New State Pension payments may be less than older people retiring this year expect

A string of financial changes will soon be implemented across the UK as we approach the new tax year.

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A new online petition is calling for an increase to the Basic State Pension weekly payment rate so that it matches the New State Pension. The latest figures from the Department for Work and Pensions (DWP) show there are now 12.6 million people across Great Britain receiving State Pension payments, including more than 992,000 living in Scotland.

An estimated 19.2 million families and 39.8 million individuals across Great Britain currently in receipt of State Pension or benefits from the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) will see their payments go up by 10.1 per cent next month. However, due to payments made in arrears most people will not see a difference until May.

The latest figures from Social Security Scotland show that at the end of February, 2022 there were 124,081 people living in Scotland receiving additional financial support through Attendance Allowance. Across Great Britain, there are now more than 1.5 million people over State Pension age getting either £61.85 or £92.40 each week through the benefit.

The UK Government has announced delays to a planned timetable which will eventually allow people to view all their pension pots, including State Pension, online in one place. The Department for Work and Pensions (DWP) said that more time is needed for the complex build of pensions dashboards to be set up.

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Biffy Clyro frontman Simon Neil’s new side project Empire State Bastard have shared their first teaser of music.The project, which also includes Biffy’s touring guitarist Mike Vennart, posted a short clip on Instagram today (February 24), which you can listen to below.Neil previously spoke about the project during an In Conversation video chat with NME, where he said he had four albums lined up with Biffy Clyro, Marmaduke Duke, Empire State Bastard and Tippie Toes.He said at the time: “We’ve got the new Biffy record, Marmaduke Duke’s ‘Death Of The Duke’, then we’ve got Tippie Toes which is a mong-ageddon drone project where you can just take some valium and chill out, and then a grindcore extreme metal album called ‘Empire State Bastard’. Honestly, it’s the one thing getting me through not touring – just knowing I can spend the year making new music.”A post shared by Empire State Bastard (@esb666_)Neil continued: “I like putting myself in these positions where I’m like, ‘I should never be doing this, so this is what I’m going to do’.

The Department for Work and Pensions (DWP) has been urged to do more to clarify when people can expect to retire and receive their state pension.

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.

The latest figures from Social Security Scotland show that at the end of February, 2022 there were 124,081 people living in Scotland receiving additional financial support through Attendance Allowance. Across Great Britain, there are now more than 1.5 million people over State Pension age getting either £61.85 or £92.40 each week through the benefit.

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The latest statistics from the Department for Work and Pensions (DWP) show that by the end of October, there were more than three million people across the UK claiming Personal Independence Payment (PIP), including 329,334 living in Scotland. The figures also show that nearly half a million people of State Pension age are also in receipt of PIP.

A pensions deadline is approaching that could cost anyone between the ages of 45 and 70 thousands of pounds if missed, Martin Lewis has warned. The money saving expert issued the plea on the Martin Lewis Podcast, after missing his regular ITV slot due to family commitments.

Basic and New State Pension payments will soon increase by 10.1 per cent for some 12.6 million older people across the country, including around one million living in Scotland. The honouring of the Triple Lock rule means that older people are set for an income boost of up to £75 per month from April.

New figures released by the Department for Work and Pensions (DWP) show that at the end of August 2022, there were 1.4 million people receiving Pension Credit, representing a total of 1.6 million beneficiaries in total, including partners.

The Department for Work and Pensions (DWP) has announced its changes to weekly rates for many benefit payments.

The annual benefits uprating was approved in Parliament last week, which means that most benefits and State Pension will rise by 10.1 per cent in April. During the debate before the Social Security Benefits Up-rating Order 2023 was submitted to the House of Commons, several MPs called on the UK Government not to forget the plight of WASPI women.

An estimated 19.2 million families and 39.8 million individuals across Great Britain currently in receipt of State Pension or benefits from the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) will see their payments go up by 10.1 per cent later this year.

There are several changes in circumstances that people receiving Personal Independence Payments (PIP) must tell the Department for Work and Pensions (DWP) about or risk losing their benefit entitlement and having regular payments paused. Changing your name, doctor, health professional or address do not need to be reported to the DWP and will have no impact on your payments or your award.