Category : Search result: US pensions


State Pension set for 4.7% rise worth £500 annually

Millions of UK pensioners are set to receive a significant income boost next year as the state pension is projected to rise by 4.7% under the Triple Lock mechanism, potentially adding over £500 to annual payments.

HMRC's Urgent Pension Tax Warning for Millions

A crucial HMRC update reveals a hidden pension tax trap affecting millions. Discover if you're at risk of unexpected tax charges and the immediate action you must take to protect your retirement savings.

Expert Reveals 3 Costly Pension Mistakes To Avoid

A leading financial expert has pinpointed the three most common pension mistakes that could slash your retirement income. Discover how to protect your savings and secure your financial future.

DWP Sends Vital Cost of Living Letters to Millions

The DWP is dispatching a vital notification to millions regarding the new cost of living payments. Here's what you need to know about eligibility, timelines, and how to spot genuine DWP correspondence.

£299 DWP Cost of Living Payment Dates Confirmed

Over eight million UK households on means-tested benefits will get a £299 cost of living payment from the DWP between 6th and 22nd February 2024. Here's who qualifies and what you need to know.

Reeves Solves £50bn Problem With Pension Tax Overhaul

Chancellor Rachel Reeves has unveiled a landmark overhaul of pension tax relief, closing a £50bn fiscal black hole and redirecting savings towards a major national investment drive. This bold move signals a dramatic shift in UK economic policy.

Pensions Stampede: Brits Rush to Avoid Labour Tax Raid

Exclusive: Financial advisers report a stampede of clients scrambling to shield retirement pots from Rachel Reeves' proposed pension tax changes. Industry leaders demand urgent clarity from the Chancellor.

Triple Lock Fails Half a Million Older Pensioners

Exclusive analysis reveals a stark generational divide as the Triple Lock mechanism fails to uplift the incomes of nearly half a million pensioners on the old state pension, creating a two-tier system for the elderly.

Hume's Super Split Bill Targets Motherhood Penalty

A radical new proposal from Senator Jane Hume could revolutionise retirement savings for couples, allowing tax-free superannuation splits to address the financial gender gap exacerbated by motherhood.

Winter Fuel Payment 2024: Full Guide to DWP Support

Everything you need to know about the tax-free Winter Fuel Payment for winter 2024/25. Check if you're eligible, find out exactly how much you'll get, and see the key payment dates from the DWP.

DWP confirms final £299 Cost of Living Payment date

The Department for Work and Pensions has officially announced the payment window for the last £299 Cost of Living support instalment. Find out if you're eligible and when to expect the crucial financial aid.

Millions Raid Pensions in UK Cost of Living Crisis

Exclusive: New ONS data reveals a worrying trend of Britons dipping into long-term savings to cover essential costs, with younger adults hit hardest. Experts warn of a future financial timebomb.

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.

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.

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