New State Pension payment delay warning for people reaching retirement age

Ireland News News

New State Pension payment delay warning for people reaching retirement age
Ireland Latest News,Ireland Headlines
  • 📰 Daily_Record
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 89%

This regular payment is available for those who have reached the UK Government’s eligible retirement age, which is currently 66 for both men and women

State Pension currently provides essential financial support for 12.5 million older people across the country, including more than one million retirees living in Scotland. , and have paid at least 10 years' worth of National Insurance Contributions.

DWP guidance explains: “You do not get your State Pension automatically - you have to claim it. You should get a letter no later than two months before you reach State Pension age, telling you what to do.” Deferring your State Pension could increase the payments you get each week when you decide to claim it, as long as you defer for at least nine weeks. Your State Pension increases by the equivalent of 1% for every nine weeks you defer, this works out as just under 5.8% for every 52 weeks.

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_Record /  🏆 9. in UK

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

State Pension claimants could be missing out on £369 monthly paymentState Pension claimants could be missing out on £369 monthly paymentMany people don't even realise they are eligible
Read more »

Cost of living: Call for better pension saving deal for young and low-paidCost of living: Call for better pension saving deal for young and low-paidCurrent rules disproportionately affect young and ethnic minority workers, a think tank says.
Read more »

Ministers urged to limit ‘generous’ UK pension reliefs for highest earners\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »

UK regulators failed to spot threat from pension scheme borrowing, say peers\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »

Is there a pot of pension money to rehabilitate UK plc?\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »

New and expectant mums to be protected from redundancy with new proposed billNew and expectant mums to be protected from redundancy with new proposed billNew and expecting parents in the UK will now get more protection against being made redundant while on maternity leave 🥳\\
Read more »



Render Time: 2025-03-21 10:08:51