Rachel Reeves Issues State Pension Update After Major DWP Announcement
UNITED KINGDOM, JUL 21 – The Department for Work and Pensions has initiated a review after uncovering over 12,000 underpayment cases affecting women, distributing £104 million in back payments so far.
- Earlier this year, a collaborative effort by DWP and HM Revenue and Customs found 12,379 State Pension underpayments to women whose NI records contain errors.
- Historical Home Responsibilities Protection scheme omissions led HMRC to review NI records from 1978 to 2010, attributing to record gaps and misapplied entitlements.
- About £104 million has been paid in arrears, with an average of £8,377 per case, after HMRC sent over 370,000 letters to women.
- Work and Pensions Secretary Liz Kendall has launched an inquiry, warning pensioners will be £800 worse off by 2050 and commissioning an independent report by Dr. Suzy Morrissey.
- The self-employed, low paid workers and ethnic minorities face particular shortfalls, impacting future pension gaps and highlighting the need for reforms.
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In MetroTalk: Readers discuss state pensions, retirement ages, jury duty and Union Jacks(Picture: Getty Images) Do you agree with our readers? Have your say on these MetroTalk topics and more in the comments. Are boomers the most politically involved? The Department for Work and Pensions has announced a review into the age at which people can receive the state pension. Giving everyone over a certain age a triple-locked pension …
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State pension age review needed to ensure system ‘affordable’ – Reeves
The Government review is due to report in March 2029.
·London, United Kingdom
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Total News Sources13
Leaning Left4Leaning Right3Center3Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 30%
R 30%
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