Older workers face a bill trap over pensions

United Kingdom News News

Older workers face a bill trap over pensions
United Kingdom Latest News,United Kingdom Headlines
  • 📰 Daily Express
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 68%

The State Pension is not paid automatically - it has to be claimed

When the £165-a-week pension is added to their earnings, many workers are pushed above the basic tax-free allowance of £11,850 and then taxed more. And then they also miss out on an extra 5.8 per cent per year on their pension for the rest of their life for each year they defer taking the state pension.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Daily Express /  🏆 26. in UK

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.

Exercising for 10 minutes-a-day is enough to save off disability from arthritisExercising for 10 minutes-a-day is enough to save off disability from arthritisArthritis sufferers can stave off disability with less than half of the weekly recommended exercise, a new study has shown.
Read more »

EastEnders spoilers: Bex Fowler and Kush Kazemi brought together by tragic circumstances?EastEnders spoilers: Bex Fowler and Kush Kazemi brought together by tragic circumstances?EASTENDERS has seen Bex Fowler’s romantic feelings for Kush Kazemi, the older brother of her deceased ex-boyfriend Shakil, blossom but with Shakil’s anniversary looming, will it bring the two closer together?
Read more »

More than 1m childless people over 65 are 'dangerously unsupported'More than 1m childless people over 65 are 'dangerously unsupported'Older people without children at greater risk of isolation, poor health and inability to access formal care – report
Read more »

Inside America's 'Dad's Army' of gun-toting veterans patrolling Mexico's border for illegal migrants and MS-13 gangs ‘until the wall is built’Inside America's 'Dad's Army' of gun-toting veterans patrolling Mexico's border for illegal migrants and MS-13 gangs ‘until the wall is built’A BAND of veterans and older men are now patrolling the Mexican border until Donald Trump builds his wall. Armed with weapons and well disciplined the militia has been compared to a “dad’s army”. T…
Read more »

Late periods and early menopause can increase dementia riskLate periods and early menopause can increase dementia riskA new study from Kaiser Permanente in California found that women who had their first period at age 16 or older were 23% more likely to develop dementia than women who were age 13 or younger.
Read more »

Would you date this 82-year-old Tinder gran who 'has sex three times a week and is BOMBARDED with offers from men under-35?Would you date this 82-year-old Tinder gran who 'has sex three times a week and is BOMBARDED with offers from men under-35?IF you have a mate who likes older women, then we’ve found the glamorous gran of his dreams. Hattie Retroage, 82, goes on three Tinder dates a week with toyboy lovers decades her junior &821…
Read more »

What really happens when a passenger dies mid-flightWhat really happens when a passenger dies mid-flightPASSENGERS dying on a flight is a lot more common than people may realise, thanks to a rise in travellers as well as older passengers. But what happens if it occurs mid-flight and what is the corre…
Read more »

Pension payouts for top bosses tumble in face of investor irePension payouts for top bosses tumble in face of investor ireCompanies scale back contributions as threat of shareholder revolt forces rethink
Read more »

State pension UK: Are there different state pensions? How to know what you will getState pension UK: Are there different state pensions? How to know what you will getA guide to how much State Pension you are entitled to. The Department for Work and Pensions reveals that it is based on National Insurance record. The full rate is \u00a38,500 per year.
Read more »



Render Time: 2025-02-23 18:03:02