The Latest Breaking News from Helen Morrissey

There were 11.3% more credit card transactions in October 2022 than in October 2021, according to figures from UK Finance.

Successful new claims for Pension Credit could also qualify for the £900 cost of living payment.

Family members could use the festive period to help older relatives check eligibility for Pension Credit.

From the State Pension age review to changes in tax allowances, there’s a lot to keep track of in 2023.

New research suggests that less than a quarter of women could cope financially without a partner’s pension in retirement.

"Almost £1.5 billion estimated to have been underpaid overall... In some cases, these underpayments have stretched back decades"

People who are over the State Pension age could be due money, according to the latest data from the Department for Work and Pensions (DWP). And whilst woman are mostly affected, it should be noted that men are too.

DWP has paid back £209.3m in State Pension underpayments since January 2021.

The amount paid back so far is a ‘drop in the ocean’ when compared to the nearly £1.5 billion estimated to have been underpaid, one expert said.

Pension Credit is set to increase by up to £28 per week from April.

New cost of living payments are on the way along with more support for energy bills.