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The Latest Breaking News from Helen Morrissey

State Pension claimants set for £1,000 boost in DWP first

A State Pension rise will come into effect in line with soaring inflation rates

Liverpool Echo

Older people face spending up to 19% of State Pension income on energy bills despite £2,500 cap

Commentators warn households still face a long, hard winter despite the new energy support.

Daily Record

‘Serious leaks’ in households’ finances remain, despite new energy price cap

Households still face a long, hard winter, despite the new energy cap being set at £2,500, experts warned.

The Independent UK

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People claiming State Pension urged to check if they qualify for weekly top-up worth up to £182

New State Pension figures show 1.5 million older women are receiving less than £100 per week.

Daily Record

Pension expert urges older people to check if they qualify for weekly top-up worth up to £182

New State Pension figures show 1.5 million older women are receiving less than £100 per week.

Daily Record

How to protect your savings and pension from UK inflation

We look at some options for safeguarding your nest egg amid rising prices and interest rates

The Guardian - UK

Housing affordability in England at worst levels since 1999, says ONS

Affordability ratios in England are worse than at any point since records started in 1999, the Office for National Statistics said.

The Independent UK

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DWP State Pension warning as National Insurance change could affect payments

A major change regarding the National Insurance threshold is set to come into effect next week, and some are being warned that it may affect their State Pension

Glasgow Live

Martin Lewis issues urgent energy bill warning to every household over tariff fixes ahead of next price cap

The clock is ticking if you want to reduce the impact of the next hike.

Daily Record

Married couples over State Pension age could be due up to £278 each week from DWP

Older people living on their own could also be eligible for up to £182 each week in extra support.

Daily Record

HMRC confirms 15,000 more first-time buyers used Lifetime ISA to buy dream home in last year

Some 50,800 people have made withdrawals from their Lifetime ISA account in 2021/22

Daily Record

National Insurance change could mean people lose State Pension credits

As part of changes announced by UK Chancellor of the Exchequer Rishi Sunak to help ease the cost of living crisis, many low income workers are at risk of losing access to State Pension credits

Edinburgh Live

Warning National Insurance threshold increase could lead to state pension credits loss

It could save people £330 per year

Nottingham Post

National Insurance threshold increase this month could see people lose access to State Pension credits

From July 6, 2022, the threshold will rise by £3,000 to £12,570.

Daily Record

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Daily Record

New rule for pension providers will see people over 55 urged to get advice before withdrawing any savings

Many people are left with very little because they did not seek professional advice.

Daily Record

HMRC pays back more than £22m to older people in overpaid tax during first three months of year

HMRC processed 7,412 claims for overpaid tax between January and the end of March.

The Independent UK

Postcode lottery over care bills revealed as thousands receive no help with costs

Most will still pay thousands of pounds every year for care under new rules

Daily Record

Personal finance expert warns switching jobs to beat cost of living crisis may backfire in long run

Switching jobs boosts pay by 6.6%, but be aware of what you are giving up.

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news in one place.

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The Guardian - UK

Warning to over-55s: don’t raid your pension pot to cope with inflation

As the cost of living soars, retirement savings are being viewed as a means of settling bills. We list reasons why this should be avoided

Daily Record

People on State Pension not claiming benefit worth an average of £1,900 each year

Pension Credit has the potential to lift 440,000 older people out of poverty during the cost of living crisis.

Daily Record

Pension expert urges women to check State Pension payments for missing National Insurance credits

New State Pension figures show 1.5 million older women are receiving less than £100 each week.

Daily Record

HMRC refunds more than £22m to older people in overpaid tax during first three months of year

HMRC processed 7,412 claims for overpaid tax between January and the end of March.

Daily Record

Nine out of 10 people report increase in their cost of living during March

A quarter of households are now struggle to pay bills.

Daily Record

People on State Pension not claiming benefit worth an average of £1,900 each year

Pension Credit has the potential to lift 440,000 older people out of poverty during the cost of living crisis.

Daily Record

Family of teacher who died from Covid miss out on £100,000 pension due to legal loophole

Nick Stone, a foreign languages teacher, passed away earlier this year after a two-week battle with Coronavirus.

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