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New figures released by the UK Government show that up to 850,000 families who were entitled to receive Pension Credit did not claim the benefit in the financial year 2019 to 2020.

A senior pensions and retirement analyst is calling on HM Revenue and Customs (HMRC) to simplify its system after thousands of older people reclaimed over £22 million in overpaid tax.

New data from the Office for National Statistics (ONS) shows that around eight in 10 eligible employees had a workplace pension in April last year despite the tough economy.

Planning for your retirement can never start too early, especially after the UK workforce experienced an unprecedented period of uncertainty during 18-months of lockdown which resulted in a staggering 11.7 million employees put on furlough.

Rishi Sunak has announced that the National Insurance Contributions starting threshold will rise by £3,000 to £12,570 from July, meaning employees across the UK will keep more of what they earn before they have to start paying personal tax.

An alarming proportion of young workers in the UK have no plans for their future retirement in place, it has been revealed. It comes after a period of uncertainty stemming from the 18-month lockdown which saw 11.7 million employees out on furlough leave, at a cost of £70 billion.

Planning for your retirement can never start too early, especially after the UK workforce experienced an unprecedented period of uncertainty during 18-months of lockdown which saw 11.7 million employees out on furlough leave, at a cost of £70 billion.

New figures released by the UK Government show that up to 850,000 families who were entitled to receive Pension Credit did not claim the benefit in the financial year 2019 to 2020.

Managing your money might require a rethink in retirement, particularly as your savings may need to stretch over decades now that people are living longer.

Planning for your retirement can never start too early, especially after the UK workforce experienced an unprecedented period of uncertainty during 18-months of lockdown which saw 11.7 million employees out on furlough leave, at a cost of £70 billion.

UK Government is being urged to "bring clarity" soon on the future of the State Pension triple lock after reports suggested that a decision on the rule, which is used to uprate pensions, is to be made this week. Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdown, said: "Any decision needs to take account of the needs of both pensioners and taxpayers.