The inability of Britain's government to make cuts to welfare spending this week underscores the extent of the challenges it ...

British Finance Minister Rachel Reeves is expected to announce a shake-up of the UK pension system in her Mansion House ...

Where someone lives could mean a difference of hundreds of thousands of pounds in state pension payouts, a new analysis has ...

British pensioners who have retired to countries such as Australia, South Africa and Canada are losing thousands of pounds ...

Pensions are the main source of income for older people in Europe, according to the OECD’s Pension at a Glance 2023 report. In many European countries, public transfers—such as state pensions and ...

This roughly converts to £20,063.08 per year - more than £8,000 compared to the UK state pension.

DWP Certain state pensioners able to increase HMRC Personal Tax Allowance to £35,000 Of these, some 42,000 pensioners in Europe receive UK state pensions that exceed the £12,570 personal allowance.

In the UK, once you reach state pension age – which is currently 66 but will start gradually increasing from 6 May 2026 – you can claim the full new state pension – worth £997.75 per month.

The Luxembourg pension system pays out an average of £5,426, the equivalent to a whopping £4,429 more than the UK State Pension. With a similar cost of living, at least for the meantime, pensioners in ...

On the other hand, state pension spending is expected to hit £145.6bn this year, while another £54bn will make its way from the taxpayer to the bank accounts of public sector pensioners.

To receive the full state pension, you need 35 qualifying years. This means anyone with gaps in their NI record might be able to pay voluntary contributions to plug these gaps and boost their ...