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The Latest Breaking News from Steve Webb

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

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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

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.

Glasgow Live

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.

Daily Record

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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.

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.

The Independent UK

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

Half a million pensioners could come into the income tax net

Liverpool Echo

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.

Daily Record

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

Wales Online

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.

The Independent UK

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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

Edinburgh Live

DWP confirm which women over State Pension age are due up to £9,500 in backdated payments

The Department for Work and Pensions (DWP) has now estimated that it has underpaid at least 237,000 pensioners, in a whopping total cost of 1.46 billion pounds.

Daily Record

Six groups of women over State Pension age may be due up to £9,500 in backdated payments

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

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Liverpool Echo

Mums could be entitled to thousands after State Pension error

The DWP confirmed some women have been underpaid

Daily Mirror

More women could be missing out on thousands of pounds in state pension payments

Mothers in retirement may be getting smaller state pensions that they should do because of errors with National Insurance credits, experts say, and some are getting backpayments

Daily Record

New State Pension underpayment campaign aims to help mothers across the UK fix DWP entitlement errors

Mothers across the country may be due a lump sum in arrears and an increase to their weekly State Pension payment.

Glasgow Live

DWP State Pension claimants issued warning as mothers could be underpaid

Those who are claim state pension are being urged to check if they are being underpaid as thousands could be missing out on hundreds of pounds due to a mistake.

Edinburgh Live

Women over State Pension age urged to check if they are eligible for backdated payments

Six groups of women over the State Pension age may be eligible for money amid backdated payments after a report by the DWP revealed many have have been underpaid.

Chronicle Live

DWP reveal six groups may be eligible for thousands in backdated pension payments

The Department for Work and Pensions predict that some 237,000 over the age of State Pension may have been underpaid

Liverpool Echo

Six groups of pensioners may be in line for thousands in backdated payments

The DWP estimates around 237,000 people over State Pension age have been underpaid

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