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The Latest Breaking News from Steve Webb

UK state pensions: are older retirees getting a bad deal?

People who receive the new state pension can get thousands a year more than those on the old basic scheme

The Guardian - UK

Are 25-year UK mortgages a thing of the past?

Younger homebuyers are turning to ultra-long loans, prompting fears over the risk to their finances and the wider economy

The Guardian - UK

Anglo American rejects second ‘highly unattractive’ takeover approach from BHP, worth £34bn – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

From analysis to the latest developments in health,
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Rise in ultra-long mortgages ‘poses risk to UK retirement prospects’

Former pensions minister says data shows buyers increasingly forced to accept terms that stretch into state pension age

The Guardian - UK

Pensions shake-up could give employees option to pick ‘pot for life’ – reports

Plans which could enable workers to nominate a scheme they want to pay into are expected to be unveiled in the autumn statement.

The Independent UK

Women pensioners could face marriage allowance ‘mayhem’, warns former minister

As the state pension rises, some women could be faced with an unexpected tax bill, Sir Steve Webb said.

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

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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

‘Every effort’ must be made to track down those owed missing pension money

It is ‘truly shocking’ that so many people went underpaid because of errors on their record for time spent at home with children, Sir Steve Webb said.

The Independent UK

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

State pension underpayments: are you getting the right amount?

Women over state pension age are being urged to check their records after a series of errors by the Department for Work and Pensions (DWP) were discovered.

The Week

Back to the stone age: the sustainable building material we’ve all been waiting for…

It’s strong, plentiful and fireproof, as well as beautiful, yet stone has long been supplanted in the building industry by energy-consuming steel, concrete and brick. A trio of advocates for this age-old material say it’s time for a rethink

The Guardian - UK

Big change to child benefit could help thousands of parents avoid HMRC fines

People earning more than £50,000 a year and their partners will not need to fill in self-assessment tax form

The Guardian - UK

Savers set for £1,000 a year pension boost under plan to invest in UK start-ups

Jeremy Hunt agrees deal with UK’s leading pension providers to invest more in British start-ups

The Independent UK

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Daily Record

State Pension back payments could be a ‘long process’ for 187,000 older women due average of £5,000

Mums in their 60s and 70s have been underpaid £1.3billion in State Pension due to historical Child Benefit errors.

Daily Record

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.

The Guardian - UK

Benefits claimants in UK were underpaid by record £3.3bn last year

National Audit Office criticises Department for Work and Pensions over its ‘material fraud and error’

Chronicle Live

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.

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Daily Mirror

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

Manchester Evening News

Thousands to receive letter from HMRC telling them they are owed money

Thousands of people could be missing out on key portions of their state pension

The Independent UK

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

8.5m people aged 65 and over are income tax payers

The knock-on-impact of high inflation and frozen tax allowances may have pushed more people aged 65 and over into paying tax, experts suggested.

The Guardian - UK

Fancy a top-up? Why the time is right for a £60,000 pension boost

People now have almost two years to improve their state pension substantially by filling in any gaps in national insurance contributions

Daily Record

Widowed older women may be due State Pension back payments of up to £11,500

A former pensions minister urged women on the Basic State Pension to contact DWP.

The Independent UK

£670m of state pension underpayments recorded in financial year ending 2023

The proportion of claims that were underpaid remained at six in 100 claims, according to Department for Work and Pensions figures.

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