Starting 2025, the full new State Pension in the UK is set to rise to £230.25 per week, marking a 4.1% increase from the previous rate. This adjustment aligns with the government’s triple lock commitment, ensuring pensions grow annually by the highest of inflation, average earnings growth, or 2.5% . Eligibility Criteria for the Full … Read more
Millions of UK residents relying on state pension payments could be facing an unpleasant surprise. According to the latest updates, changes in the state pension age, along with rising inflation and potential tax liabilities, may cause future pension pay-outs to be less than expected. This could significantly impact financial planning for retirees who assumed a full state pension at 66. How Much … Read more
In May 2025, the UK government is issuing an updated £230 weekly state pension payment to eligible pensioners as part of its annual state pension adjustment. Managed by the Department for Work and Pensions (DWP), this increase reflects the latest rise under the triple lock guarantee, which ensures pension payments grow in line with the highest of inflation, wage growth, … Read more
As May 2025 approaches, benefit recipients across the UK should be aware of changes to payment schedules due to upcoming bank holidays. The Department for Work and Pensions (DWP), His Majesty’s Revenue and Customs (HMRC), and Social Security Scotland have released updates on when benefits will be issued, with early payments confirmed for key dates … Read more
The Department for Work and Pensions (DWP) has recently identified over £800 million in state pension underpayments, affecting thousands of retirees across the UK. This revelation has sparked widespread concern, particularly among women and older pensioners who may have been underpaid for years without realizing it. Here’s a full breakdown of the situation, who is affected, and what steps retirees … Read more