The Department for Work and Pensions (DWP) has introduced a new opportunity for Britons to boost their state pension payments by up to £434 per month. The scheme, aimed at those with gaps in their National Insurance (NI) contributions, allows individuals to voluntarily top up their NI record and increase their pension entitlement. This announcement ...
Millions of UK pensioners will see a boost in their state pension payments from April 2025 as the government implements a 4.1% increase. The rise, confirmed under the triple lock system, ensures pensions keep pace with inflation, wage growth, or a minimum of 2.5%, whichever is highest. The increase will apply to both the new ...
The UK government is under mounting pressure to increase the Personal Allowance threshold for pensioners, potentially offering them a £1,000 tax break. With the State Pension increasing through the Triple Lock system, many pensioners are at risk of exceeding the current tax-free income threshold of £12,570, which has been frozen since 2021. If no changes ...