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June 2019

How can I benefit from the pension credit to keep my free TV license?

2019-06-22
By: Annie W. Nanney
On: June 22, 2019
In: Pension credit

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 →

Martin Lewis explains how to get pension credit and free TV license

2019-06-13
By: Annie W. Nanney
On: June 13, 2019
In: Pension credit

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 →

UK Pensions Tax: Are government pension and pension credit payments taxable? | Personal Finances | Finance

2019-06-12
By: Annie W. Nanney
On: June 12, 2019
In: Pension credit

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 elderly will need more money for retirement

2019-06-06
By: Annie W. Nanney
On: June 6, 2019
In: Pension money

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 →

Will Universal Credit affect retirees? New pension credit rules for state pension | Personal Finances | Finance

2019-06-04
By: Annie W. Nanney
On: June 4, 2019
In: Pension credit

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 →

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