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The Latest Breaking News from LCP

Ex-minister reveals the pensions changes most likely at Budget

Higher earners could be targeted at the chancellor’s second fiscal event

The Independent UK

UK state pension: ‘thousands more’ may have been underpaid

New category of widows and widowers on receiving end of DWP errors, says former minister

The Guardian - UK

The aristocratic Brits fighting their former money managers in court

A very private family office finds itself in the middle of a nasty spat with a trio of money managers.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Number of UK income tax payers leaps by 4.4m in three years due to threshold freeze

HMRC data shows 26% more people over state pension age paying tax on earnings than in 2021-22

The Guardian - UK

8.5m people over state pension age are income tax payers

Between the tax years 2023-4 and 2024-5, there was a 660,000 increase in income tax payers over state pension age, according to HMRC figures.

The Independent UK

UK pensions warning: don’t get caught by an out-of-the-blue tax bill

State pensioners could be dragged into the tax net next year, says former minister

The Guardian - UK

Some pensioners ‘may have to set money aside for unexpected tax bills’

Frozen income tax thresholds combined with significant state pension rises may push more pensioners into paying tax, LCP said.

The Independent UK

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Pensioners set for bumper payments as triple lock puts extra £11bn strain on Treasury

Pensioners look set for a bumper state pension increase next April, amid concern the UK Government is struggling to maintain the gold-standard…

The National (Scotland)

Pensioners set for income boost but more could be dragged into tax net – experts

Earnings figures released by the Office for National Statistics on Tuesday indicate that the state pension could leap by 8.5% next April.

The Independent UK

Thousands of people to receive letter from HMRC with money owed to them

Around £1billion may be owed to people - mainly women in their 60s and 70s - after an issue affecting stay-at-home mums who made a claim for Child Benefit before May 2000.

Daily Record

DWP error means state pension claimants could be owed around £5,000

HMRC will look into National Insurance records to identify as many people as they can, before the DWP will recalculate state pensions to see if people are due arrears.

Chronicle Live

DWP underpaid 187,000 people in huge £1billion state pension error - are you owed money?

HMRC will look at National Insurance records to identify as many people as possible, then the DWP will recalculate your state pension and check if you are due any arrears

Daily Mirror

Dunelm opening huge new store in Wales

It will occupy the former M&S store space at the Cwmbran Centre

Wales Online

HMRC to write to people who may be owed additional state pension money

Women aged in their 60s and 70s are most likely to be affected, the Government said.

The Independent UK

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Birmingham Post

Dunelm opening major new store in South Wales

It has signed up the nearly fully occupied Cwmbran Centre

Birmingham Post

LCP investing more than £1m on Black Country estate refurbishment

Property group said it was on track to complete the work on a number of industrial units at the Multipark Pensnett estate in Kingswinford

Liverpool Echo

DWP statement as millions miss out on £400 cash payments

DWP errors meant around 1.3m people were underpaid a staggering £530m last year

Daily Mirror

Thousands of parents to get state pension boost under huge Child Benefit change

The High Income Child Benefit Charge was introduced in 2013 and impacts people who earn over £50,000 and claim Child Benefit

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The Guardian - UK

After the budget, here’s how to hand yourself a better pension

Jeremy Hunt’s overhaul of pension rules has been criticised for favouring the rich, but what can the rest of us do to improve our retirement situation?

Chronicle Live

State Pension rise for millions in April may see people having to pay tax on income

While the increase in State Pension payments will help offset the costs of living, it also means more older people may have to pay tax - here's why

Daily Record

State Pension increase next month could mean half a million more people in retirement pay tax

Older people on the Full New State Pension will receive £10,600 over the next financial year.

The Independent UK

People given more time to plug national insurance gaps and boost their pension

A deadline for making voluntary national insurance contributions has been extended from April 5 to July 31 after customer phonelines were busy.

The Guardian - UK

Chancellor urged to reform childcare and stop urging over-50s to unretire

UK risks ending decade with worst labour participation rate since 2001 unless action taken, says thinktank

The Independent UK

Mothers, older workers and disabled people hold the key to getting Britain back to work, think tank argues

830,000 more adults have left the workforce since the start of the pandemic than have joined it

The Guardian - UK

UK ‘barking up wrong tree’ trying to get over-50s back to work, report finds

Long-term sickness and NHS waiting lists having a bigger impact on jobs market, says consultancy LCP

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