Pensions
£1.8 billion in pension credit left unclaimed - how to check if you or someone you know is eligible
A former pensions minister has urged people to use this Bank Holiday weekend as an opportunity to check if elderly relatives or neighbours are missing out on £1,000s a year in pension credit, with recent figures showing up to £1.8 billion remains unclaimed. Here's how to check if you or someone you know is eligible - and what to do if so.
28 May 2021
Martin Lewis warns of a tax trap that could cost you £10,000s off your pension
Martin Lewis has warned pension savers they could lose £1,000s or even £10,000s from their pension by falling foul of a trap that sees withdrawals taxed
19 February 2021
State pensions set to be boosted by 2.5% under triple lock
State pensions are expected to rise by 2.5% next April under the 'triple lock' guarantee – meaning an increase of about £230/year for those receiving the new state pension in full
21 October 2020
State pensions to rise by 3.9%
State pensions are expected to rise by 3.9% from next April – the biggest increase since 2012
16 October 2019
New rules to give more pension freedom protection
The Financial Conduct Authority has announced new rules and plans to help make pension choices clearer for over 50s, which it says will help up to 100,000 every year
29 January 2019
New pension credit rules could cost some with younger partners £7,000 a year
Pensioners who live in a couple will only be able to make a new claim for pension credit when both partners are over the state pension age, under new rules to come into effect in May
15 January 2019
Pension cold-calling banned
Pension cold-calling has been made illegal from today, in a bid to tackle pension scams - here's what you need to know
9 January 2019
Pension cold-calling to be banned from January
Pension cold-calling will be banned from Wed 9 Jan, in a bid to tackle pension scams
20 December 2018
Over £10 billion of benefits left unclaimed
Government figures released today show that up to an estimated £10.1 billion of pension credit, housing benefit and income support were left unclaimed in a single year
15 November 2018
Trial to help workers build £1,000 emergency savings pots
A new initiative is being trialled to help workers build emergency savings for unexpected bills and events, in the same way they add to their pension pots
13 November 2018
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National living and minimum wage to increase in April
25 October 2021![]()
The national living wage paid to workers aged 23 and over will rise from £8.91/hr to £9.50/hr from 1 April, the Government has announced. The national minimum wage for workers aged under 23 and apprentices will also rise. -
University tuition fees frozen in England for the fifth year in a row
25 October 2021![]()
Full-time students studying for an undergraduate degree at a university in England will be charged no more than £9,250/yr in tuition fees in the 2022/23 academic year, the UK Government has confirmed. -
Filing a paper self-assessment tax return? You must act now to avoid a £100 fine
25 October 2021![]()
If you're submitting a paper version of the self-assessment tax return, then the deadline to file is just days away. And if the tax office receives it later than this Sunday you will liable for a £100 fine. -
UK petrol prices hit all time highs as the price of oil more than doubles in a year
25 October 2021![]()
The price of petrol in the UK has hit a record high, peaking at an average of 142.94p a litre on the back of continued oil price rises. Motoring group the RAC says data from Sunday (24 October) shows that average prices are now at their highest level ever recorded, surpassing the previous high of 142.48p a litre notched up in April 2012. -
Energy firm gone bust? How your new firm and tariff stacks up
25 October 2021![]()
Nine energy suppliers have gone bust in recent weeks, including Igloo, Symbio, Avro and People's Energy, leaving over 1.7 million energy customers needing a new supplier.
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Five things EVERYONE should know about student finance
21 September 2021![]()
There are more myths and misunderstandings about student finance than any other subject. So in this blog is my updated 2021/22 version of the must knows, with links to far more info. -
Is it time to ban Christmas presents?
14 September 2021![]()
Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of...
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