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The Latest Breaking News from Helen Morrissey

DWP State Pension warning as National Insurance change could affect payments

A major change regarding the National Insurance threshold is set to come into effect next week, and some are being warned that it may affect their State Pension

Glasgow Live

Martin Lewis issues urgent energy bill warning to every household over tariff fixes ahead of next price cap

The clock is ticking if you want to reduce the impact of the next hike.

Daily Record

Married couples over State Pension age could be due up to £278 each week from DWP

Older people living on their own could also be eligible for up to £182 each week in extra support.

Daily Record

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HMRC confirms 15,000 more first-time buyers used Lifetime ISA to buy dream home in last year

Some 50,800 people have made withdrawals from their Lifetime ISA account in 2021/22

Daily Record

National Insurance change could mean people lose State Pension credits

As part of changes announced by UK Chancellor of the Exchequer Rishi Sunak to help ease the cost of living crisis, many low income workers are at risk of losing access to State Pension credits

Edinburgh Live

Warning National Insurance threshold increase could lead to state pension credits loss

It could save people £330 per year

Nottingham Post

National Insurance threshold increase this month could see people lose access to State Pension credits

From July 6, 2022, the threshold will rise by £3,000 to £12,570.

Daily Record

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New rule for pension providers will see people over 55 urged to get advice before withdrawing any savings

Many people are left with very little because they did not seek professional advice.

Daily Record

HMRC pays back more than £22m to older people in overpaid tax during first three months of year

HMRC processed 7,412 claims for overpaid tax between January and the end of March.

Daily Record

Postcode lottery over care bills revealed as thousands receive no help with costs

Most will still pay thousands of pounds every year for care under new rules

The Independent UK

Personal finance expert warns switching jobs to beat cost of living crisis may backfire in long run

Switching jobs boosts pay by 6.6%, but be aware of what you are giving up.

Daily Record

Warning to over-55s: don’t raid your pension pot to cope with inflation

As the cost of living soars, retirement savings are being viewed as a means of settling bills. We list reasons why this should be avoided

The Guardian - UK

People on State Pension not claiming benefit worth an average of £1,900 each year

Pension Credit has the potential to lift 440,000 older people out of poverty during the cost of living crisis.

Daily Record

Pension expert urges women to check State Pension payments for missing National Insurance credits

New State Pension figures show 1.5 million older women are receiving less than £100 each week.

Daily Record

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Daily Record

HMRC refunds more than £22m to older people in overpaid tax during first three months of year

HMRC processed 7,412 claims for overpaid tax between January and the end of March.

Daily Record

Nine out of 10 people report increase in their cost of living during March

A quarter of households are now struggle to pay bills.

Daily Record

People on State Pension not claiming benefit worth an average of £1,900 each year

Pension Credit has the potential to lift 440,000 older people out of poverty during the cost of living crisis.

Daily Record

Family of teacher who died from Covid miss out on £100,000 pension due to legal loophole

Nick Stone, a foreign languages teacher, passed away earlier this year after a two-week battle with Coronavirus.

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Daily Mirror

Teacher's family miss out on £100,000 pension after Covid death due to law loophole

Nick Stone died at the James Paget Hospital in Great Yarmouth at the beginning of this year after catching Covid while working at the City of Norwich school, his family believe

Daily Mirror

Simple age test tells you how much you should be saving into your pension a year

Retirement preparations may not be high on your priority list right now, but a little planning ahead could make you tens of thousands of pounds better off when you eventually give up work

Daily Record

Expert warns new State Pension rates are no match for soaring cost of living

The prices of food and energy are rising even more quickly leaving many older people struggling.

Daily Record

National Insurance threshold increase to £12,570 could see people lose access to vital credits for State Pension

The increase will come into force this summer.

Daily Record

Boost State Pension payments before and after you reach retirement age - five things to check

State Pension will increase by 3.1% in April but over two million older people are receiving less than £100 per week.

Daily Record

Four pension top tips to turbo charge your retirement plans this year - whatever your age

Planning your finances now could boost your lifestyle when you retire.

Daily Record

Five ways to boost your State Pension payments before and after you reach retirement age

State Pension will increase by 3.1% in April but over two million older people are receiving less than £100 per week.

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