As living costs continue to rise, Britons are being urged to make sure they’re claiming all of the additional financial support they’re entitled to. From April 2023, Attendance Allowance is going up in line with September’s inflation rate of 10.1 percent meaning state pensions on the higher rate will get over £400 a month. A […]
Tag: pensioners
Attendance Allowance is one of the benefit payments administered by the Department for Work and Pensions (DWP). This extra financial support is available to those who are of state pension age and long-term disabilities or health conditions. The most an Attendance Allowance recipient can get from these payments is around £370 monthly. On its website, […]
He explained: “Questions around whether the state pension should rise with inflation in what’s known as the ‘triple lock’ were constant last autumn, and now the Government is looking at whether to bring forward the planned rise in state pension age to 68. “In an environment where change is the one constant, it’s easy to […]
With an annuity, people hand over a lump sum and then are provided with a regular guaranteed income in retirement. However, previous low interest rates meant people parted with a lot of money and saw little in return. Recent rises in interest rates have caused bond yields to rise and this has led to an […]
The state pension will be increased by 10.1 percent and with inflation falling it is set to deliver a much-needed real-term rise in incomes for 13 million people. The national living wage and universal credit will also increase by 10.1 percent this spring, meaning a further seven million people will be better off in real […]
A failure to claim can be caused by numerous factors, including lack of awareness, perceived but false stigma, and thinking one may not be eligible. However, Pension Credit can be claimed fairly easily – by phone and online – ensuring older people can apply wherever they are. Martin Lewis, founder of Money Saving Expert, previously […]
The state pension triple lock has been confirmed to return in April 2023, to the delight of millions of older people. It ensures the sum increases each year by whichever is the highest of 2.5 percent, inflation or average earnings. Chancellor Jeremy Hunt has confirmed the triple lock will deliver a 10.1 percent boost in […]
State pension payments only increase each year if a person lives in an eligible country, as a rise is not a foregone conclusion. Each year, those who do not live in the UK, the European Economic Area (EEA), Gibraltar, Switzerland or a country with a specific social security agreement with the UK, end up missing […]
His remarks, alongside others he made, were acknowledged by Penny Mourdant, Leader of the House of Commons. However, for UK citizens who have chosen to live abroad in affected countries, Sir Peter’s remarks simply represent a reemphasis of arguments they have previously made. Over time, the cost of living across the world has increased, making […]
One of the conditions which Attendance Allowance could help with is arthritis and joint pain. The NHS states arthritis or other joint conditions affect millions of people in the UK, albeit in different ways. The two most common types of arthritis are osteoarthritis and rheumatoid arthritis. The benefit is designed to assist with extra costs […]