Tag: pension
People face red tape and 243 questions to access Pension Credit and Winter Fuel Payments
The problem has emerged following the decision by the Chancellor Rachel Reeves to axe the winter fuel payment, worth up to £300. …
How to make your child a millionaire by taking advantage of tax perks
Experts say utilising tax-free investments from birth including Individual Savings Accounts and SERPS give the chance to make massive savings …
Unlock financial benefits: How state pension boost adds £3,900 to yearly income
The DWP is urging people to help family members, friends, neighbours and loved ones check if they could be entitled to the income boost …
Online tool launched by DWP to help pensioners claim an extra £434 a month
Attendance Allowance is a benefit administered by the Department for Work and Pensions which offers state pensioners either £72.65 or £108.55 each week. …
Move to cap tax-free pension lump sum to £100,000 could cost retirees more than £70,000
Currently, workers can take out a maximum sum of £268,275 without paying tax, which many people count on to pay off debts, such as mortgages. …
State Pension back payments of £5,000 due for women in their 60s and 70s by end of 2025
The Treasury is working with the Department for Work and Pensions to correct any administration errors as quickly as possible and letters are being sent out …
Pension pots could be boosted by £46k as Labour urged to make key change
Changes could help many across the UK significantly boost their pension pots for the future. …
The common pension mistake that could cost up to £1.2bn and force you to work years longer
The worrying issue could cost pensioners “billions of pounds more” when the pension dashboards are introduced. …
Death tax bills set to surge with Budget raid taking thousands from the bereaved
The total raised from what has become known as Britain’s most hated tax in the three months rose 9 percent to £2.8 billion. …
‘Messy’ pension rule change allowed Brits to move over £1billion overseas without tax bill
A unique loophole allowed thousands to shift their pension savings overseas without the lifetime allowance tax charge. …
