Make sure you know what you need to check before leaving the workforce.
State Pension currently provides essential financial support for 12.6 million older people across the country, including more than one million retirees living in Scotland. This regular payment is available for those who have reached the UK Government’s eligible retirement age, which is now 66 for both men and women, and have paid at least 10 years of National Insurance contributions.
Retirement checklist Citizens Advice Scotland has a full guide to retirement planning which you can read here, below is a quick overview of what you should check as you approach retirement. 3. Check whether you're entitled to any new benefits - you might be able to get benefits like Carer's Allowance, Housing Benefit or a Council Tax Reduction.
6. Track down any pension providers that you’ve lost contact with - the Pension Tracing Service can help with this. Call them on 0800 731 0193 or use their online form to find a lost pension.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
State pension to rise faster than benefits as cost of living squeeze hits low income familiesRishi Sunak said he was committed to maintaining the pension triple lock, even if it means they would rise in line with average earnings
Read more »
DWP errors left thousands of women owed state pension: What to do if you're affectedA recent report has revealed that up to 330,000 women have been left with a smaller state pension thanks to a DWP error
Read more »
Sunak suggests state pension could jump by 8%The state pension is currently worth £203.85 per week, but under the triple lock that is set to increase by £15.90 after wages grew by 7.8%.
Read more »
All the one-off payments for people of State Pension age for the whole yearA wide range of payments are coming out for the rest of the year that those of State Pension age could benefit from
Read more »
State Pension Triple Lock may be reviewed after annual uprating due next AprilPrime Minister Rishi Sunak has said State Pensions could rise by nearly 8% next April.
Read more »
Full New State Pension in retirement means you need to work this number of yearsWomen tend to worry more than men that they will not have enough money in later life.
Read more »