steve_b_wales Posted February 18 Report Share Posted February 18 Fantastic news! My state pension (and everyone else's of course) is going up by an extra £36:20 per month. I'll be rich beyond my wildest dreams!!!! Quote Link to comment Share on other sites More sharing options...
Dougy Posted February 18 Report Share Posted February 18 £432 a year, Car insurance paid for, look at the glass half full, you could even say its the heating allowance back for you. Quote Link to comment Share on other sites More sharing options...
ditchman Posted February 18 Report Share Posted February 18 "spare a bob for the elderly guvnor..." "gort any changeeee"..... Quote Link to comment Share on other sites More sharing options...
TOPGUN749 Posted February 18 Report Share Posted February 18 (edited) They give us £470 a year rise and take back £94 in tax from most of us! So we’re left with £376, Then we lost the £200 heating allowance,so we’re up £176, then the council tax will take over £100 extra in April,so £76 left to pay extra water charges, utilities,and all the other inflation over 12 months!🤣🤣 Edited February 18 by TOPGUN749 Quote Link to comment Share on other sites More sharing options...
Cosmicblue Posted February 18 Report Share Posted February 18 I'm grateful to have lived long enough to collect the State pension, I'll take it! Quote Link to comment Share on other sites More sharing options...
CharlieT Posted February 19 Report Share Posted February 19 On 18/02/2025 at 17:36, TOPGUN749 said: They give us £470 a year rise and take back £94 in tax from most of us! So we’re left with £376, Then we lost the £200 heating allowance,so we’re up £176, then the council tax will take over £100 extra in April,so £76 left to pay extra water charges, utilities,and all the other inflation over 12 months!🤣🤣 And to add insult to injury I have recently had a letter from DWP to tell me that noew I'm 80 I qualify for an extra 25p per week.........less income tax as you say, what a joke. Quote Link to comment Share on other sites More sharing options...
TOPGUN749 Posted February 19 Report Share Posted February 19 Yes it’s a joke! I remember my Grandfather saying he was getting an extra 5 shillings a week about 1970,and it’s not changed since, should be £10 now at least with 55 years of inflation! The £10 Christmas bonus is the same never increased from the start! Quote Link to comment Share on other sites More sharing options...
Bobba Posted February 20 Report Share Posted February 20 And why is it so complicated? Just had my notification “about the general increases in benefits”. Without showing the amounts £ it reads:- basic state pension + pre 97 additional state pension LESS contracted-out deduction + post 97 additional state pension + graduated retirement benefit + age addition (25p) = the amount each week is…….£££ Yours sincerely, Office Manager. surely it’s not rocket science to simplify and consolidate these 6 elements into one payment scheme and reduce IT systems software and staff Nos. Any PW members here in the DWP who can shed light on this complexity? Quote Link to comment Share on other sites More sharing options...
old man Posted February 20 Report Share Posted February 20 7 minutes ago, Bobba said: And why is it so complicated? Just had my notification “about the general increases in benefits”. Without showing the amounts £ it reads:- basic state pension + pre 97 additional state pension LESS contracted-out deduction + post 97 additional state pension + graduated retirement benefit + age addition (25p) = the amount each week is…….£££ Yours sincerely, Office Manager. surely it’s not rocket science to simplify and consolidate these 6 elements into one payment scheme and reduce IT systems software and staff Nos. Any PW members here in the DWP who can shed light on this complexity? Why would they want anyone to be able to easily understand the system? Quote Link to comment Share on other sites More sharing options...
Bigbob Posted February 20 Report Share Posted February 20 6 hours ago, old man said: Why would they want anyone to be able to easily understand the system? They dont thats why they make the forms so hard folk wont or give up filling them in to get benefits there entailed too Quote Link to comment Share on other sites More sharing options...
Nublue 22 Posted February 20 Report Share Posted February 20 I can't still believe we just let them rise the age from 65 to 67 and just expected it, it will get to 70 soon, Quote Link to comment Share on other sites More sharing options...
Bigbob Posted February 20 Report Share Posted February 20 1 minute ago, Nublue 22 said: I can't still believe we just let them rise the age from 65 to 67 and just expected it, it will get to 70 soon, It wont matter if they do pensioners will only get £1 a year pension rise and no winter fuel allowance , and you will be working till you drop saving the government a fortune Quote Link to comment Share on other sites More sharing options...
RCB56 Posted February 20 Report Share Posted February 20 I've been thinking what to do with my pension increase and have made my mind up. I'm going to spend half of it on Wild Women and Drink, then I'll squander the other half. Quote Link to comment Share on other sites More sharing options...
old man Posted February 20 Report Share Posted February 20 1 hour ago, Nublue 22 said: I can't still believe we just let them rise the age from 65 to 67 and just expected it, it will get to 70 soon, Possibly doesn't apply to the mp class? Gold plating for toiling so hard on behalf of the country? Quote Link to comment Share on other sites More sharing options...
Cranfield Posted February 21 Report Share Posted February 21 I haven't received a notification of the State Pension increase yet, but I have received two code adjustments from the Inland Revenue dated 3 days apart, both increasing my tax payments for the coming year. One for the pension increase and the other for interest I have received from savings. The more you tried to ensure your own financial wellness, the more they screw you. Quote Link to comment Share on other sites More sharing options...
old man Posted February 21 Report Share Posted February 21 1 hour ago, Cranfield said: I haven't received a notification of the State Pension increase yet, but I have received two code adjustments from the Inland Revenue dated 3 days apart, both increasing my tax payments for the coming year. One for the pension increase and the other for interest I have received from savings. The more you tried to ensure your own financial wellness, the more they screw you. Certainly, independent financial activity is frowned on? Quote Link to comment Share on other sites More sharing options...
steve_b_wales Posted February 21 Author Report Share Posted February 21 As I mentioned before, when I became eligible for state pension, and the fact that I continued to work full time, my personal tax allowance was reduced from £12750 to just over £2000! Quote Link to comment Share on other sites More sharing options...
amateur Posted February 21 Report Share Posted February 21 15 minutes ago, steve_b_wales said: As I mentioned before, when I became eligible for state pension, and the fact that I continued to work full time, my personal tax allowance was reduced from £12750 to just over £2000! Which would be correct, because you were receiving about £10k tax-free Quote Link to comment Share on other sites More sharing options...
TOPGUN749 Posted February 22 Report Share Posted February 22 19 hours ago, steve_b_wales said: As I mentioned before, when I became eligible for state pension, and the fact that I continued to work full time, my personal tax allowance was reduced from £12750 to just over £2000! And with the pension going up to £11973 in April, you will only be allowed £577 before paying 20%. Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted February 25 Report Share Posted February 25 (edited) Hello, Looking at what the Pension rise gives but then deduct all the price increase on Council tax, Now Energy, Car insurance. Phones, Supermarket prices, The list is endless therefore the £400 plus rise will be gone on April fools day, OH i forgot Petrol and Diesel !!!!!!! Motor Tax, water bills, Looking at mine there will be nothing left on April 2nd Edited February 25 by oldypigeonpopper Quote Link to comment Share on other sites More sharing options...
Bobba Posted Friday at 09:56 Report Share Posted Friday at 09:56 Well, I’m up-to date with Notices of state pension increase an Notice of coding. My state pension increased by £9.30 p/wk = £483.60 p/annum. My coding notice shows my pension is in excess of personal allowance by £761 which will be added to my employment pension and taxed. At 20% tax that’s an extra £152 in tax. Fortunately my employment pension helps but for some, when added to the loss of heating allowance £200, means a potential income denied of £350 or £7 / wk. It really should be that the personal allowance is kept ahead of state pension. I believe that Rachel from accounts is being asked to consider this. But don’t hold your breath. Quote Link to comment Share on other sites More sharing options...
amateur Posted Friday at 10:35 Report Share Posted Friday at 10:35 31 minutes ago, Bobba said: Well, I’m up-to date with Notices of state pension increase an Notice of coding. My state pension increased by £9.30 p/wk = £483.60 p/annum. My coding notice shows my pension is in excess of personal allowance by £761 which will be added to my employment pension and taxed. At 20% tax that’s an extra £152 in tax. Fortunately my employment pension helps but for some, when added to the loss of heating allowance £200, means a potential income denied of £350 or £7 / wk. It really should be that the personal allowance is kept ahead of state pension. I believe that Rachel from accounts is being asked to consider this. But don’t hold your breath. If she doesn’t, it's going to bring a high number of pensioners back into the tax system, unless they have a private pension as well, in which case, the tax code on that will be adjusted. For the newly taxable, the DWP doesn’t have a payroll system and the cost of implementing one would be horrendous. Alternatively, all these non-technical pensioners would have to negotiate HMRC's on-line self assessment system. I think that their phone lines would suffer meltdown. The commonsense solution would be to raise personal allowance inline with basic pension, but hey-ho, this lot aren't exactly blessed with commonsense. Quote Link to comment Share on other sites More sharing options...
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