The UK state pension is set to increase in April 2025, with some key elements rising by 4.1%, while others will only see a 1.7% uplift. This guide provides a detailed breakdown of the changes, including how much extra pensioners will receive and when they can expect to see the increased payments. When Will the Continue reading
pensions
New DWP Weekly Payment Rates for 2025/26: Full Breakdown of State Pension and Benefits Increases
The Department for Work and Pensions (DWP) has announced new weekly payment rates for State Pension and benefits starting in April 2025. Millions of people across the UK, including pensioners and benefit claimants, will see an increase in their payments. Below, we break down the full list of updated rates, eligibility criteria, and when recipients Continue reading
How the Inheritance Rule Could Boost State Pensions for Over Two Million People: What You Need to Know
More than two million pensioners in the UK are benefiting from inherited State Earnings-Related Pension Scheme (Serps) payments, with over half a million receiving an annual boost of more than £5,000. This revelation, uncovered through a Freedom of Information (FOI) request by Royal London, highlights the significant impact that inherited pension entitlements can have on Continue reading
How People Over State Pension Age Living Alone Could Get a £4,200 Income Boost
The UK government is offering vital financial support to older individuals through Pension Credit, a means-tested benefit designed to boost income for people over State Pension age (66 years). If you are a single pensioner living on a low income, you could receive an average of £4,200 per year in additional financial support. The Department Continue reading
State Pension Back Payments: Women in Their 60s and 70s Could Receive Nearly £8,000 by Year-End
More than 370,000 older individuals – predominantly women – have been issued letters by HM Revenue and Customs (HMRC) advising them to check their State Pension entitlement. The Department for Work and Pensions (DWP) has confirmed that historical errors in Home Responsibilities Protection (HRP) records have led to underpayments, with an average arrears payment of Continue reading
HSBC Faces Backlash Over Withholding £978m in Pensions from Hong Kong Exiles
Thousands of Hong Kong residents who fled to the UK are facing severe financial hardship as HSBC refuses to transfer £978 million in pension savings. The issue affects former Hong Kong residents who relocated to Britain following the pro-democracy protests and the introduction of national security laws in 2021. Thousands of Hong Kong Exiles Struggle Continue reading
Cost of Living Benefits and Bill Changes in January 2025: What You Need to Know
As 2025 kicks off, a range of updates will impact Irish households, from increased social welfare payments to higher minimum wages and revised tax exemptions. This comprehensive guide breaks down all the major changes so you can plan ahead. Social Welfare Payments: A Boost Across the Board Starting January, most social welfare payments will see Continue reading
How Much State Pension Increase for 2025? Payment Dates & New Rates
The UK State Pension is scheduled to rise by 4.1% in April 2025, providing pensioners with a welcome boost to their incomes. This adjustment is part of the government’s commitment to the “triple lock” system, which ensures that pensions increase annually by the highest of three measures: inflation, average wage growth, or a minimum of Continue reading
Unlock Financial Support: How Pension Credit Opens the Door to Free TV Licences, Winter Fuel Payments, and More
The Department for Work and Pensions (DWP) has revealed that an additional 42,500 households are now benefiting from Pension Credit. This vital financial aid not only supplements income during retirement but also unlocks a host of other support measures, including free TV licences for those over 75 and the Winter Fuel Payment, worth up to Continue reading
Unlock Free or Discounted TV Licences: A Complete Guide for Eligible Individuals
Watching TV can be one of life’s simple pleasures, but did you know you might be entitled to a free or discounted TV licence? Whether you’re over 75, registered blind, or living in residential care, there are options to reduce or eliminate the cost of your TV licence. Here’s everything you need to know. Free Continue reading