Tag Archives: Universal Credit
People should be rewarded for paying to their pension when on Universal Credit
Steve’s problem this week is about what personal pension contributions mean to your Universal Credit, (assuming you are getting UC and paying PP.) This is from the Daily Mail. Here’s the problem posed to Steve I’m writing to let you … Continue reading
Posted in pensions
Tagged Daily Mail, DWP, Pensions, Steve Webb, This is Money, Universal Credit
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Guy Opperman – hard hats will be needed!
Honoured to be asked to take on this very important job. https://t.co/a89GlNqlPc — Guy Opperman (@GuyOpperman) November 7, 2022 As minister of State for employment, Guy Opperman has some immediate challenges. He inherits some of the highest employment figures we … Continue reading
Posted in pensions
Tagged auto-enrolment, Guy Opperman, Laura Trott, Pensions, Universal Credit
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‘Normal service will be resumed by the end of October 2021″ -DWP
I hope Guy Opperman’s promise that those due their state pension , some for 6 months or more, will get their payments with more than an apology. The short term blip in service is being blamed by the Minister on … Continue reading
Posted in pensions
Tagged DWP, Pension Credit, Pensions, Ros Altmann, Sir Steve Webb, state pension, Steve Groves, Universal Credit
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“My pension stole my benefits!”
Gareth Morgan has , until now, been a lone voice, howling at the moon on the plight of the low paid faced with decisions on how to spend their pension pot. “Until now” means that he is now joined by … Continue reading
Posted in annuity, auto-enrolment
Tagged annuity, Guidance, Pension Credit, Universal Credit
3 Comments
What is MAPS doing for the elderly poor?
Why don’t those poor and old claim their benefits? It’s benefits not savings that top up the in retirement income of millions of British citizens, but the amount of time devoted to benefit take-up (as compared to savings rates) is … Continue reading
Posted in advice gap, age wage, pensions
Tagged MAPS, Pension Credit, pensions, state pensions, Universal Credit
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DWP – should the top topple when the spinning stops?
I can’t remember another occasion when a Government department was stopped from lying to the people it serves by a Government agency. But that is what happened yesterday. The fact is that the Advertising Standards Agency has banned four of the … Continue reading
Posted in advice gap, DWP, pensions
Tagged Advertising standards, ASA, DWP, UC, Universal Credit
6 Comments
Managing pension expectations – are we doing enough?
This is one of those blogs where my focus is on big Government – or policy – rather than the little things that go into making political strategy happen. For a long time, as long as I’ve been working, there … Continue reading
Posted in advice gap, age wage, pensions, religion
Tagged DWP, homeless, net-pay, pensions, Treasury, Universal Credit
2 Comments
Why we should not be shut up about pensioner poverty – it exists and it shouldn’t.
If you’d been at the ICAS “how to avert the pension crisis” debate on Tuesday, you’ll remember that part of the conversation when we discussed the Institute of Fiscal studies’ contention that we were having difficulty spending our retirement savings. … Continue reading
The impact of low pension savings on retirement incomes – Gareth Morgan
Income certainty and low pension savings There is concern, increasingly voiced, by some well-informed commentators, about some of the consequences of the pension freedoms. The complexity of choices, the lack of knowledge of most pension savers and the actions of … Continue reading
Posted in actuaries, advice gap, pensions
Tagged DWP, Gareth Morgan, Pension Freedoms, Universal Credit
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Where does all our money go?
Two of the big three revenue sources are income tax and national insurance, they’re the ones who hurt the well off. The third biggie -VAT is the one that hurts the poorest. Poor people pay VAT at the same rate as … Continue reading
Posted in pensions
Tagged Autumn Statement, Business, George Osborne, National Insurance, Philip Hammond, Tax, Universal Credit
3 Comments