Thousands of older people missing out on £5,000 State Pension this year due to frozen payments

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Proposals in an online petition calling for State Pension to be paid to all people in retirement at the same rate as the National Living Wage is now due an official response from the UK Government after passing the 10,000 signature threshold. The proposal would see some 12.6 million pensioners receive £364.70 each week - equivalent to just under £19,000 a year.

One in seven people aged 65 and over are turning to loans and credit cards to make ends meet during the cost of living crisis, according to a recent survey by Independent Age. The charity said its research suggests many people over State Pension age are struggling alone and racking up debt as costs escalate.

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State Pension provides essential financial support every four weeks for 12.6million 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 old 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.

The cost of living crisis continues to squeeze millions of household budgets this year despite the lower energy price cap and inflation finally starting to drop. The UK Government’s cost of living payments have already provided lump sums of £301 for families on means-tested benefits and £150 for those claiming disability benefits.

The latest figures from the Department for Work and Pensions (DWP) show at the end of November 2022, there were 410,637 people across Great Britain receiving Attendance Allowance support for arthritis, making it the most-claimed for health condition by people over State Pension age. Nearly 37,000 older people in Scotland are receiving either £68.10 or £101.75 each week in extra financial support along with more than 1,100 living abroad.

The Department for Work and Pensions (DWP) now estimates that 165,000 older people have been underpaid their State Pension by £1.2billion due to historical errors affecting mostly married women, widows and those aged over 80. It also estimates that 210,000 people may have been underpaid a further £1.3billion due to historical issues relating to Home Responsibilities Protection (HRP).

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State Pension is a contributions-based benefit that provides essential financial support for 12.6 million older people across Great Britain, including more than one million living in Scotland. Of that overall total, more than 1.4million people are also receiving additional support through Attendance Allowance.

New analysis by Standard Life, part of Phoenix Group, using the MoneyHelper annuity tool, has calculated the pension pot needed to secure a ‘minimum’, ‘moderate’ and ‘comfortable’ standard of living in retirement. Retirees 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.

State Pension currently provides a regular income for 12.6 million older people across Great Britain, including more than one million living in Scotland. The payment is delivered by the Department for Work and Pensions (DWP) to those who have reached the UK Government’s eligible retirement age, which is now 66 for both men and women, and have paid at least 10 years' worth of National Insurance contributions.

More than 1.4 million people over State Pension age are receiving regular financial support for a health condition through Attendance Allowance, including 127,399 living in Scotland. The benefit is worth either £68.10 or £101.75 each week and is designed to help older people with additional daily living expenses stay in their own home for longer.

In August 2022 there were more than 17,000 care homes registered across the UK, consisting of private care homes, voluntary care homes and public care homes run by local authorities and the NHS. The figures show that there are a total of 1,025 in Scotland, 14,535 in England, 1,024 in Wales and 405 in Northern Ireland.

A new online petition is calling on the UK Government to “permanently scrap green levies on all energy bills” which could see the average household pay an extra £170 from this month, despite the implementation of Ofgem's lower price cap on July 1. Petition creator Sophie Corcoran argues that the levies are “unnecessary” and “expensive” during the ongoing cost of living crisis.

An energy giant forced a gran to pay ­thousands of pounds extra by wrongly calculating her bills for seven years.

The latest statistics from the Department for Work and Pensions (DWP) show that State Pension currently provides regular financial support for 12.6million older people across the country, including nearly one million retirees living in Scotland. This payment is available for those who have reached the UK Government’s eligible retirement age, which is currently 66 for both men and women, and have paid at least 10 years' worth of National Insurance Contributions.