According to Age UK, those over 75 living in poverty and confined to their homes will be the hardest hit by the decision to make them pay for television licenses. Some 2.2 million over the age of 75 have a long-standing illness that keeps them mostly housebound, and being landedRead More →
On May 15, the rules governing certain people’s eligibility for the pension credit changed. Before this date, people in a couple, where one person is over the legal retirement age (SPA) and the other below, would both be eligible for the pension credit when the elderly person has reached theRead More →
MILLIONS of retirees will soon have to pay for their TV licenses, but Martin Lewis explained how to still get it for free by requesting a pension credit. The money guru appeared on ITV’s Good Morning Britain today and criticized the BBC’s decision to remove the pension benefit and optRead More →
Income tax is payable on a number of things, with earnings, most pensions, and trust income all taxable. It is not compulsory to pay tax on certain forms of income. This includes certain state benefits, dividends from company stock as dividend allowance, and bonus bond or national lottery winnings. RetireesRead More →
Japan’s rapidly aging society will face a retirement shock along with pensions, according to a government report. The country, which is now due to host this year’s G20 summit at the end of June, suffers from a major funding shortfall for its retired citizens. His financial services agency found thatRead More →
Universal credit is a payment that can be made to help cover your living expenses. You may be able to claim it if you have a low income or do not have a job. For those who have reached state retirement age, different types of benefits, such as state pensionRead More →