Category : Search result: defined benefit pensions

Retirees Face £1bn Pension Tax Shock: HMRC Under Fire for Emergency Tax Raid

Retirees Face £1bn Pension Tax Shock from HMRC

HMRC is accused of 'highway robbery' as new data reveals over 10,000 pensioners a month are hit with emergency tax on withdrawals, with many waiting months for refunds. Experts demand urgent reform to the 'cruel' system.

UK Government Clamps Down on Foreign Child Benefit Claims: New Powers to Stop 'Milk Round' Fraud

UK clamps down on foreign child benefit fraud

Ministers launch a major crackdown on families fraudulently claiming UK child benefits for children living abroad. New data-sharing powers with foreign governments aim to save taxpayers millions.

Liz Kendall Urged to Overhaul 'Cruel' Pension Rules Leaving Retirees Thousands Out of Pocket

Liz Kendall urged to fix 'unfair' pension rules

New Work and Pensions Secretary Liz Kendall faces immediate pressure to reform the 'net pay' pension anomaly, which unfairly penalises low-earners saving for retirement. Campaigners demand swift action to end this injustice.

UK Slashes Child Benefit for Families Abroad: New Rules Explained | The Guardian

UK slashes Child Benefit for children living overseas

Exclusive: The UK government is implementing a major crackdown on Child Benefit claims for children living overseas. The new 'UK link' test could see thousands of families lose crucial financial support. Here's what you need to know.

August Bank Holiday DWP Payment Dates: Urgent Warning for Universal Credit Claimants

Bank Holiday DWP Payment Warning for Universal Credit Claimants

Millions of Universal Credit and benefit claimants across the UK are being alerted to crucial changes in payment dates due to the upcoming August Bank Holiday. The Department for Work and Pensions has issued guidance to ensure recipients avoid financial d

UK's Shocking £7600 Pension Gender Gap Revealed: Are Women Being Shortchanged?

£7600 Pension Gender Gap Exposed in UK

A damning new report exposes a massive £7600 annual pension divide between men and women in the UK, highlighting a severe retirement crisis for female workers.

More Than 100 Women's Groups Demand Keir Starmer Scrap Two-Child Benefit Cap in Open Letter

100+ Groups Demand Starmer Scrap Two-Child Benefit Cap

A powerful coalition of over 100 women's rights and poverty organisations has issued a stern demand to the incoming Labour government, urging Sir Keir Starmer to abolish the controversial two-child benefit limit, branding it a 'vile policy' that plunges f

UK Families to Pocket Up to £20,000 Yearly Under Major Tax Shake-Up

Budget to give UK families up to £20,000 a year

Exclusive: Chancellor Jeremy Hunt's Spring Budget to revolutionise child benefit system, lifting the 'unfair' High Income Child Benefit Charge threshold and boosting household incomes for millions.

Inheritance Tax Shock: Pension Pots Could Be Hit If You Die After Retirement

Pension pots may lose inheritance tax protection

Millions of workers face a potential inheritance tax bombshell as pension pots may no longer be exempt if passed on after retirement. Experts warn of significant financial implications for families.

DWP Sends Urgent Letters to Pensioners: Are You Affected?

DWP Sends Urgent Letters to Pensioners

Thousands of pensioners are receiving urgent letters from the DWP about potential changes to their payments. Here’s what you need to know.

State Pension Shock: Thousands of New Claimants Face Unexpected Tax Bills

State Pension claimants hit with surprise tax bills

New figures reveal that over 8,500 people claiming the State Pension for the first time were hit with surprise tax demands from HMRC. Experts warn retirees to check their tax codes to avoid unexpected bills.

State Pension Set for Major Boost: Triple Lock Could Deliver £900 Annual Increase

State pension could rise by £900 next year

Millions of UK pensioners could see their state pension payments rise by up to £900 next year thanks to the triple lock guarantee. Here's what you need to know.

State Pension Clash: Why You Can't Claim Both Benefits at Once

State Pension benefit clash explained

Millions of Brits face a critical choice as overlapping State Pension and certain benefits is not allowed. Here's what you need to know to avoid financial pitfalls.

DWP Confirms £8,300 State Pension Boost for Millions – Are You Eligible?

DWP confirms £8,300 State Pension boost

The Department for Work and Pensions (DWP) has announced a significant increase in State Pension payments, with some retirees set to receive over £8,300 annually. Find out if you qualify for the uplift.

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