The UK Government has confirmed that updated guidance is being prepared regarding free TV licence eligibility, prompting renewed discussion among pensioners. At present, free TV licences are not universally available to over-60s. Instead, concessions are primarily linked to benefit status, particularly for households where someone aged 75 or over receives Pension Credit. Here’s what has … Read more
The UK Government has confirmed that the scheduled rise in the State Pension age to 67 remains set to take place between 2026 and 2028, although a formal review of the timetable is underway. At present, the official State Pension age is 66 for both men and women. Under existing legislation, it will gradually increase … Read more
The Department for Work and Pensions (DWP) has confirmed a £250 one-off Cost of Living Payment will begin rolling out from 21 February 2026 to eligible households across the UK. The payment is designed to provide targeted financial support during late winter, when energy and household costs remain elevated. It will be automatic for qualifying … Read more
The Department for Work and Pensions (DWP) has confirmed a £562 one-off payment for eligible pensioners as part of targeted cost-of-living support. The payment is not a permanent State Pension increase and will not raise weekly pension rates. Instead, it is structured as a single instalment paid directly into bank accounts of qualifying recipients. While … Read more
The UK Government has addressed growing speculation around a potential £20,000 Personal Tax Allowance, confirming that no immediate change to the current threshold has been legislated. While the £20,000 figure has featured in political debate as a long-term ambition, it has not been formally enacted in tax law. The Personal Allowance — administered by HM … Read more
Several major UK banks have confirmed updated withdrawal safeguards for customers aged 60 and over, effective immediately. The measures are framed as fraud-prevention protections aligned with guidance from the Financial Conduct Authority (FCA), not as a restriction on legitimate access to savings. There is no ban on over-60s accessing their money. State Pension and private … Read more
The UK Government has confirmed that updated rules for the Free Bus Pass scheme will take effect from 21 February 2026, introducing tighter eligibility verification, renewal checks and fraud controls. The changes apply primarily to England under the English National Concessionary Travel Scheme (ENCTS), though devolved administrations may review their own arrangements. The Government has … Read more
A confirmed £300 “pension deduction” has caused concern among retirees, but officials stress this is not a blanket cut to the State Pension. Instead, HM Revenue and Customs (HMRC) will begin recovering certain Winter Fuel Payments from higher-income pensioners via PAYE adjustments from February 2026. The measure applies only to individuals whose annual taxable income … Read more
HM Revenue and Customs (HMRC) has confirmed that from 18 February 2026, a structured recovery process may apply to pensioners who have underpaid tax, with balances of up to £300 potentially collected through managed deductions. This is not a new universal charge and does not apply to all retirees. The measure is linked to correcting … Read more
The Department for Work and Pensions (DWP) is preparing updated guidance from 2026 on how property ownership is assessed for means-tested pensioner benefits, including Pension Credit and related housing support. The changes do not remove protection for a pensioner’s main home. However, they are expected to tighten how additional property, rental income and released equity … Read more