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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...

Daily Mirror 8d ago

DWP new pension plans update announced as £1,000s taken from accounts

DWP new pension plans update announced as £1,000s taken from accounts The government says it is "stepping in" in tackle the concerning issue The Department for Work and Pensions (DWP) has shared new plans this week that'll impact millions of people across the UK who have a pension. The proposals are designed to tackle a concerning issue that many people are facing, with some losing £1,000s. In an announcement on Tuesday, June 9, the government said pension savers will be "better protected"...

Daily Mirror 10h ago

UK savers '£3,000' HMRC tax alert for Brits to know

UK savers '£3,000' HMRC tax alert for Brits to know Pension savers are being warned about the risks of making costly errors Millions of pension savers risk surrendering thousands of pounds to tax unnecessarily as confusion surrounding retirement income choices leaves many exposed to expensive errors. Only 42% of adults claim they have a clear grasp of the options available when withdrawing money from their pension. Even amongst those aged over 55, the proportion rises marginally to 45%,...

Daily Mirror 8d ago

Capita £370M bid 40% under UK.gov estimate for Oracle HR and finance system project, court case reveals

A new court filing has revealed the UK’s Department for Work and Pensions accepted a bid from Capita to run its new Oracle-based HR and finance system at £272 million less than its own cost modelling. In March, the UK outsourcing company won the contract for running shared services for £370 million over ten years. The central government department had earlier produced a "Should Cost Model" — designed to protect against a bias towards low bids — which provided a total price of £642 million,...

The Register 5d ago

DWP replaces three benefits with up to £3,500 lump sum - full list

DWP replaces three benefits with up to £3,500 lump sum - full list The Department for Work and Pensions (DWP) is handing out up to £3,500 as a one-off lump sum to eligible Brits The Department for Work and Pensions is distributing a £3,500 lump sum to certain families following a major benefit change. According to DWP regulations, you may qualify for Bereavement Support Payment if your partner has passed away. This benefit has superseded three previous benefits: Widowed Parent's Allowance -...

Daily Mirror 9d ago

I found my cousin nearly $30,000 in ‘lost’ money. Then I discovered who was holding it

A few months ago, I was poking around Colorado’s unclaimed property database when I spotted a familiar name: my cousin Jonathan. The listing was maddeningly vague. It showed his name, an old address and one slippery little phrase: "over $250."That could mean $251.

Fox News 4d ago

PIP assessment rule change DWP issues statement on claimant rule pledge

PIP assessment rule change DWP issues statement on claimant rule pledge DWP has made a response over Personal Independence Payment claimants over automatic reassessments An update has been issued for anyone receiving personal independence payment regarding the possibility of being referred for a fresh assessment. New legislation has taken effect in recent weeks which affects people claiming certain benefits including Personal Independence Payments (PIPs). The so-called "Right to Try" change...

Daily Mirror 6d ago

'Spain has talent; the challenge is funding and solving problems'

At Ibiza Tech Forum 2026, Pilar Carrato explains why scale, financial discipline and exits are vital for Spanish startups, and shows founders how to turn ideas into success. The startup ecosystem is facing a crucial reality check at the Ibiza Tech Forum 2026. Beyond big ideas and technological disruption, the viability of any early-stage project depends on its financial architecture and on its capacity to scale.

Euronews 7d ago

DWP benefit payment dates for June 2026 confirmed

DWP benefit payment dates for June 2026 confirmed Households are being urged to check what cost of living support they can claim Households are being encouraged to verify what support remains available as the DWP confirms crucial benefit payment dates for June. This comes as families prepare for another steep increase in bills after energy regulator Ofgem announced the energy price cap will jump by £221 annually to £1,862 from July - a rise of nearly 13%. The hike follows instability in...

Daily Mirror 9d ago

BBC expert says pension rule change means people acting 'at first opportunity'

BBC expert says pension rule change means people acting 'at first opportunity' BBC Morning Live viewers told people are acting now before the rules come in A BBC expert has told people with pensions they are currently taking money out ‘at the first opportunity’ as a major change is set to happen. Appearing on BBC Morning Live, personal finance expert Laura Pomfret explained that people are acting now before the rules come in. The change is coming about because of a change in the state...

Daily Mirror 8d ago