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The Latest Breaking News on Personal Finance

Will You Pay Higher Taxes in Retirement?

Your Social Security income and RMDs will most likely combine to deliver a tax torpedo, but there are ways to reduce your income in retirement to pay less tax.

Kiplinger

May dates for DWP cost of living payments, benefits and pensions

Help still available but several key winter state support schemes have now expired

The Independent UK

Energy rebates: who will receive them and how much will bills fall under Labor’s budget measure?

The amount of bill relief for eligible households will differ depending on where in Australia you live

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

NDIS-funded disability services set for an overhaul as government seeks to slow forecast growth

Eligibility for services funded by the National Disability Insurance Scheme (NDIS) is set to be tightened as the government seeks to bank $74.3 billion in savings through trimmed growth forecasts.

ABC News

Weekly US Government Data Roundup: May 9, 2023

In 2019, about 50% of American households had no savings in retirement accounts.

USAFacts

Warning as families face bills to replace broken smart meter displays

Two in five reported problems with smart meters relate to the in-home display, but you may have to foot the bill yourself

Chronicle Live

Households could save £440 a year on energy bills from July - and fixed deals may return

Analysts at Cornwall Insight have today said they expect the Ofgem price cap to fall to £2,062.91 a year for average use from this July - that would be down from the £2,500 figure under the Energy Price Guarantee

Daily Mirror

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New State Pension pay rates this year could see older people get up to £815 each month

Millions of pensioners will receive their first full State Pension payment this month following the annual uprating.

Daily Record

Pensioners issued 10-day warning by government over cost of living payment

Hundreds of thousands of older people do not claim the pension credit they are entitled to, which could mean missing out on additional state support as well

The Independent UK

ITV This Morning's Martin Lewis issues 'don't do that' warning to anyone going on holiday

The Money Saving Expert has shared the cheapest way to spend for anyone going abroad

Liverpool Echo

10 Strategies to Consider When Retiring During a Volatile Market

If you're retiring when the stock market is volatile, there are strategies to follow to be more in control.

Kiplinger

Full list of one-off payments for families and individuals due before end of the year

Important dates to add to your diary to help plan your household budget over the coming months.

Daily Record

Inherited Retirement Plan? How to Easily Understand Payout Rules

Figuring out first which kind of beneficiary you are will make it easier to grasp the rules and timing on required distributions.

Kiplinger

DWP offers £3,500 boost as thousands rush to claim

It comes after a campaign from the Department for Work and Pensions helped to raise awareness of the free income boost

Nottingham Post

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Daily Mirror

Dad only has ONE lightbulb in whole house and takes it from room to room to save money

Single dad Martin Bongiorno, who lives in a rental property in Bateman's Bay in New South Wales, says he became strict with his personal finances after becoming dependent on compensation payments following a workplace accident.

Daily Record

Check your eligibility for £150 cost of living payment due this summer

An estimated six million people claiming disability benefits are set to receive the one-off lump sum.

Daily Record

Pension Credit myths which stop thousands of older people claiming £3,500 annual top-up from DWP

The online Pension Credit calculator can give a quick indication on whether someone may be eligible for the gateway benefit.

Daily Mirror

Woman who bought first home at 22 shares tips on how to save for a deposit in 18 months

Lauren Simpson and her fiancée Elizabeth Norman, from York, have shared their top tips on how first-time buyers can save up enough money for a deposit for a property of their own

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news in one place.

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Liverpool Echo

10 day pension warning issued over cost of living support

People have been urged to check if they qualify for the £301 payment

The Independent UK

May dates for DWP cost of living payments, benefits and pensions

Help still available but several key winter state support schemes have now expired

Chronicle Live

Good news as experts predict energy costs are set to fall in summer

Annual gas and electricity bills should tumble after 18 months of hikes, but costs remain higher than same time last year

Daily Record

New claims for Pension Credit made before next week could be due £301 cost of living payment

The deadline to qualify for the backdated payment is Friday, May 19.

Daily Record

Two million UK households missed housing or other major bill in April amid cost of living crisis

Around two million UK households missed or defaulted on at least one bill last month.

Daily Mirror

10-day warning for thousands of people to become eligible for £301 cost of living cash

Pension Credit claimants become entitled to the £301 cost of living payment if they backdate their claim by May 19 - we explain who is eligible and how to claim

The Independent UK

10 days to claim pension credit and qualify for £301 cost-of-living payment

Those who successfully claim pension credit by May 19 could also qualify for the latest cost-of-living payment, worth £301.

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