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Related Articles from SNS
Married pensioners could be eligible for extra DWP payment worth £4,300 a year
Married pensioners could be eligible for extra DWP payment worth £4,300 a year Here's how to check if you qualify for the additional support Married pensioners may be eligible for additional funds from the Department for Work and Pensions (DWP). You might not be aware that you could qualify for Pension Credit, on top of your State Pension. Nearly 1.4 million older people across Great Britain are currently receiving Pension Credit, a means-tested benefit that can provide an average of £4,300...
State pension rise to 67 in June for people born in these years
State pension rise to 67 in June for people born in these years The state pension age is the earliest date you can get your state pension but millions of people will now have to wait longer to claim The state pension age is rising to 67 - with millions of retirees being impacted. The state pension age is the earliest date you can claim your state pension.
Workers given 5 per cent pension warning as you could be losing out
Workers given 5 per cent pension warning as you could be losing out Money Saving Expert has warned people not to opt out of their workplace pension or drop contributions below five per cent Workers have been issued a five per cent pension warning, as they risk "throwing away free cash". You could be missing out on vital funds without even realising it. In the UK, most people have access to two types of pension: the State Pension and a workplace pension.
DWP reminder to check State Pension age as rise to 67 begins
DWP reminder to check State Pension age as rise to 67 begins The State Pension age is gradually increasing from 66 to 67 Brits are being urged to check their State Pension age as the long-awaited increase from 66 to 67 is now under way. The change commenced in April and means people born in the early 1960s may not retire at 66, with their State Pension age instead determined by their date of birth. The State Pension age is rising from 66 to 67 between now and March 2028.
State pension alert as claimants 'edging closer' to HMRC tax liability
State pension alert as claimants 'edging closer' to HMRC tax liability The qualifying rules for the state pension are currently changing A major tax reform is set to be implemented shortly, impacting state pensioners. The key policy change will change the tax burden for certain pensioners. Labour announced in the Autumn Budget 2025 that it would change the tax allowance rules so that those receiving only the state pension without additional increments would be exempt from income tax.
State pension HMRC alert as millions could end up paying more
State pension HMRC alert as millions could end up paying more Growing numbers of state pensioners may face HMRC tax bills A HMRC levy affecting millions of state pensioners has been condemned by a prominent union. Growing numbers of state pensioners may face HMRC tax bills due to fiscal drag, with the triple lock - which guarantees an annual state pension rise - pushing them closer to the tax-free allowance threshold. The personal tax allowance has remained frozen at £12,570 since 2021 -...
Treasury statement on major change to tax on the state pension
Treasury statement on major change to tax on the state pension State pension payments increase each year in line with the triple lock The Treasury has issued a statement about tax on the state pension ahead of a major change coming in soon. The Government announced a new policy on the issue in last year's Autumn Statement. As the state pension increases each year in line with the triple lock, more pensioners are being dragged into paying income tax.
Grandparents could claim £6,000 State Pension boost from HMRC
Grandparents could claim £6,000 State Pension boost from HMRC The pension top-up is worth around £300 a year Grandparents looking after their grandchildren could be entitled to additional money on top of their pension. Older individuals caring for children under 12 during term-time or school holidays may qualify to boost their State Pension payments through Specified Adult Childcare. Specified Adult Childcare can enhance your pension by more than £6,000 over a typical 20-year retirement by...
New £268,275 cash alert for UK pension savers
New £268,275 cash alert for UK pension savers There are several widespread misconceptions about the rules for taking tax-free cash from pensions that could prompt savers to make the wrong decisions with their retirement savings Millions of employees could be making serious errors with one of the most valuable benefits of pension saving. Experts caution that confusion surrounding the regulations on pension tax-free cash is causing some savers to make hasty decisions that could leave them...
State pension age rising DWP confirms 11 key birthdates impacted
State pension age rising DWP confirms 11 key birthdates impacted The state pension age is rising from 66 to 67 in stages and when you can claim depends entirely on when you were born The age at which millions of Britons can claim their state pension is beginning to climb to 67 this year - with the adjustments already underway - but experts have clarified that it hinges on your date of birth. The current state pension age stands at 66, but this will gradually rise over the next two years...