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Thousands of pensioners may have to start setting money aside to pay income tax bills if the Triple Lock uprates State Pensions by the wages growth measure next April. This is because the bumper pay rise of either 8.5 per cent (with bonuses) or 7.8 per cent (without bonuses), coupled with a frozen personal tax allowance of £12,570, could push people with an income of more than £242 per week over the threshold.

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Specific group of older women may be due State Pension back payments of around £12,383 next year

New figures published by the Department for Work and Pensions (DWP) show that by the end of October, nearly 18,000 widowed older people, mostly women, have received an average of £12,383 in backdated State Pension payments following a review of their entitlement to the contributory benefit.

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Some pensioners ‘may have to set money aside for unexpected tax bills’

Some pensioners could have to start setting money aside for out-of-the-blue tax bills, a consultancy firm is warning.

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07.07.2023 / 05:07

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Thousands to receive letter from HMRC telling them they are owed money

HM Revenue & Customs (HMRC) is set to send out letters to thousands, informing them they may be owed additional money.

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Former DWP minister warns Waspi women likely to get ‘tiny compensation’ for State Pension age change

A former pensions minister has warned the Women Against State Pension Inequality Campaign (WASPI) that they are likely to receive “tiny bits of compensation” and not the “thousands and thousands” they may be expecting once the Parliamentary Ombudsman has released its final report.

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State Pension increase next April could see 500,000 more people in retirement paying tax

The latest figures from the Office for National Statistics (ONS) show that Consumer Prices Index (CPI) inflation reached 10.1% in September. This matches the 40-year high inflation hit in July and remains well above the UK Government’s target of 2%.

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Married, divorced and widowed women over State Pension age could be due over £9,000 in backdated pay

The most recent report by the public spending watchdog on the Department for Work and Pensions (DWP) accounts has revealed that around 237,000 people over State Pension age have been underpaid a total of £1.46 billion. The National Audit Office (NAO) report said this was an increase of £429 million and some 105,000 older people on the DWP’s best estimate at the end of 2020-21.

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State Pension increase of 10.1% next April could see half a million more people in retirement paying tax

New figures from the Office for National Statistics (ONS) show that Consumer Prices Index (CPI) inflation reached 10.1% in September. This matches the 40-year high inflation hit in July and remains well above the UK Government’s target of 2%.

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Six groups of women over State Pension age may be due up to £9,500 in backdated payments

The latest report by the public spending watchdog on the Department for Work and Pensions (DWP) accounts has revealed that around 237,000 people over State Pension age have been underpaid a total of £1.46 billion. The National Audit Office (NAO) report said this was an increase of £429 million and some 105,000 older people on the DWP’s best estimate at the end of 2020-21.

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Thousands of divorced women underpaid state pension as one receives £60k refund

online tool created by Mr Webb's firm, Lane Clark & Peacock.

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Former minister urges DWP to expand State Pension underpayment search to include more older people

The scope of an administrative exercise checking and correcting State Pension underpayments should be expanded, a former pensions minister has said in a letter to the Department for Work and Pensions (DWP).

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Missing State Pension payments identified for over 100,000 older people - check and claim now

State Pension, but many may be able to successfully make a claim, according to research by consultants who previously highlighted how thousands of women are missing out on up to £13,000 in retirement pay. According to population estimates, 8.78 million people across Britain are aged 70 or over, but only 8.53 million receive a State Pension, leaving a difference of a quarter of a million people, says pension consultants LCP (Lane Clark & Peacock), which questioned whether they should really be missing out.

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Thousands of Brits still unaware of hidden state pension worth £4k a year

money. Former pensions minister Sir Steve Webb estimates that government failings could be leaving retirees worse off for no reason.State pension rules mean that those who don't qualify when they reach retirement age could be entitled when they become 80.

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Thousands of women on tiny State Pension could be due ‘lottery-winning sums’ in DWP back payments

Thousands of women currently receiving as little as £1 a week for their State Pension could be owed sums of money equivalent to lottery wins, a former pensions minister has said. Sir Steve Webb, who is now a partner at pensions consultants Lane Clark & Peacock (LCP), said some women may be entitled to huge refunds but could be missed by data searches currently being carried out by the Department for Work and Pensions ( DWP ).

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DWP to pay back 200,000 retired women up to £13,500 after underpaying their State Pension

underpaid their State Pension are to receive back payments from the Department for Work and Pensions ( DWP ), worth a collective total estimated to be around £2.7billion. An administration error identified in March 2020 by pensions consultants Lane Clark & Peacock (LCP), showed that underpayments affected married women whose husbands reached State Pension age before 2008 and who were unknowingly entitled to an ‘enhanced pension’ that would have boosted their monthly payments by up to 60 per cent.

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Huge north-south divide in unhealthiest places in England - see where your area ranks

Blackpool is the unhealthiest place in England, according to worrying data which reveals a gaping north-south divide.

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Thousands of divorced women claiming State Pension could be due up to £80.45 extra a week in underpayments

significant State Pension rights, a former pensions minister has claimed. Sir Steve Webb, a partner at pensions consultants Lane Clark & Peacock (LCP), said in the late 1990s and early 2000s there were around 4,000 divorces involving women aged over 60 each year in the UK with the annual numbers increasing ever since.

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Thousands of women underpaid State Pension refunded an average of £9,000 - here's how to claim

Department for Work and Pensions (DWP) has confirmed it is trawling through records to identify women due a windfall. Married, divorced and widowed women are being urged to check whether they are being underpaid their State Pension.

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DWP encourages women who may be owed thousands of underpaid State Pension to contact them

backdated State Pension payments. In May, new research found that potentially "tens of thousands of women" may be entitled to compensation and a higher rate of State Pension than they are currently receiving.

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State Pension for thousands of women is being underpaid - here’s how to check yours

"tens of thousands of women" may be entitled to compensation and a higher rate of State Pension than they are currently receiving. The findings from pension consultants Lane Clark and Peacock suggests that the issue affects women covered by the ‘old’ State Pension system.

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Thousands of women receiving State Pension could be due an extra £321 a month

A State Pension can be the main source of income for many older people and getting all the money you’re entitled to can make a significant dfference.

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Specific group of older women may be due State Pension back payments of around £12,383 next year

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