57 h. ago How much state pension could rise as some could be forced to pay tax

The state pension is set to increase in April 2026 based on the triple lock guarantee

Economics

4 d. ago Pensioner who died on Skye mountain named as pals pay tribute to 'incredible friend'

Nirmal Singh Atwal was described as "an incredible friend" and "a really, really great person".

Economics

5 d. ago One million pensioners to pay higher rate of income tax in retirement this year

The Personal Allowance will be frozen at £12,570 until April 2028.

Economics

8 d. ago State Pension payments could rise by over £550 next year under the Triple Lock

The annual State Pension uprating in April could see nearly nine million older people pay tax in retirement.

Economics

1 week ago 'I couldn't pay my mortgage after scammers stole £27,000 from my pension'

Stephen, 59, from Exeter, was one of hundreds of people who were tricked into transferring their pension cash into fraudulent schemes.

Economics

1 week ago Rachel Reeves: will Chancellor scrap tax free pension lump sums

Older savers could see more of their pensions taxed as the Treasury explores new limits 💸

Economics

2 w. ago ‘Divorce left me £14k in debt as a single mum but now I own my own home'

The 42-year-old felt her life was over and was forced to use her pension to pay off some of her debts

Economics

2 w. ago DWP paying up to £749.80 every month to people with stomach issues

The Department for Work and Pensions is said to pay £187 per week to those with certain health conditions. For those with this stomach issue, you could be entitled to a monthly £750

Economics

2 w. ago Inheritance tax will apply to pension pots... even if workers die before retirement as Rachel Reeves tries to fill financial black hole

The Chancellor announced last year that retirement savings will be subject to the levy from April 2027.

Economics

2 w. ago Millions of people over State Pension age set to pay tax in retirement this year

HMRC estimates 8.7 million pensioners will pay tax for the 2025/26 financial year.

Economics

3 w. ago Dire economic crosswinds mean Rachel Reeves must raise income tax

Editorial: Despite interest rates being brought to their lowest level in more than two years, a combination of meagre economic growth, high government spending and U-turns over proposed welfare cuts has trapped Labour in a fiscal straitjacket. But the chancellor must remember that good policy is good politics

Economics

3 w. ago Rachel Reeves needs to put up taxes to cover £40bn deficit, thinktank says

NIESR suggests a rise of 5p in the pound on basic and higher rate of income tax would fill the budget gap Rachel Reeves will need to raise taxes to close a government spending gap that is on course to reach more than £40bn after a slowdown in economic growth and higher-than-expected inflation, according to a leading thinktank.In a blow to Labour’s hopes of balancing the books without breaking manifesto commitments ruling out personal tax rises, the National Institute of Economic and Social Research (NIESR) said a number of factors would knock off course the chancellor’s plans to stay within Whitehall spending limits. Continue reading...

Economics

4 w. ago Pension age debate threatens to splinter Germany’s fragile coalition

Merz walks fine line as ‘lazy Germans’ debate sparks protest and economy minister calls to raise retirement age to 70The fact that ageing Germany’s generous pension system is unsustainable is political Berlin’s worst-kept secret, but a controversial call to save it by hiking the retirement age to 70 has sparked howls of protest and threatened to destabilise the fractious government.The chancellor, Friedrich Merz, has largely sidestepped the ticking timebomb of the greying population since taking office in May, preferring instead to announce sweeteners such as tax breaks for older Germans to continue working past the retirement age. Continue reading...

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