Pensions
Pension inheritors will soon face significant changes with the introduction of inheritance tax from April 2027, confirmed by the government. This means that those receiving inherited pensions will be responsible for reporting and paying the tax due, impacting thousands of estates. Families dealing with the loss of a loved one
Pensions
The Russian Federation is continuing to spread false information in the information space, wrongly attributing the non-payment of pensions to persons residing in Latvia to the Latvian side. This comes as the CF Social Fund stopped pension money transfers in 2025 without prior notice, and funds have not been transferred
Pensions
The Work and Pensions Committee has highlighted a significant problem in the UK, where thousands of people are missing out on Pension Credit, a benefit that could help them avoid living in poverty in old age. The report, which has been described as a "scandal" by an MP,
Pensions
The Chandigarh Administration has decided to transition eligible employees currently under the National Pension System (NPS) back to the Central Civil Services (Pension) Rules, 1972, aligning with a recent directive from the Government of India. This move addresses long-standing demands from government employees for the restoration of the Old Pension
Pensions
The Beijing Municipal Human Resources and Social Security Bureau has announced the 2025 social insurance benefits and minimum wage adjustment plan, aiming to improve the level of social security benefits and enhance the capital's people's sense of gain, happiness, and security. The plan includes adjustments to
Pensions
Thousands of people could be missing out on significant amounts of State Pension cash due to a government error, according to a warning from MoneySavingExpert. The error occurred because of incorrect gaps in National Insurance records, specifically those who cared for children or individuals with long-term disabilities between 1978 and
Pensions
The Institution of Mechanical Engineers Pension Scheme has successfully completed a £40 million buy-in with Pension Insurance Corporation (PIC), covering the pensions of all 200 scheme members. This milestone was achieved through the joint efforts of the scheme's Trustees, their advisers, and PIC. The scheme, which has over
Pensions
Many individuals who took time off work between 1978 and 2010 to care for children or someone with a long-term disability may be owed substantial backdated tax payments, which could amount to £10,000 or more. Martin Lewis, a renowned money-saving expert, has issued an urgent alert, warning people to
Pensions
A national strategy to tackle pensioner poverty is urgently required, according to the Work and Pensions Committee. The committee has called for a UK-wide, cross-government approach to address the issue, emphasizing that the state pension should provide a minimum, dignified, socially acceptable standard of living. Despite efforts to boost pension
Pensions
Martin Lewis has alerted individuals who had children between 1978 and 2010 that they may be eligible for substantial backdated tax refunds, with some cases resulting in payouts of over £31,000. The money-saving expert claims that hundreds of thousands of people have gaps in their National Insurance records due
Pensions
Pensioner poverty is set to worsen without major reform to the state pension system, MPs have warned, as a record 2 million pensioners are already living in poverty. The Commons Work and Pensions Committee has urged the government to set and deliver a minimum level of retirement income, enough for
Pensions
Some older people in the UK, born before April 6, 1951 (men) or April 6, 1953 (women), may be eligible for an additional form of state pension, known as the Additional State Pension. This type of pension is available only to those who claim the basic State Pension, rather than
