The charity, Independent Age, has rounded up all the financial changes affecting people over 66.
Millions of retirees in receipt of the New or Basic State Pension are set for a significant income boost from this month after the Department for Work and Pensions increased weekly payment by 8.5 per cent on April 8. Additional State Pension elements, such as deferred amounts, have gone up by 6.7 per cent.
State Pension age The State Pension age is now 66 for men and women. The UK Government plans to increase it to 67 between 2026 and 2028 with a further rise to 68 planned in the future. Pension Credit tops up weekly income to a guaranteed minimum level of £218.15 a week for single pensioners or £332.95 for couples.Older people, or friends and family, can quickly check their eligibility and get an estimate of what they may receive by using the online Pension Credit calculator on GOV.UK here.
In Scotland, the higher earner must usually have an income between £12,571 and £43,662 and pay the relevant rates of income tax.
Benefits DWP Personal Finance Attendance Allowance Personal Independence Payments Adult Disability Payment Disability Living Allowance Disability Benefits Tax
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Open letter urges compensation for women affected by state pension changesAn open letter signed by 28,000 people has been sent to the House of Commons Leader, calling for compensation for women impacted by state pension changes. The letter comes after complaints about the communication of these changes were investigated by the Parliamentary and Health Service Ombudsman.
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Government criticised for failure to communicate state pension changes to womenThe Parliamentary and Health Service Ombudsman criticised the Department for Work and Pensions for failing to adequately promote and explain to women born in the 1950s they would receive their state pension up to six years later. Many affected women were not made aware of the changes until it was too late, resulting in missed pension payments and abandoned retirement plans.
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DWP urged to 'swiftly' help all the women it failed after State Pension changesCampaigners are calling for a compensation payout plan to be put in place urgently.
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DWP told to pay compensation to women over state pension age changesThe Parliamentary and Health Service Ombudsman (PHSO) has said the DWP failed to adequately communicate changes to women
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Key Dates for Women Impacted by Changes to State Pension AgeMPs will have the second reading of the State Pension Age (Compensation) Bill on April 19, which aims to address the lack of resolution for the 3.8 million WASPI Women. The bill is supported by SNP, Labour, and Lib Dem MPs.
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