The Latest Breaking News from Helen Morrissey

From the State Pension age review to changes in tax allowances, there’s a lot to keep track of in 2023.

New research suggests that less than a quarter of women could cope financially without a partner’s pension in retirement.

"Almost £1.5 billion estimated to have been underpaid overall... In some cases, these underpayments have stretched back decades"

People who are over the State Pension age could be due money, according to the latest data from the Department for Work and Pensions (DWP). And whilst woman are mostly affected, it should be noted that men are too.

DWP has paid back £209.3m in State Pension underpayments since January 2021.

The amount paid back so far is a ‘drop in the ocean’ when compared to the nearly £1.5 billion estimated to have been underpaid, one expert said.

Pension Credit is set to increase by up to £28 per week from April.

New cost of living payments are on the way along with more support for energy bills.

Chancellor Jeremy Hunt confirmed that the state pension will be uprated in line with inflation at 10.1% from April 2023.

The Autumn Statement is set to confirm about £21billion of tax rises and £33billion of public spending cuts a year by 2027/28, to try and fill the £54billion black hole

Young people are set to struggle most to pay rising energy bills over coming months.