About Pension
A pension is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments.
Triple lock means state pension set to rise by 8. 5% in April
...By Kevin PeacheyCost of living correspondentThe state Pension is likely to rise by 8...
Sarah Everard: Killer Wayne Couzens should not get pension, London mayor says
...By Tom SymondsHome affairs correspondentSarah Everard s killer Wayne Couzens could be in line for a £7,000-a-year police Pension, says Mayor of London Sadiq Khan - who has called for the ex-officer to be stripped of the benefit...
Can I get a cold weather payment and how much are they?
... How does this differ from the Winter Fuel Payment? is a different benefit, paid out to Pensioners...
Why Ukraine crisis could cause global price rises
... Yet there are millions of people with a Pension - either private or through work - whose savings are invested in the stock market...
Fight for payment of UK pensions lost in Yemen warzone
...Thousands of men who left their families in Yemen in the 1950s and worked for decades in British factories before returning to their war-torn homeland say they are facing a daily struggle to survive after their UK state Pension payments were stopped without explanation...
Social care changes: How will the new system work?
... How will the changes be funded? National Insurance (NI) - which working people and their employers pay to ensure benefits like the state Pension - will rise by 1...
Why should I care if prices fall?
... However, there are millions of people with a Pension, either private or through work, who their savings (in what is known as a defined contribution Pension) invested in Pension schemes...
French reforms: Why is France the resistance against Macron, press ' s on pensions
... President Emmanuel Macron application of a fundamental Reform of the post-war Pension system reached the National Assembly on Monday, before a long period of debate...
Social care changes: How will the new system work?
A lifetime cap on the amount anyone pays for social care in England was announced by the government in September.
But it has now said any means-tested help poorer people get Will not count towards The Limit .
What is being proposed for England? People Will no longer pay More Than £86,000 in care costs over their lifetime, from October 2023The cap only covers personal care, not living costs such as food, energy bills or accommodationOnce people have reached the cap, ongoing costs for personal care Will be paid by local authoritiesPeople with assets under £20,000 won't have to contribute to care costs, compared to £14,250 at present, although they might have to contribute from their incomeThose with between £20,000 and £100,000 in assets Will get means-tested help towards costs from their local council, compared to the current upper capital limit of £23,250What is changing for poorer people?The government says it wants to ensure people get support but are than others. It said:
Means-tested help people get from their local council Only money from their own income or savings Will count towards the capHowever, critics warn people with fewer savings who qualify for financial help may end up using more of their own assets than better-off people.
The Kings Fund health charity said " those with low to moderate levels of wealth Will get less protection than wealthier people".
Announcing The Changes , the government also confirmed The Level of daily living costs people have to pay themselves Will be set at £200 per week.
How Will The Changes be funded? National Insurance (NI) - which Working People and their employers pay to ensure benefits like The State Pension - Will rise by 1. 25% from next AprilFrom April 2023, It Will show up separately on payslipsThe levy - unlike NI - Will also be paid by people who continue to work beyond retirement ageThe government says The Changes Will cost £255 a year for someone earning £30,000, and £505 a year for someone on £50,000Shareholders Will also have to pay 1. 25% more in tax on the profits they makeHow much Will all this raise? The Changes are expected to raise £12bn a yearThe government says that, for three years, all The Money Will go towards easing the NHS backlog, before more of it is moved into social careWhat about Scotland, Wales and Northern Ireland ? The government says £2. 2bn Will be made availablePersonal care, such as help with washing and dressing, is currently free in Scotland for those assessed by their local authority as needing itSome care costs are capped in WalesAnd Home Care is free for the over-75s in Northern IrelandSource of news: bbc.com
Pension Photos
