State pension underpayments: 134k pensioners owed £9k each in huge DWP error | Personal Finance | Finance

State pension payments are crucial for many retirees, with a number of pensioners being reliant on Government support. Unfortunately, thousands of pensioners found themselves with underpaid pensions in recent months and years and following an investigation into underpayments of state pensions from the NAO, further light has been shared on what caused More...

by S.P. | Published 5 hours ago
By S.P. On Tuesday, September 21st, 2021
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Fears for over 55s affected by Covid as they face being hit by pension saving restrictions | Personal Finance | Finance

According to latest figures from the Pensions and Lifetime Savings Association (PLSA), 7.3 million British people have a defined contribution pension but it is unknown how many over 55s have been dipping into More...

By S.P. On Monday, September 20th, 2021
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Parents quit their jobs to help daughter pursue YouTube stardom – kid now worth over £73m | Personal Finance | Finance

The rise of child stars like Diana and Roma have been a hypothetical gold mine for toy manufacturers, app creators and many other industries aimed at children, once they are able to put familiar faces like Diana’s More...

By S.P. On Monday, September 20th, 2021
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Britons face losing vital DWP benefits by withdrawing money from pension pots | Personal Finance | Finance

Notably, people under the state pension age are affected in two major ways when withdrawing money from their retirement funds. Firstly, if pensioners end up with more savings, this results in a noticeable capital More...

By S.P. On Sunday, September 19th, 2021
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Furlough warning: 1.4million Britons ran out of money BEFORE payday last year | Personal Finance | Finance

Mr Mair said: “These are staggering figures, and show the extent of financial insecurity across the country. “The reality is a lot of people are one big unexpected bill, or a sudden drop in income, away More...

By S.P. On Sunday, September 19th, 2021
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What to ask your employer about your workplace pension – Don’t miss out on extra £278,000 | Personal Finance | Finance

After data from the Office for National Statistics last week revealed a buoyant post-pandemic jobs market, Becky O’Connor, Head of Pensions and Savings at interactive investor, has given her top tips on what More...

By S.P. On Saturday, September 18th, 2021
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DWP warning: Massive changes to Universal Credit & PIP assessments – what YOU need to know | Personal Finance | Finance

In reaction to these concerns, the Government has been looking into ways to improve the assessment process for benefit claimants. During the pandemic, the DWP halted in-person appointments due to Government-mandated More...

By S.P. On Saturday, September 18th, 2021
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Increase state pension payments by hundreds of pounds – could you get lump sum? | Personal Finance | Finance

Many people assume they must begin drawing their state pension from when they reach state retirement age, but by deferring, it may be possible to receive a larger amount when one eventually does take their state More...

By S.P. On Friday, September 17th, 2021
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Not state pension age? Withdrawing your pension could mean you miss out on extra cash | Personal Finance | Finance

Accessing one’s pension early may seem like a potentially attractive option to boost finances in the short-term, especially during the uncertain economic times that are still ongoing as a result of the COVID-19 More...

By S.P. On Friday, September 17th, 2021
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State pension fury: Scrapping triple lock risks fuel poverty and ‘betrays pensioners’ | Personal Finance | Finance

This week is pension awareness week as charities and organisations come together to educate people on how to make the most of their retirement. Multiple organisations have published research to coincide with More...