for those who have paid at least 10 years' worth of National Insurance Contributions.

A pensions expert is warning 12.5 million older people across the UK to prepare for a financial blow next week when Chancellor Jeremy Hunt delivers the Autumn Statement. Ray Black, managing director of chartered financial planning firm, Money Minder, suggests there may be “continued restrictions on State Pension uprating”, higher taxes and more controversially, an increase to National Insurance contributions from April announced on November 17.

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.

The latest figures shared by the Department for Work and Pensions (DWP) show that in February there were 22 million people across the UK claiming at least one benefit. That number includes nearly 12.5 million older people now in receipt of State Pension payments, a contributory benefit only available to those of retirement age with at least 10 years’ worth of National Insurance Contributions.

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.

The UK Government has dismissed a call by Labour to extend eligibility for free vehicle tax to include people of State Pension age in receipt of Attendance Allowance. Labour MP Seema Malhotra asked the Chancellor of the Exchequer if any recent assessments had been made into the “potential merits” of doing so.