Tag: pension
Two million people heading for pension crisis as Brits warned of ‘collapsing savings’
Millions could retire with just £15,000 a year to live on because their pension pots will be left empty, a report warns. …
Experts say these 1.6 million pensioners will be worst hit by DWP Winter Fuel cut
Experts at Lane Clark & Peacock have calculated some pensioners in the UK earn less that 60 percent of the national average income. …
Date state pension will rise £400 to £12k a year say experts
The figure is based on Treasury documents given to the BBC in what appears an effort to cool the backlash over the controversial decision to axe the Winter Fuel Payment …
‘Pension plan could see £217,000 added to nest egg’ says Standard Life
Pension experts Standard Life say raising the contributions made by workers and their employers could make a big difference to their retirement pension pot …
DWP makes major change to £200 Winter Fuel Payment
The Winter Fuel Payment is given to those who were born on or before 22 September 1958 and it should arrive between mid-November and Christmas, …
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. …
