HM Revenue and Customs is encouraging people to check their State Pension forecast using the HMRC app during Pension Awareness … Continue reading 7 million in the dark about their State Pension
7 million in the dark about their State Pension
Category: Retirement
Nursing funding boost to help better community care
Care homes providing tailored nursing care to patients in the community will benefit from a funding rise of more than … Continue reading Nursing funding boost to help better community care
Pension scheme reforms to tackle gender pension gap
Millions of working women will be better off with new measures being introduced to tackle historic gender pension gap. Millions … Continue reading Pension scheme reforms to tackle gender pension gap
Pensions Commission revived to confront retirement crisis
…to confront retirement crisis that risks tomorrow’s pensioners being poorer than today’s Almost half of working-age adults are still saving … Continue reading Pensions Commission revived to confront retirement crisis
New regime to give people the confidence to invest their pension
New targeted support regime to enable more people to make the most of their money The government to publish proposed … Continue reading New regime to give people the confidence to invest their pension
Workers in line for £29,000 boost due to pensions Bill
This Bill is set to transform the pensions landscape for years to come and put more money in people’s pockets … Continue reading Workers in line for £29,000 boost due to pensions Bill
Salary sacrifice pension attitudes
In March 2023, HM Revenue and Customs (HMRC) commissioned IFF Research to undertake research to understand the experiences, motivations, and … Continue reading Salary sacrifice pension attitudes
20 million to benefit from new Pension Schemes Bill
Millions of people across the UK will find it easier to manage and get more from their pensions thanks to … Continue reading 20 million to benefit from new Pension Schemes Bill
Payroll dates – what affects what?
PAYadvice.UK sees a number of social posts and questions around the effective payroll dates when crossing from the 2024/2025 tax … Continue reading Payroll dates – what affects what?
DWP – Autumn Budget 2024 to drive up opportunity and drive down poverty
Millions of people, including families, pensioners, carers and those struggling to find work are set to benefit from Autumn Budget … Continue reading DWP – Autumn Budget 2024 to drive up opportunity and drive down poverty
Talk Money week – 4-8 November 2024
PAYadvice.UK is supporting Talk Money Week, which aims to break down barriers and make it easier for people to share … Continue reading Talk Money week – 4-8 November 2024
Millions to benefit from modernised pensions system
Millions of workers stand to benefit from greater financial security in later life following a consultation launch Government has unveiled … Continue reading Millions to benefit from modernised pensions system
Check you’re not missing State Pension payments
Thousands of people missing Home Responsibilities Protection on their National Insurance record could boost their State Pension HM Revenue and … Continue reading Check you’re not missing State Pension payments
Putting savers at the forefront and supporting the UK economy
Paul Maynard, Minister for Pensions Minister for Pensions Paul Maynard addressed an audience at the Professional Pensions Investment Conference on … Continue reading Putting savers at the forefront and supporting the UK economy
Up to £600 winter support for pensioners
Payments of up to £600 are landing directly in the bank accounts of around 11.5 million UK pensioners for the … Continue reading Up to £600 winter support for pensioners
Check eligibility for Pension Credit as Week of Action kicks off
Minister for Pensions Laura Trott is today calling on pensioners to check if they are eligible for Pension Credit ahead … Continue reading Check eligibility for Pension Credit as Week of Action kicks off
Deadline for voluntary National Insurance contributions extended to April 2025
More time is given to pay National Insurance contributions towards State Pension. Taxpayers now have until 5th April 2025 to … Continue reading Deadline for voluntary National Insurance contributions extended to April 2025
New tipping law passed
Withholding tips from staff becomes unlawful as the Tipping Bill achieves Royal Assent, with more than 2 million workers to … Continue reading New tipping law passed
New Chair of the Money and Pensions Service
The Department for Work and Pensions (DWP) has announced the appointment of Sara Weller CBE as the new permanent Chair … Continue reading New Chair of the Money and Pensions Service
DWP leads way supporting people aged over 50 at work
The DWP has signed the Age-friendly Employer Pledge, a nationwide programme run by the Centre for Ageing Better to promote … Continue reading DWP leads way supporting people aged over 50 at work
Chancellor Jeremy Hunt’s speech at Bloomberg
In his speech Friday 27th January 2023, Chancellor Jeremy Hunt set out his vision for long-term prosperity in the UK. … Continue reading Chancellor Jeremy Hunt’s speech at Bloomberg
December 2022 Employer Bulletin
HMRC have published their December 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE Your employees … Continue reading December 2022 Employer Bulletin
New Minister for Pensions – Laura Trott
Laura Trott is the new Minister for Pensions with responsibility for pensioner benefits including the State Pension, private and occupational … Continue reading New Minister for Pensions – Laura Trott
Pensions Dashboards – coming soon to a screen near you
Monday 17th October 2022 saw regulations to enable millions of UK savers to access their pensions information at the touch … Continue reading Pensions Dashboards – coming soon to a screen near you
New pension scheme type launched
Collective Defined Contribution pension schemes, or CDCs for short, will offer an alternative to the UK’s two primary pension scheme … Continue reading New pension scheme type launched
Tens of thousands will be helped to take stock of their work, wellbeing and finances through the DWP’s “Mid-life MOT” initiative.
The Mid-life MOT is a review for workers in their 40s and 50s that helps them take stock of their … Continue reading Tens of thousands will be helped to take stock of their work, wellbeing and finances through the DWP’s “Mid-life MOT” initiative.
New support to help over 50s back into work
The government announces millions of pounds of new measures to tackle unemployment amongst the over 50s on benefits. New measures … Continue reading New support to help over 50s back into work
New measures protect pension savers from scams
New measures to protect pension savers and help stop scam transfers in their tracks became law Monday 8th November 2021. … Continue reading New measures protect pension savers from scams
Pension tax relief response – new NPA top-up
Following concerns expressed to government on a purported tax relief anomaly between the Net Pay Arrangement where tax relief at … Continue reading Pension tax relief response – new NPA top-up
Final claims for the Statutory Sick Pay (SSP) Rebate Scheme
The SSP Rebate Scheme closed on 30th September 2021 and employers have until 31st December 2021 to submit any final claims, or to amend … Continue reading Final claims for the Statutory Sick Pay (SSP) Rebate Scheme
Annual review of State Pension and Industrial Death Benefit rates
The Secretary of State for Work and Pensions explains uprating for State Pension and Industrial Death Benefit in relation to … Continue reading Annual review of State Pension and Industrial Death Benefit rates
Home Working impact on older workers
The Office for National Statistics report shows that the shift towards working from home seen during the coronavirus (COVID-19) pandemic … Continue reading Home Working impact on older workers