Topic filter : State Pension

Most trending topics in Business & Finance ( last 24 hours ):
Billionaire Supermarket Asda Carbon Emission Flight Farming Brexit Holiday Thomas Cook Energy Supplier Infrastructure Commission Heathrow Bailout Banking Euro General Election Election Fraud Compensation Career Pharmaceutical Skilled Worker Hedge Fund Millions Of Pounds Co-op Pound Pension Conservatives Conservative Letting Agent The Queen Tenant

Socially Most Trending News

.... “If you look at what the triple lock does, it has a ratchet effect, because pensions go up by the higher of inflation or earnings, and in some years it will be one, in some years it will be the other,” he told journalists in Westminster. “But over a period of time, it will mean that a greater and greater share of GDP goes to paying the state pension, even without any increases in pensioner numbers, because that’s just the way it works. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 06:15:54 PM
Total Trend count
7
Most trending on :
6 1

Latest Finance News related to State Pension

DUP Deal: Pension Triple lock and Winter Fuel Allowance SAVED image
Source : Daily Express [Read Article] Monday 26th of June 2017 12:23:00 PM
.... . Under the deal, plans to remove the state pension triple lock and means-test the Winter Fuel Allowance have been axed. ...
Triple lock on pensions will go eventually, says pensions secretary image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:15:54 PM
.... “If you look at what the triple lock does, it has a ratchet effect, because pensions go up by the higher of inflation or earnings, and in some years it will be one, in some years it will be the other,” he told journalists in Westminster. “But over a period of time, it will mean that a greater and greater share of GDP goes to paying the state pension, even without any increases in pensioner numbers, because that’s just the way it works. ...
REVEALED: 5 simple tricks to increase your pension and BEAT threatened cuts after election image
....3. Top up your state pensionOver-55s should can boost their state pension payout by hundreds of pounds a year using a generous government scheme. ...
British workers are missing out on ‘buy one, get one free’ pension offer image
.... You can open the account any time between the ages of 18 and 40 and earn a bonus each year until you reach 50. 3 Added yearsYou must pay national insurance for 35 years to qualify for the full new state pension of £159. ...
Britain looks set for a politically hot summer but what is the future for your finances? image
....One benefit of post-electoral uncertainty is that it may delay reforms to the UK pension system that might have cost retirees dear. Jon Greer, head of retirement policy at Old Mutual Wealth, says the Conservatives were the only party planning to abolish the triple lock on pensions from 2020, which guarantees the state pension will rise in line with either prices, inflation or 2. ...
Dementia tax: Tory-DUP coalition could take care cost reforms off agenda, says ex minister image
...."The most we are likely to see is further tinkering as the government looks to fill its budget shortfall with further salami slicing of pension tax relief for higher earners. “The new Government will also shortly need to make up its mind about future changes to the state pension age, and the loss of a majority in the Commons means that the more aggressive increases which the Treasury would have preferred are now probably off the table. ...
Election 2017: Hung parliament WORST possible outcome for pensions, say experts image
....The 2017 election result means there is set to be a period of huge uncertainty over retirement policies as a new Government forms and how the issues of pension and retirement are dealt with. Labour and Conservative policies over the state pension triple lock and the state pension age differ hugely in the election manifestos. ...
General Election: Four ways the result could affect expats in the EU image
Source : Daily Express [Read Article] Wednesday 7th of June 2017 04:02:00 PM
....Pensions. Your state pension is likely to be affected by the result of the election. ...
How will the General Election affect your money? Pensions, savings and tax compared  image
....Anyone with an incomes above £123,000 facing a paying over half of all earnings with a 50 per cent income tax. State pension triple lock Labour has promised to maintain the triple-lock, which means the state pension will rise each year by the highest of 2. ...
Job opportunities should not wither as we age | Katie Allen image
Source : Guardian [Read Article] Sunday 4th of June 2017 01:06:00 PM
....This raises the key point that we are no longer in an age where people cease work in their sixties, expecting to enjoy only a short retirement before they die. Instead, those who get the state pension will on average spend almost a third of their adult life in retirement, as John Cridland noted in his recent government-commissioned review of the state pension age. ...
More than half of those retiring in 2017 are doing so early, says survey image
Source : Daily Express [Read Article] Friday 2nd of June 2017 12:01:00 AM
. Some 60 per cent of those planning to give up work in 2017 are doing so earlier than their projected state pension age, or company pension scheme retirement date, Prudential found. ...
Reality Check: The fight over women's state pensions image
Source : BBC [Read Article] Monday 29th of May 2017 02:29:06 PM
. During the election campaign politicians have been keen to pledge support for women born in the 1950s who have been angered by rises in the age at which they qualify for a state pension. ...
REVEALED: Trick to boost state pension in loophole that could soon be closed - ex-minister image
....People can top-up their state retirement income by thousands of pounds using the scheme, according to ex-minister Steve Webb, who is now director of policy at Royal London. Anyone who won't receive the full state pension, which pays £159. ...
Tax on test: do Britons pay more than most? image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
.... The Irish taxpayers don’t even get an equivalent to the UK’s National Health Service for all this tax, having to pay €50-€65 for each GP visit, and €2,000 a year for family health insurance ­policies. However, they enjoy a relatively high – at £192 a week – basic state pension. ...
Winter Fuel Allowance: Tory means-testing to give 'trivial' savings, blasts IFS image
.... . The think-tank also said another Tory plan to drop the triple-lock on the state pension would have little benefit to Government coffers. ...
IFS to voters: you have a choice between the 'undeliverable' or 'unworkable' image
....The IFS gives the prime minister half a cheer for making an attempt to get to grip with the cost of an ageing population. But it notes that the scrapping of the triple lock on the state pension and the means-testing of the winter fuel allowance would make a trivial difference to spending. ...
Call to raise retirement age to at least 70 image
Source : BBC [Read Article] Friday 26th of May 2017 12:02:45 PM
...."We must address it now or accept that its adverse consequences will haunt future generations, putting an impossible strain on our children and grandchildren," he said. In the UK the state pension age is due to rise from 65 in 2018 to 68 by 2046. ...
Tories and Labour not being honest with voters: IFS image
Source : BBC [Read Article] Friday 26th of May 2017 08:21:41 AM
.... changing this would require finding several billion pounds extra from somewhere," the IFS said. The Conservative commitments to replace the "triple lock" on the state pension with a "double lock" from April 2020 and means-test winter fuel allowance payments represent a "very modest change", according to the think tank. ...
What's the best way of paying off my interest-only mortgage? image
Source : Guardian [Read Article] Thursday 25th of May 2017 06:00:21 AM
.... I have two Isas and am thinking of starting another. Our monthly income is £3,500, made up of my flexi retirement salary, local government pension, state pension and my wife’s teacher’s pension. ...
The financial benefits of getting married in retirement image
Source : Daily Express [Read Article] Tuesday 23rd of May 2017 07:53:00 PM
. The number of people over the state pension age who are cohabiting is rising rapidly but they could face a financial sting in the tail, according to a new report from insurer Royal London. ...
'Ordinary' people image
Source : BBC [Read Article] Monday 22nd of May 2017 11:27:59 PM
.... . This trend is being driven by rising life expectancy, the progress of the large baby boomer generation through their careers and policy changes like the increasing state pension age. ...
The tax that pensioners should pay to fund care image
Source : Guardian [Read Article] Saturday 20th of May 2017 05:59:17 AM
....But that doesn’t take away from the fact that the increasing cost of care for the elderly needs to be found somewhere, and it would be unfair for the young to shoulder all the burden. One of the oddities of the tax system is that we stop paying 12% national insurance on our earnings once we reach state pension age. ...
Winter fuel allowance: Will I still get my winter fuel payment under a Tory government?  image
...."Winter Fuel Payments are paid per household so any means-test will presumably have to take account of all of the pensions, investment income, property income and earnings of all household members which will add to the complexity. "If there is concern about richer households getting payments then they could be made taxable or simply added to the state pension which is already subject to tax. ...
Election 2017: Conservative pension and triple-lock policy explained image
Source : Daily Express [Read Article] Thursday 18th of May 2017 02:47:00 PM
....". The Conservatives have also confirmed the state pension will continue to rise as planned. ...
Election 2017: State pension triple lock battle lines drawn image
Source : BBC [Read Article] Thursday 18th of May 2017 02:32:16 PM
. Pensions experts say Conservative plans to reduce the generosity of the state pension are a risk, but widely anticipated. ...
General Election 2017: State pension could be cut by £800 a year under Labour policy image
.... The hike, due to take place between 2044 and 2066, would affect people currently between the age of 18 and 37, translating to around 18million people. Cancelling the rise between 2026 and 2028 would mean around 650,000 people would receive the state pension earlier, Royal London found. ...
Theresa May will cause more poverty than Thatcher, Gordon Brown warns image
....”. Brown said poverty was set to rise even among pensioners, a group that is protected by the triple lock, a guarantee that the state pension will rise by inflation, average earnings or 2. ...
Labour would scrap rises in pension age image
Source : BBC [Read Article] Thursday 11th of May 2017 02:59:31 PM
. A leaked draft of Labour's election manifesto rejects increases in the state pension age above the age of 66. ...
State pension chaos: Near impossible to know entitlement, say experts image
Source : Daily Express [Read Article] Thursday 11th of May 2017 01:07:00 PM
....It is almost impossible for anyone to work out how much they will receive under the new system introduced last year, according to pension professionals. The single state pension was supposed to replace a myriad of rules and make it easier for people to understand their entitlement. ...
Rock bottom interest rates destroy pension pots as £10m forced to delay retirement past 65 image
....It means that more than 1. 2million people are likely to retire with little or nothing to supplement the state pension Work forever Younger people, so-called “Millennials”, face a million pound pension shock, according to separate research from international advisory firm Mazars. ...
Macronomics image
Source : BBC [Read Article] Monday 8th of May 2017 07:46:22 AM
....However, he also wants to make unemployment benefits available to groups currently not eligible, including the self-employed, entrepreneurs and farmers. And while other European countries look to force people to work longer before being entitled to state pensions, France's official retirement age of 62 will be unchanged. ...
German finance minister hails progress in Greek economic reforms image
Source : Guardian [Read Article] Sunday 30th of April 2017 04:21:39 PM
....The interviewers said Schäuble had praised Greece’s progress on reforms. He also said that thanks to a tough negotiating stance from Greece’s creditors, Athens had agreed to reform state pensions in order to fit the economic circumstances. ...
General election 2017: May says Tories would not raise VAT image
Source : BBC [Read Article] Sunday 30th of April 2017 09:26:03 AM
....But extra funding is needed for schools, hospitals and social care - so whoever wins the election, the money will need to be found from somewhere. On the Marr show, Mrs May suggested the "triple lock" protecting the state pension could be changed, saying state pensions would continue to rise, with details of how this will be calculated to be revealed in the Tories' manifesto. ...
Poorest face ‘double whammy’ if Tories ditch triple lock on pensions image
. Plans to ditch the triple lock on the basic state pension would represent a “double whammy” for the poorest pensioners, many of whom have already lost out under this month’s new flat-rate pension, according to a leading pension expert. ...
Triple-lock: Call for pensions policy to be revamped image
Source : BBC [Read Article] Sunday 30th of April 2017 02:11:29 AM
....One of the key figures behind the introduction of the triple-lock pension policy is calling for its revamp. Steve Webb, pension minister from 2010 to 2015 and now a director at mutual insurer Royal London, has proposed a "middle way" on state pension policy. ...
Pensioners will carry on hoarding cash if state won’t step in image
Source : Guardian [Read Article] Saturday 29th of April 2017 04:00:03 PM
. The row brewing over the state pension triple lock plays into a wider debate about incomes and wealth in old age and how, as a society, we adapt to the escalating costs of improved life expectancy, increasing care costs and, crucially, property prices. ...
Exchange rate fluctuation is MORE of a threat to expat’s pensions than losing triple lock image
....While your pension payments are likely to keep going up - and only change once a year - GBP/EUR exchange rates are constantly fluctuating and weakness in the market can short-change you by much more than a change to the triple lock would. For example, in the 2015-16 tax year state pension rose 2. ...
Pensions triple lock: what you need to know image
Source : Guardian [Read Article] Thursday 27th of April 2017 01:39:07 PM
. Theresa May is considering replacing the “triple lock”, which guarantees a minimum increase in the state pension each year, with a less generous “double lock” commitment in the Conservative party’s general election manifesto, and spending some of the money saved on social care. ...
UK should axe state pension for rich people, says OECD image
Source : Guardian [Read Article] Thursday 27th of April 2017 07:15:15 AM
. Britain should stop giving the state pension to the rich and instead spend the money on benefits for the poor, according to the Organisation for Economic Co-operation and Development. ...
Theresa May weighing up cheaper 'double lock' for pensions image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:00:47 PM
. Theresa May is seriously considering replacing the “triple lock”, which guarantees a minimum increase in the state pension each year, with a less generous “double lock”, and spending some of the money saved on social care. ...
What does the snap election mean for your finances? image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 01:10:00 PM
....Pensions are likely to be a key electoral battleground, with Labour’s Shadow Chancellor John McDonnell issuing a pension “pledge card” before the election was called. This promised to protect pensioner perks such as free bus passes and the winter fuel allowance, help women affected by the rising state pension age, and extend the pensions “triple lock” to 2025. ...
Put just £40 a week aside to enjoy a happy retirement image
Source : Guardian [Read Article] Saturday 22nd of April 2017 06:00:06 AM
.... Or little more than three coffees from Pret. Don’t underestimate the value of the new state pension. ...
Philip Hammond signals ditching of Tory 'no tax rise' pledge image
Source : Guardian [Read Article] Friday 21st of April 2017 12:58:04 PM
....7% of national income to international aid. But the prime minister did not commit her party to the so-called triple lock for pensioners, which ensures that the state pension rises by the higher of the inflation rate, average earnings or 2. ...
PENSION CRISIS: Women LAGGING behind in huge pensions gap image
Source : Daily Express [Read Article] Wednesday 19th of April 2017 12:01:00 AM
Millions of Britons say property is their pension - but fifth yet to buy image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 04:32:00 PM
.... "The majority of Generation X find themselves in the unenviable position of being too young to benefit from generous defined benefit pension schemes and too old to receive the full benefits of automatic enrolment. “They need support in understanding how their pension, property and any other savings might top up their state pension to give them a decent income in retirement. ...
The older expats facing poverty – thanks to Brexit and frozen pensions image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:00:27 AM
....Figures released last year show that in September 2014, there were 1. 24 million people receiving a state pension outside the UK. ...
Pension CRISIS: Just one in five of Britons expect to stop work by 65  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 03:15:00 PM
....More than half of people think they will continue working into their later years, with a lack of savings thought to be blocking many from starting retirement. Just one in 10 believe they will immediately stop working after reaching state pension age, with a similar number expect to have already retired, according to research by pension provider Aegon. ...
Fears for state pension: Over-55s believe vital income could be SCRAPPED by Government image
....The Government is looking at ways to cut the state's pension bill, with reforms to saving tax perks widely expected in the coming years. Concerns have also been raised over the so-called triple lock on state pensions for future pensioners, after it was labelled "unsustainable" by the Work and Pensions Committee. ...
The lost generation: ‘I’m 30-something and still depressed and broke’ image
.... After she gives me the £2,000 I feel guilty, but less so when I interrogate her finances. It turns out she has thousands of pounds of savings (including redundancy money from being laid off by Northern Rock); she works part-time at a Marks & Spencer; she gets a state pension (she’s 66 years old); she gets a final salary pension; she gets a winter fuel payment (£200); and she gets a free bus pass, which she doesn’t use as she’s got a BMW. ...
‘Cruel’ benefit cuts put pressure on grieving families image
Source : Guardian [Read Article] Saturday 1st of April 2017 05:59:17 AM
.... It was a huge relief to discover she was entitled to claim bereavement benefits until her youngest child Elliot, who was six when his dad died, leaves full-time education in up to 13 years’ time. This “benefit” is based on Philippe’s 20 years of national insurance contributions – it’s the money he paid into the state pension system from which he will now never claim. ...
Pension crisis looms as one in five Britons has no savings for their old age image
Source : Daily Express [Read Article] Tuesday 28th of March 2017 01:37:00 PM
.... . Two thirds of workers couldn't even guess how much state pension they might get and 40 per cent didn't know at what age they'd become eligible. ...
Lords call for the banks to get back to basics image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:02 AM
....95 a month), plus other fees, and it is also not covered by the Financial Services Compensation Scheme. There is also the Post Office Card Account, which you have to apply for by phone and is described as “an easy way to receive state pensions, benefits and tax credits without a bank account”. ...
Pensions mistakes of the past must be avoided, says John Cridland image
. Mistakes of the past must be avoided when telling people of any rise in their state pension age, the author of a major review has told the government. ...
John Cridland gives his first broadcast interview about his pension proposals image
. John Cridland, author of a major review into the state pension, talks to the BBC's Money Box about his proposals. ...
Related to :
Pension protection shake-up: Retirees FURIOUS over plans to cut scheme image
Source : Daily Express [Read Article] Friday 24th of March 2017 12:01:00 AM
. A review of the age at which people can receive their state pensions also recommended the axing of the ‘triple lock’ which guarantees that pensions rise by the same as average earnings, the consumer price index, or 2. ...
State pension age must rise again, says report image
Source : Guardian [Read Article] Thursday 23rd of March 2017 06:11:18 AM
. Millions of people in their late 30s and early 40s look set to have to work for an extra year after an official review recommended pushing up the state pension age (SPA) more quickly than previously planned. ...
State pension age could be raised to 70, says report image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:05:44 AM
. Two separate reports for the government have raised the possibility that millions of people may have to work longer to qualify for a state pension. ...
Number of women working past 70 in UK doubles in four years image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 01:05:53 PM
....”. Many women also do not get the full state pension because of gaps in their national insurance contributions, caused by career breaks to raise children or to care for elderly relatives. ...
The women still working into their 70s image
Source : BBC [Read Article] Wednesday 22nd of March 2017 12:06:12 AM
.... . Despite changes to the state pension for new retirees, many women have not qualified for the full payout owing to gaps in their national insurance contributions during career breaks to bring up children or other reasons. ...
New bombshell for self-employed: pay 400% more NICs… or lose state pension image
. Jane Clark, a self-employed maths tutor who earns around £2,500 a year, faces a 400% increase in her national insurance contributions (NICs) if she wants to retain her right to a state pension. ...
Philip Green's lavish party for his 65th ends exile from social circuit image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:27:49 PM
.... But even if partygoers ordered off-menu, they would have struggled to have equal the £6m tab for Green’s 60th, when guests were flown to an exclusive resort in Mexico for a four-day blowout. Green’s milestone birthday means he is officially a state pensioner, a status that entitles men of his age a pension of up to £155. ...
Household incomes crept up last year, DWP figures show image
Source : BBC [Read Article] Thursday 16th of March 2017 11:20:14 AM
....A number of reports and previous data have shown that income growth has been faster among pensioners than working-age people since the financial crisis. This has led to widespread debate over the future of the triple-lock - a promise made to pensioners that the state pension will rise in line with prices, wages or 2. ...
Over-55s urged to wise up on pension advice image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 10:43:00 PM
....Four in 10 people over 40 admit they have no idea how much they need to set aside to enjoy a comfortable retirement , according to separate research from Saga Investment Services. One in 10 thinks a £25,000 pot will be enough to give them a basic retirement of just under £7,000 a year, on top of their state pension. ...
Pension trick could see Britons rake in HUNDREDS of pounds EVERY MONTH if done by April 5 image
. The top-up scheme allows anyone who missed out on the new state pension introduced last year to exchange a lump sum of cash for generous index-linked income for life. ...
Philip Hammond defends scrapping national insurance rise for the self-employed image
....Class 4 NICs, the rate paid by self-employed people, were due to rise from 9% to 10% next April and 11% in 2019, to narrow the gap with employees, and prevent the tax base being eroded as self-employment becomes more widespread. Hammond continued to defend the policy, which he said would have helped to address the fact that the self-employed pay less tax than employees, despite receiving many of the same benefits, including, from April next year, the same access to the state pension. ...
The Falklands war hero fighting for his state pension image
Source : Guardian [Read Article] Saturday 11th of March 2017 06:59:27 AM
....Roger Edwards risked his life for his country in the Falklands war, taking part in some of the conflict’s most hazardous operations, including the SAS raids on Pebble Island and Goose Green, and the retaking of South Georgia. So how has the UK government repaid him for his service? By freezing his state pension so it will never increase again. ...
Budget tax rise image
Source : BBC [Read Article] Thursday 9th of March 2017 01:40:23 PM
....So, what does this all mean? . Workers - whether they are employees or self-employed - pay National Insurance to qualify for certain benefits, such as the state pension. ...
Philip Hammond's budget is a long way from tackling future challenges | Larry Elliot image
.... As Andrew Harrop, general secretary of the Fabian Society, has pointed out, real spending on non-pension social security will fall 6% by 2021, which will translate into lower living standards and less spending power for families. “As a share of GDP welfare spending will fall to the lowest level since 1991, excluding the state pension and support for the unemployed, undoing all the good work new Labour did to tackle child poverty,” Harrop added. ...
Few will spot the difference in national insurance – at first | Patrick Collinson image
....Yet too many taxpayers will know family members or former colleagues who have set up on their own and are gleefully paying a much reduced tax bill. It was justifiable, perhaps, when the self-employed could only qualify for the basic state pension, while employees paying higher NI qualified for the top-up state pension as well as the basic one. ...
Budget: National Insurance rise criticised image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:42:03 PM
....Self-employed people have traditionally paid lower NICS than employees, as they receive fewer state benefits. But the chancellor said the self-employed now had equal access to the new state pension. ...

Page rendered in 2.0353 seconds.