All news on the topic: Pensions

889
Treasury vows state pension alone will remain tax-free throughout Parliament
The UK Government is committed to making sure pensioners whose only income is their pension will not pay income tax, the Treasury has said.
587
Millions face working longer as UK plans to bring forward state pension age rise to 68
Millions of people across the UK will be forced to work longer under new proposals that will see a rise in the UK retirement age brought forward.
585
Unison says fighting Reform UK must be priority as Labour faces warning
Britain’s biggest union must prioritize fighting Reform UK, Unison’s conference heard today after its general secretary urged the government to drastically change course.
559
Starmer abolishes two-child benefit cap in landmark welfare shift, lifting 450,000 children out of poverty as cost-of-living crisis bites
Chancellor Rachel Reeves announced the cap would be lifted when she delivered the budget back in November.
895
Reform UK vows to jail civil servants who knowingly granted asylum to sex offenders
Reform UK has stated it would prosecute civil servants who knowingly granted asylum to sex offenders.
787
IMF warns UK will face highest inflation in G7 as Rachel Reeves battles growing economic crisis
Rachel Reeves has faced another significant setback ahead of next month’s crucial Budget as the International Monetary Fund (IMF) warned that inflation will rise to the highest level in the G7 in 2025 and 2026.
1110
UK pension cash withdrawals hit £70bn amid budget rumours
Older savers should avoid making rash decisions about their pension cash based on "fear and rumour", experts urged this week.
1078
Rachel Reeves considers ‘stealth tax raid’ to fill £50bn gap in UK finances
Chancellor Rachel Reeves is arranging a ’stealth tax raid’ on workers in the upcoming budget as she aims to address a £50 billion shortfall in public finances, according to a report.
718
84,000 signatures back petition to increase tax threshold for state pensions
A movement asking the Chancellor to increase the tax threshold for state pensions has garnered 84,000 signatures before the Spring Statement on March 26.
885
PM says taxpayers cannot afford Waspi compensation
Prime Minister Keir Starmer has defended the decision to reject compensation for women hit by changes to the state pension age, arguing that the taxpayer "simply can’t afford the tens of billions of pounds" in payments.
801
Winter fuel cut to push 50,000 people into poverty next year
An additional 50,000 pensioners will be living in relative poverty next year as a result of cuts to the winter fuel allowance, the government’s own estimates have revealed.
765
The Chancellor’s megafunds won’t resolve our pensions crisis: much larger reform is needed
Low pension savings and growing economic threats from climate change mean most people face miserable retirements unless the government steps up its ambition.
716
DWP benefit claimants warned ’apply within three months’ to ’avoid disruption’ to payments
The DWP is contacting everyone who is being moved over to Universal Credit in stages - and when it is your turn, you’ll receive a letter in the post known as a ’migration notice’
919
HMRC warning issued to state pensioners who could get an unexpected bill
The warning has come as hundreds of thousands of pensioners across the country could be at risk of receiving a bill from the government tax department next year
857
As many as 50 Labour MPs could rebel against proposed cuts to the winter fuel allowance
Dozens said to be considering abstaining from Tuesday’s vote over pensioners’ payments, as PM says dealing with dissent is ‘matter for chief whip’
801
DWP data raises alarm over pensioners eligible for winter fuel payments but missing out
Charity Independent Age has warned a shake-up of winter fuel payments could be dangerous as new data suggests hundreds of thousands who are entitled to it could miss out
1022
New DWP state pension error could cost you £40,000 in retirement if not addressed now
Former pensions minister Sir Steve Webb has been contacted by four people who had not been awarded any inherited state pension when they retired when they should have been
938
UK state pension: ’Thousands more’ could have been underpaid
New category of widows and widowers on receiving end of DWP errors, says former minister
1154
Why does Rachel Reeves want to copy Canada’s pensions model?
There is a push to consolidate the UK local government pension scheme into a larger fund to drive investment
892
Insurance boss warns against using pensions to drive UK growth
Government must defuse ‘ticking timebomb’ of people not saving enough for retirement, says Royal London CEO
976
King’s Speech: Labour announces major pension overhaul, promising savers a £11,000 increase
Labour will introduce a new Pension Schemes Bill and says this will benefit around 15 million savers and give the average person over £11,000 more in their pension pot
812
Over £90billion worth of savings missing in ‘forgotten accounts’
Expert says missing credits on financial products don’t just vanish - they wait an eternity to be claimed
723
Labour confirms plans for Universal Credit, PIP, state pension, and cost of living support after election win
Labour has promised to "kickstart economic growth" after 14 years of Conservative Government and wants to address the rise in economic inactivity. But what does it mean for the benefits system?
1027
How Labour’s General Election victory could impact your finances - from taxes to pensions
Labour is now back in power for the first time in 14 years - so what does this mean for your personal finances? We run through everything you need to know about taxes, pensions and more
785
Morrisons workers go on strike at two warehouses amidst a pensions row
Unite union says workers are being ‘fleeced’ by supermarket’s changes to pension contribution rules