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The Latest Breaking News from Steve Webb

State Pension backpay as married and widowed woman could be due over £10,000

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.

Glasgow Live

DWP errors: Over 200,000 people still owed over £1.2billion back-dated pension payments

DWP says it's speeding up the process after ex-pensions minister slams delays to refunding pensioners who have been underpaid

Chronicle Live

DWP repays more than £200 million worth of missing state pensions

There had been 31,817 underpayments with a total of £209.3 million owed

Liverpool Echo

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Married and widowed women over State Pension age could be due up to £10,772 in backdated pay

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

Daily Record

Thousands waiting for DWP repayment with millions still owed

The checking process has so far paid £209m owed, but estimations say the real number could be around £1.5 billion

Liverpool Echo

£209m handed back to retirees owed state pension payments

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.

The Independent UK

State pension age could rise to 68 earlier than planned, report claims

Government says ‘no decision has been taken’ ahead of review due in ‘early 2023’

The Independent UK

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State Pension increase next April could see 500,000 more people in retirement paying tax

A significant increase in the number of over-65s paying tax is expected in 2023.

Daily Record

Married, divorced and widowed women over State Pension age could be due over £9,000 in backdated pay

The DWP now estimates it has underpaid 237,000 pensioners a total of £1.46 billion.

Daily Record

State Pension increase of 10.1% next April could see half a million more people in retirement paying tax

A significant increase in the number of over-65s paying tax is expected in 2023.

Daily Record

U-turn could cost pensioners £442 a year from next April

“A reduced pension rise, combined with a cut in help on energy bills, could be part of a ‘double whammy’ for millions of pensioners”

Wales Online

Pensions set for bumper increase after Truss says triple lock is being protected

Prime Minister Liz Truss insisted ‘we are protecting the triple lock on pensions’.

The Independent UK

Fitch predicts deeper UK recession; mortgage rates climb – as it happened

Kwasi Kwarteng brings forward release of debt-cutting plan, as Bank of England announces new measures to support pensions sector through crisis

The Guardian - UK

DWP under fire for 'inadequate' mortgage help scheme

A former Liberal Democrat MP said the 'safety net' had been 'dismantled'

Bristol Post

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Glasgow Live

Homeowners who lose their job could build up significant arrears before DWP help comes

Homeowners who end up struggling with their mortgage payments due to a job loss may have to build up significant arrears before help arrives from the Department for Work and Pensions.

Daily Record

Homeowners who lose their job may build up significant arrears while out of work before DWP help begins

People with a mortgage can only claim for help with interest costs if they are on a qualifying benefit.

The Independent UK

Homeowners who lose job ‘may face initial lack of help with mortgage payments’

People may have already built up significant arrears before help starts and eventual payments may not cover their actual costs, Sir Steve Webb warned.

The Independent UK

Momentum of the early years of workplace pensions drive ‘needs to be regained’

Automatic enrolment into workplace pensions started in October 2012.

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The Independent UK

How will mini-budget announcements affect UK households?

The Government has unveiled a raft of tax cuts as part of plans to drive up growth during the cost-of-living crisis.

Liverpool Echo

Warning to 500,000 Brits before state pension increase in April 2023

Half a million pensioners could come into the income tax net

Daily Record

State Pension increase in April could see half a million more retired people paying tax next year

A significant increase in the number of over-65s paying tax is expected in 2023.

Wales Online

Warning to 500,000 retired people over new tax payments

With a much larger pension increase expected in April 2023, a bigger jump in the number of over-65s paying tax is expected

The Independent UK

Half a million more pensioners ‘could be dragged into tax net’

At a time of soaring inflation, frozen income tax thresholds have a ‘profound effect’, according to former pensions minister Sir Steve Webb.

Chronicle Live

DWP error could mean thousands of parents are missing out on state pension cash

Parents whose children are in their 20s and 30s are being urged to check that they are receiving the correct state pension

The Guardian - UK

Cost of living crisis: cashing in pensions to pay bills could be very risky

It may be tempting to use retirement cash to meet your costs, but you need to be careful

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