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Martin Lewis pension ’25 percent’ withdrawal warning as he says avoid costly mistake

Martin Lewis pension ’25 percent’ withdrawal warning as he says avoid costly mistake

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Bitcoin Price Prediction: South Carolina Moves Against CBDCs With Zero-Tax BTC Bill

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Tag: state pension

Finance

Martin Lewis pension ’25 percent’ withdrawal warning as he says avoid costly mistake

  • By Robertson
  • May 20, 2026

Many people mistakenly believe they can simply withdraw 25% without any more implications …

Tagged income tax, Martin Lewis, Money Purchase Annual Allowance (MPAA), pension, Pension Credit, pension withdrawal, state pension, tax implications, taxes
Finance

New £33 charge for state pensioners as ‘double repayments’ warning issued

  • By Robertson
  • May 18, 2026

Anyone who earns over threshold for winter fuel payment will pay back more this year as HMRC claws back extra for 12 months …

Tagged HMRC, HMRC repayment, Income Threshold, state pension, state pensioners, Winter Fuel Payment
Finance

WASPI compensation update over DWP ‘flat payment scheme’

  • By Robertson
  • May 17, 2026

The Ombudsman previously recommended compensation amounts up to £3,000 …

Tagged DWP, Personal Finance (section), retirement, Retirement (section), retirement age, state pension, WASPI
Finance

Older ‘Friday’ state pensioners given £440 extra cash from May

  • By Robertson
  • May 14, 2026

Older state pensioners paid on Fridays get a handy £439.40 extra cash from May, not April. …

Tagged Autumn Budget 2025, benefits, DWP, Pension Credit, Personal allowance threshold, Rachel Reeves, state pension, state pension increase, Triple lock
Finance

State pensioners born before June 28, 1960 handed automatic £200

  • By Robertson
  • May 14, 2026

State pensioners are being told they’ll be sent an automatic £100 to £300. …

Tagged DWP, eligibility criteria, HMRC, HMRC tax adjustments, state pension, Winter Fuel Payment
Finance

Charities call to end ‘punishing’ rule locking 70,000 pensioners out of support

  • By Robertson
  • May 14, 2026

Campaigners warn the rule could be the difference between heating and eating, with those affected estimated to be £7,000 “worse off” every year. …

Tagged benefits, Cost of Living, DWP, financial inequality, Independent Age campaign, mixed-age couples rule, pension, Pension Credit, pension-age support, retirement age, state pension
Finance

State pensioners with health conditions could boost income by £5,900 per year

  • By Robertson
  • May 6, 2026

Older Brits who require certain levels of care due to health conditions or disabilities could claim extra financial help. …

Tagged attendance allowance, attendance allowance information, benefits, financial help for pensioners, financial support, Health Conditions, How to claim Attendance Allowance, retirement age, state pension, state pension financial aid, state pensioners
Finance

State pensioners under 76 handed £246 a week after another triple lock boost

  • By Robertson
  • May 4, 2026

State pensioners will get at least £246 a week after the next triple lock boost kicks in. …

Tagged HMRC, Rachel Reeves, state pension, taxes, Tony Blair Institute, Triple lock
Finance

DWP State Pension payment delays from May 6 after law change

  • By Robertson
  • May 2, 2026

A law change on April 6 will affect State Pension payments from the DWP. …

Tagged 2026-2028 phasing, Department for Work and Pensions, DWP, DWP payment delays, Liz Kendall, Pension Act 2014, Pensions Act 2014, retirement, retirement age, state pension, State pension age increase, UK retirement age changes
Finance

Tax freeze sees 1m extra pensioners hit by income tax – as £20 a month alert issued

  • By Robertson
  • May 1, 2026

HMRC figures show 8.16 million pensioners paid income tax in 2023-24, over a million more than the previous year …

Tagged income tax, income tax thresholds, Pensioners income tax, state pension, Tax freeze, taxes

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