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The Latest Breaking News from Helen Morrissey

Pensions to be brought into inheritance tax scope, says Reeves

The Chancellor said pensions passed on would be included in the levy, closing a ‘loophole’ in passing on wealth when someone dies.

Evening Standard

Annuity sales jump amid improved rates ‘as pension savers rush for security’

Annuities sales increased by 38.7% between 2022/23 and 2023/24.

The Independent UK

Nearly 100,000 people ‘clobbered’ for unauthorised Lifetime Isa withdrawals

Some finance experts have called for reforms to Lifetime Isas, which help people save for their first home or their retirement.

The Independent UK

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Thousands of people ‘only receiving fraction of full state pension’

Royal London analysis found 149,317 people on the new state pension were receiving less than £100 a week.

The Independent UK

£5bn in new loans handed to older mortgage borrowers in second quarter of 2024

The total value of new later-life loans was 17.5% higher than the same quarter a year earlier, UK Finance said.

The Independent UK

UK pensions and tax: seven steps to make the most of your money in 2024

Check your state pension, and don’t leave your self-assessment return until the last minute

The Guardian - UK

State pension increase of 8.5% will be greeted with relief, say experts

With inflation starting to fall back, the rise will create much-needed space in pensioners’ budgets, experts said.

The Independent UK

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How to start a pension if you’re self-employed in the UK

It can be daunting but it is important to begin somewhere so you can top up a state pension

The Guardian - UK

Older people living on their own could be due £3,500 annual State Pension top-up

Households aged between 65-74 had an average weekly spend of £455 in 2021/22.

Daily Record

State Pension back payments could be a ‘long process’ for 187,000 older women due average of £5,000

Mums in their 60s and 70s have been underpaid £1.3billion in State Pension due to historical Child Benefit errors.

Daily Record

With interest rates soaring, can an annuity secure a happy retirement?

Once written off as poor value, sales are on the up with better returns. But many retirees remain sceptical. So are they a good option?

The Guardian - UK

New calls for State Pension Triple Lock review as sticky inflation could mean another bumper pay rise

Non-moving inflation could see annual State Pension payments increase to £11,448 next year.

Daily Record

Older people living on their own could be due £3,500 annual State Pension top-up

Pension Credit can help boost pensioner household incomes and provide access to other benefits.

Daily Record

Married older women could be due State Pension back payments of more than £6,500

The DWP estimates it has underpaid 237,000 people on the Basic State Pension a total of £1.46 billion.

Daily Record

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Daily Record

People may be able to boost State Pension without spending any money on National Insurance gap years

The deadline to boost State Pension with voluntary NI credits has been extended until 2025.

Daily Record

People due to claim New State Pension this year could boost annual payments by over £600

The New State Pension is now worth up to £10,600 each year.

Nottingham Post

Older people living on their own could be due an annual State Pension top-up

The average weekly spend for households aged between 65 and 74 was £455.30 in 2021/22

Daily Record

Six groups of older women may be due State Pension back payments of up to £11,500

The DWP estimates it has underpaid 237,000 people on the Basic State Pension a total of £1.46billion.

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news in one place.

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Daily Record

Older people living on their own could be due £3,500 annual State Pension top-up

Households aged between 65-74 had an average weekly spend of £455 in 2021/22.

Nottingham Post

DWP: Older people living by themselves could be owed £3,500 in annual State Pension top-up

Department for Work and Pensions (DWP) figures indicate 12.6 million people are now receiving State Pension payments

Daily Record

Older people living on their own could be due £3,500 annual State Pension top-up

Pensioners on a low income could also qualify for the £301 cost of living payment if they claim Pension Credit by May 19.

Daily Record

People on State Pension urged to check DWP details after £670m in underpayment errors last year

Underpayments due to official DWP errors accounted for £580m while claimant error accounted for £90m.

Nottingham Post

DWP back payments worth thousands could be owed to women over state pension age

The latest update on State Pension underpayment progress is due to be published this week

Daily Record

Women over State Pension age could be due up to £11,500 in back payments this year

The latest update on State Pension underpayment progress is due to be published this week.

Daily Record

Simple ways to boost State Pension payments as expert warns not everyone due full amount this year

Whether you have reached retirement age or not there are things everyone can check to maximise their payments from DWP.

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