Nearly 100,000 people have already received backdated payments averaging between £2,196 and £12,423.
The Department for Work and Pensions has published new updates on the progress of the State Pension Underpayments Legal Entitlements and Administrative Practice exercise and the Home Responsibilities Protection corrections exercise. Up to March 31, 2024, the DWP has paid arrears of £1.12 billion through the LEAP exercise and £2.2 million through the HRP corrections exercise.
Current estimates of the total arrears due through the LEAP exercise is £970 million to 133,000 pensioners and recognised a provision of £369 million, reflecting the outstanding amounts it still expects to repay. Last year it was estimated that DWP underpaid £1.17 billion to 170,000 pensioners, the final total value of the underpayments will only be confirmed by the completion of the exercise.
State Pension underpayment progress - March 2024 The number of cases reviewed, arrears identified and payments made between January 2021 and March 2024 are listed below. After May 2000, it became mandatory to include a NI number on claims so people claiming after this point will not have been affected. It is estimated tens of thousands of people are due an average of £5,000 in back payments.
Benefits DWP Retirement Pensions Personal Finance Childcare HMRC
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
– a £50 M&S table lamp and a £12 Italian-inspired t-shirtWe've found the chicest fashion, beauty and homeware buys on the high street this week – including a luxe-looking M&S table lamp, a refreshing non-alcoholic aperitif and a £12 Italian summer-inspired t-shirt
Read more »
Aussie £12 hair serum shoppers say preps tresses for a 'lovely swishy blow dry'Aussie's new SOS Super Serum just £12 on Amazon - hailed as the ultimate multi-tasker for parched and damaged hair, shoppers say it 'works wonders' on their locks.
Read more »
Primark selling 'glamorous' £12 cowboy hat that 'screams Taylor Swift'Primark shoppers are heaping praise on the 'perfect' hat they spotted online that 'screams Taylor Swift'
Read more »
Beauty buffs hail 'pain free' £12 hair brush that detangles in 60-seconds'I’ve got thick long curly hair, brushing it was a painful long experience, then I found this. It does exactly what it says on the tin and is so quick to use, I use mine in the shower and it takes less than a minute.'
Read more »
The TRNSMT-friendly £12 Amazon bag that 'looks and feels exactly like Uniqlo'The DKIIL Crescent Bag is your go-to crossbody accessory for stashing all your festival must-haves this season. Shoppers say it's a 'great Uniqlo' dupe - and it's cheaper.
Read more »
TRNSMT-approved Amazon bag that 'looks and feels exactly like Uniqlo' only £12Shoppers 'absolutely love' the DKIIL Crescent Bag that's hailed as a 'great Uniqlo dupe' - plus it's cheaper and available in more colours on Amazon.
Read more »