First, some good news for pensioners. Thestate pensionwill increase by 4.1% in April 2025, thanks to thetriple lock. It means someone receiving the full new state pension will get £230.25 a week, or around £12,000 a year. Those on the basic state pension will see the full amount ...
In Gordon Brown's last Budget before the general election the Chancellor gave away roughly pounds 4bn in new spending and tax cuts, targeted at children and helping "hard-working families" to juggle home and work. Pensioners were also a priority. What did the Budget mean for you? These are...
It is certainly worth applying for it. The government says that around 1.4 million pensioners are already receiving pension credit, but an estimated 880,000 households haven’t claimed the support, even though they’re eligible. The eligibility rules changed slightly for married couples and civil p...
From April 2023 working age pensioners will also be subject to the levy, whereas they were not previously. The PM claims the changes will generate £36bn for the NHS and social care services over the next three years - as they took the biggest hit during the pandemic. Although the NHS ...
There has also been a significant drop in business confidence, with only 49% of firms saying they expect their turnover to increase in the next 12 months - down from 56% in the previous quarter. This is the lowest figure since the aftermath of Liz Truss's disastrous mini bud...
Clarity needed for pensioners Finally, the minister noted the draft bill on Regulation 28 on the Pensions Funds Act will soon be published. Annexure F to the Budget seems to allow for the investment of up to 45% of retirement funds offshore, up from 30%. The wording in the Annexure is ...
The experience of the 20th century, when greater longevity(长寿) translated into more years in retirement rather than more years at work, has persuaded many observers that this shift will lead to slower economic growth, while the swelling ranks of pensioners will create government budget problems....
This article covers dearness allowance meaning, DA in salary, DA calculation, its various types, and more. It also discusses the many uses of a dearness allowance calculator.
Personally, when I see a multimillionaire televangelist asking pensioners to send him money to get into heaven, I think greed, not industriousness. Likewise, when Hetty Green had her son’s leg amputated instead of paying for proper medical care, when she clearly had the money, I think miser...
“The ratio of working people to pensioners has to at least remain stable to make sure sufficient taxes are rolling in to help pay for these burgeoning costs. But with a falling birth rate that ratio looks fragile,” she added. A report published by theInternational Longevity Centrelast year...