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The Latest Breaking News from Steve Webb

3.3m pension savers facing hit with salary sacrifice changes

HMRC said an estimated 7.7 million employees currently use salary sacrifice to make pension contributions.

Evening Standard

People deriving income solely from state pension won’t be taxed, says chancellor

Clarification creates prospect of two-tier system for retirees solely on new state pension and those on private schemes

The Guardian - UK

Budget 2025: your questions about your finances answered

How will new tax rates and measures affect pensions, savings, car tax and more? We look into some individual queries

The Guardian - UK

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read the most diverse news in one place.

Pensioners at Risk: Reeves Considers £6bn Tax Hike Amid Calls for Five-Year Payout Guarantee

Chancellor Rachel Reeves is tipped to target pensioners with a £6 billion tax hike, amid calls for a fairer, more secure state pension payout system for UK retirees.

International Business Times UK

Call for people who reach state pension age to be paid for five years even if they die

Sir Steve Webb, who was pensions minister when the triple lock was introduced, has urged Rachel Reeves to implement a ‘minimum guaranteed payout’ of five years

The Independent UK

State pension errors ‘could be virtually impossible to fix if records deleted’

Former pensions minister Sir Steve Webb is urging the Department for Work and Pensions to ensure records are kept for as long as they may be needed.

Evening Standard

DWP make payouts totalling £900 million after state pension errors

Concerns have been raised, however, that some state pension records could be deleted, making it ‘virtually impossible’ to correct past errors in payments

The Independent UK

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Ex-minister reveals the pensions changes most likely at Budget

Higher earners could be targeted at the chancellor’s second fiscal event

The Independent UK

Battle against state pensions gender gap ‘nearly won’ for new retirees

Government figures for recent retirees indicate that, on average, women are receiving 99.1% of the amount received by men.

Evening Standard

‘Think big’: ex-pensions minister calls for UK contributions minimum to go up

Steve Webb says long-term plan is needed as experts warn 8% of earnings is not enough for decent retirement income

The Guardian - UK

Millions of pensioners ‘dragged’ into paying higher tax rates

“The nation has fallen victim to the effects of fiscal drag” says one expert

The Independent UK

Around 1m pensioners paying income tax at 40% or above

The number of people at state pension age or older who are paying the tax at 40% or above has doubled in four years, according to HMRC figures.

Evening Standard

More than £800m of state pension underpayments identified in correction drive

Married women on low state pensions and the over-80s are among those who have been underpaid.

Evening Standard

Criticism over letters asking bereaved relatives to return pension overpayments

Sir Steve Webb said the letters from the Department for Work and Pensions do not make clear that repaying the money is voluntary.

Evening Standard

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Evening Standard

Not case for triple lock ‘indefinitely’ minister who introduced it suggests

Former Liberal Democrat MP Sir Steve Webb served as pensions minister in the coalition government, thinks there is still a case for keeping it now.

The Independent UK

Teachers, nurses and civil servants ‘could be offered higher pay for lower pensions’

Reform which could affect the NHS, schools and Whitehall and could help avoid future strikes over wages, has been branded ‘dangerous’ by some unions

Evening Standard

Watchdog hits out at Government's decision not to compensate 'Waspi women'

Campaigners branded the Government’s decision not to compensate affected women ‘bizarre and totally unjustified’

The Independent UK

Waspi women criticise ‘bizarre and unjustified’ ruling out of compensation

The Government said a blanket compensation scheme for Waspi women, which could cost taxpayers up to £10.5 billion, cannot be justified.

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The Independent UK

Principal indicted for ‘failing to protect students’ after two teachers arrested for sexual abuse

The indictment, filed in Columbia County Circuit Court, asserts that the principal “did unlawfully and knowingly withhold necessary and adequate physical care from the students of St. Helens High School.”

The Independent UK

New Pension Schemes Bill: What you need to know about the megafunds shake-up

Reforms will be introduced under a new Pension Schemes Bill next year

Evening Standard

Pension ‘megafunds’: How do they work and is bigger always better?

Reforms will be introduced under a new Pension Schemes Bill next year, as part of Government plans to boost economic growth.

The Guardian - UK

‘I despair as debts mount’: teachers’ pension delays put lives on hold

Logjam in pension pot valuations is ‘causing huge distress’ and costing money for divorcing couples

The National (Scotland)

How much state pensions are set to rise in April as Government 'face £100m bill'

The state pension increases in line with whichever is the highest of earnings growth, CPI inflation in September of the previous year, or 2.5

The Guardian - UK

Reeves mulling national insurance on employer pension contributions

Treasury officials examining potential levy that experts say could raise as much as £17bn for the exchequer

The Independent UK

State pension: Will retirees feel better or worse off in the months ahead?

Wage growth figures released on Tuesday suggest some pensioners will see an annual state pension increase of around £460 next year.

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