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DWP fraud & error reporting to include state pensions for the first time since 2005 - why?


| UPDATED: 16:39, Mon, Mar 1, 2021
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Universal Credit, pension credit and other benefit statistics are regularly released by the DWP, with the department publishing details about the levels of fraud and error in the DWP benefit system. The DWP estimates the amount of money that is overpaid and underpaid to claimants, which they detail are an important metric that is included in the department’s annual reports and accounts. ....

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State pension: Savers will need to pay NI even when they hit 35 years - check your record


Beyond personal allowances, the amount of income tax levied will be dependent on a person s income levels.
Basic rate taxpayers, those who earn between £12,501 to £50,000, will face a tax rate of 20 percent.
This will rise to 40 percent for those earning between £50,001 and £150,000, with anything over £150,000 will face a charge of 45 percent.
For those who are unsure of their NI record, the Government provides free-to-use tools on their website which allow people to see how many qualifying years they have and check on what they ll get in retirement.
Do you have a money dilemma which you d like a financial expert s opinion on? If you would like to ask one of our finance experts a question, please email your query to personal.finance@reachplc.com. ....

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State pension UK: Payments can be boosted after being claimed - deferment rules explained


| UPDATED: 09:24, Mon, Jan 11, 2021
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State pension payments can be as high as £175.20 per week for those who have collated at least 35 years of National Insurance contributions. However, the payments can be even higher than this if retirees decide to defer claiming their pensions. ....

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