Kathryn Tattum: All they told me when I rang up is there is a backlog. The system is so overwhelmed no one is taking responsibility
Savers who fell foul of the state pension top-ups system have accused the Government of encouraging them to make unnecessary payments, then failing to help find and refund their cash.
Untold sums of top-ups cash could be sitting in Government coffers, instead of being repaid to people who are still in the dark about what
Die Änderungen des staatlichen Rentenalters begannen mit dem Staatsrentengesetz der konservativen Regierung von 1995, das das staatliche Rentenalter für Frauen von 60 auf 65 Jahre anhob und es damit an das Alter der Männer anpasste.
Mit dem Rentengesetz von 2011 wurde das staatliche Rentenalter sowohl für Männer als auch für Frauen weiter auf 66 Jahre angehoben. WASPI hat sehr klar zum Ausdruck gebracht, wer am härtesten getroffen wurde und wer möglicherweise etwas Geld zurückbekommt.
Sie erklärten: „Aufgrund der Art und
Kate Phillips: Handed over £11,500 and nine months later was still waiting for state pension top-ups to be processed
Frustrated savers are continuing to complain of state pension top-ups chaos as the Government readies a new online service for launch by early April.
The Department for Work and Pension and HMRC must put enough staff in place to make sure the whole system does not ‘fall over’ under a new surge of top-up purchases, warns former Pensions Minister Steve Webb.
Whether it’s glorious holidays abroad, spending time with family, days on the golf course or leisurely lunches with friends, most of us have dreamt up a rosy picture of what our early years of retirement might look like.
Indeed, a record number of over-55s have called time on their careers early in the past few years, with close to 400,000 more than usual leaving the workplace, according to official figures.
Yet many who did retire early are now being forced
Ian Taylor: Paid £5,700 in July but was still chasing up his payment five months later
Desperately worried savers are contacting us in droves about huge state pension top-up payments that have gone missing for up to a year.
We highlight ELEVEN cases today of This is Money readers in despair over lost money.
Their tales reveal administrative turmoil in the system run jointly by HMRC and the Department for Work and Pensions.
Retired firefighter Ian Taylor, 65, pictured right,
Jeremy Hunt: What will the Chancellor have to say on pensions on 22 November
The Chancellor could use the Autumn Statement to win plaudits from older voters by announcing he will honour the triple lock and raise the state pension by 8.5 per cent next April.
Jeremy Hunt is more likely to reveal his plans in the House of Commons on Wednesday if he is keeping the pledge, than if he intends to fudge it with a 7.8 per cent
Redundancy normally deals anyone experiencing it a nasty emotional and financial blow, but if you are approaching retirement it can prove a well-timed opportunity.
Any accompanying compensation package can boost your pension, offer handy tax perks and allow you to overhaul your finances in various useful ways like paying off debts.
We look at ways to turn what might at first seem a setback to your advantage, with a checklist compiled with the help of pension experts. Below are their
Susan Ryan: I find it ludicrous that I would pay £824 and don’t get a receipt, acknowledgment, letter, nothing
People who spent big sums on state pension top-ups are angry their cash has apparently gone missing and they can’t get answers out of HMRC or the Department for Work and Pensions.
Opposition politicians have called the top-ups system ‘utterly shambolic’ and condemned government failures to accurately record state pension entitlement as ‘an insulting failure of basic competence’.
Susan Ryan, pictured
This will be brilliant news more than 12 million retirees who depend on the state pension for some or even all of their retirement income. Yet it could also hand more ammunition to long-term clinics of the triple lock mechanism, who claim it is unaffordable.
The triple lock, introduced by the coalition government in 2010, has boosted the incomes of millions of pensioners. It does this by increasing the state pension every year by inflation, earnings or 2.5 percent, whichever
The UK’s biggest pension tracked by the Office for National Statistics (ONS) stands at approximately £11million, a Freedom of Information (FOI) request reveals.
According to figures collated in 2022, it’s estimated that some 929,000 savers have accrued pension wealth of £1million to £2million, with 128,000 sitting on pensions worth up to £3million. Meanwhile, 46,000 investors are sitting on pensions worth more than £3million.
However, the ONS estimates people need to have a pension wealth of £374,500 to be among the
