State Pension is rising to £815 next month but more help needed for older people

Ireland News News

State Pension is rising to £815 next month but more help needed for older people
Ireland Latest News,Ireland Headlines
  • 📰 Daily_Record
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 89%

Charity calls for more financial help for older people despite State Pension rising to £815 each month

Age UK is calling for more financial assistance to be given to older people following the Chancellor’s Spring Budget on Wednesday. Jeremy Hunt outlined a plan focused on growing the economy and getting more disabled, older and unemployed people into work.

It’s important to remember that the UK Government has already confirmed £37 billion in cost of living support which is due to start being paid to those on a low income this Spring. Commenting on the Budget, Caroline Abrahams, Charity Director at Age UK, said: "The standout measure for older people in the Budget was the thoroughly welcome decision to extend energy bill support to June, which Age UK and many others have been campaigning for.

Top Money Stories Today Ms Abrahams highlighted the “pressing need for a lasting solution for the wild fluctuations in energy bills” that millions of households have seen over the last year, something she said makes it “impossible for any older person to budget on a meagre fixed income”.She explained: “At Age UK we are convinced that the right approach is a properly funded energy social tariff and we are disappointed that there was no announcement formally committing the Government to this.

Commenting on the drive to get more older people back into work, Ms Abrahams said: “The measures the Chancellor announced to encourage more over-50s to stay in employment are welcome, but mostly small-scale.

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.

Budget announcements to watch for including State Pension as energy bills frozenBudget announcements to watch for including State Pension as energy bills frozenThe Treasury has confirmed that the £2,500 Energy Price Guarantee will be frozen for three months.
Read more »

Pensions: What are the lifetime allowance, state pension and the triple lock?Pensions: What are the lifetime allowance, state pension and the triple lock?A big rise in the amount some people can put into pension savings is expected in the Budget.
Read more »

New State Pension payment delay warning for people reaching retirement ageNew State Pension payment delay warning for people reaching retirement ageMen and women turning 66 this year will be eligible to claim their State Pension entitlement.
Read more »

Martin Lewis issues warning to everyone with a workplace or private pensionMartin Lewis issues warning to everyone with a workplace or private pensionIt is crucial that people paying into a pension make sure it goes to the right person if they die.
Read more »

Labour vows to reverse Hunt’s pension tax break for well-off\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 »

The British economist Kate Barker on pension schemes and inflationThe British economist Kate Barker on pension schemes and inflation“The defined-benefit and (especially) defined-contribution pensions at present on offer both create arbitrary winners and losers at times of economic disruption,” writes Barker4Kate in a guest essay
Read more »



Render Time: 2025-03-10 19:21:29