MoneySavingExpert News
State Pensions
Women who say they weren't given fair notice about a rise in State Pension age will NOT receive compensation, Work and Pensions Secretary Liz Kendall has confirmed today (17 December). The decision, which will leave many disappointed, goes against recommendations from the Parliamentary and Health Service Ombudsman (PHSO) to make payouts.
17 December 2024
The full State Pension is set to rise by £362.65 (4.1%) a year for most pensioners on 6 April 2025, under what's known as the 'triple lock' guarantee. Those on the full new state pension will see a rise of £474.85. Meanwhile certain benefits, including Universal Credit, are expected to increase by 1.7%.
16 October 2024
You've less than six months to check and pay for missing national insurance (NI) contributions going back to 2006, which could add £1,000s to your state pension. An online tool launched earlier this year to make the process quicker and easier for some – but HM Revenue and Customs (HMRC) has now confirmed many won't get access to it before the 5 April 2025 deadline, so it's crucial to act in good time.
15 October 2024
The state pension is set to rise by up to £460 a year (£8.80 a week) from 6 April 2025 under what's known as the 'triple lock' guarantee. But MoneySavingExpert.com (MSE) founder Martin Lewis has warned that any rise will come too late to help pensioners set to lose their Winter Fuel Payments this winter, while most won't get the maximum increase. Here's what you need to know.
10 September 2024
The state pension will rise by 8.5% from April 2024 under the 'triple lock' guarantee, meaning millions of people will receive a weekly increase of up to £17.35. Certain benefits, including Universal Credit, will also rise from next April by 6.7%. The changes were confirmed by the Chancellor as part of November's Autumn Statement.
29 November 2023
If you're in a couple and claiming Child Benefit – or you aren't claiming because one of you earns £60,000 or more a year – you could be missing out on £1,000s or even £10,000s in future state pension payments. MoneySavingExpert.com founder Martin Lewis shared the warning and explained what you can do about it, on the latest episode of ITV's The Martin Lewis Money Show Live.
28 November 2023
If you're a woman in your 60s or 70s who stayed at home to care for children before 2010, you may be missing out on £1,000s in state pension payments due to errors in your national insurance record. You don't need to do anything for the time being, though you will need to claim your missing state pension payments later this year.
13 July 2023
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