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Benefits rule changes could cost pensioners in UK thousands a year | Society | The Guardian

Benefits rule changes could cost pensioners in UK thousands a year The work and pensions secretary, Amber Rudd, leaves No 10. Age UK has described the changes as a ‘substantial stealth cut’. Photograph: Mark Thomas/Rex/Shutterstock Thousands of poorer UK pensioners who have partners of working age could lose up to £7,000 a year in top-ups as a result of imminent rule changes that will require them to claim universal credit as a couple. Changes slipped out on Monday night by the Department for Work and Pensions mean that from 15 May, new pensioners whose partners are younger than the state retirement age of 65 can no longer claim a means-tested top-up called pension credit. Instead they will be forced to claim the much less generous universal credit alongside their younger partners. The couple rate of universal credit is £114.81 a week compared with £255.25 for a couple receiving pension credit. This amounts to a potential loss of £7,320 a year. Age UK described the change as a “substantial stealth cut” and said it could have a devastating effect on the health and wellbeing of some older people and increase the numbers of pensioners in poverty.

Webmasters's insight:

From 15 May, new pensioners with partners under 65 can no longer claim pension credit.

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Best places in Europe for a family bargain break to save you £1,300

WHAT HOLS WILL COST-YA Best places in Europe for a family bargain break to save you £1,300 Here's how to shave £££s off the cost of a week away for two adults and two kids - without cutting down on staples FAMILIES hunting a bargain break in Europe should shun hotspots in western Europe for Bulgaria and Turkey, a new study has found. The total cost of a holiday is £1,300 lower in the cheapest parts of the continent compared to more mainstream tourist resorts in ­western Europe such as Majorca, Post Office Travel Money found. A new study has found the best bargain holidays - and you will need to shun mainstream hotspots It worked out the cost of a week away for two adults and two kids for a B&B package plus meals, drinks and other holiday staples. Cheapest of the lot was Sunny Beach in Bulgaria at £2,155 in total — 38 per cent less than Majorca, the priciest destination at £3,475. Turkey’s main resort, Marmaris, was only slightly pricier than Sunny Beach, at £2,197. Marmaris is cheapest overall for the B&B package — £1,706 in late July after UK schools break up. But a basket of holiday staples, left, came in at £491, compared with just £393 in Sunny Beach. That is still competitive, though, when compared with other holiday destinations. A slump in the value of the Turkish lira and fierce competition among restaurants and bars means Marmaris is a quarter cheaper than just a year ago — and compared with five years ago, both Sunny Beach and Marmaris are about a fifth cheaper.

Webmasters's insight:

#Turkey and #Bulgaria lead the way in #BargainBreaks #FamilyHolidays #MyMoneyComparison 

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Getting your income covered with Income protection insurance, either your a PAYE employee or Self Employed, it may be a good idea to get your self covered for the unexpected events in life later on.

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Compare Bicycle Insurance Quotes, with one of the UK’s only bicycle insurance comparison service.

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Black Friday Deals Not So Cheap

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0% Credit Cards and Hidden Charges

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Real Living Wage to rise to £9.30 per hour.

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Signposting to help older people

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New 5 Year Deal For Virgin Media & Vodafone To Provide Better Services.

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The Cost of Going Self-Employed – Your Pension Pot

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Are you looking for a car or van insurance quote but find them expensive due to you having points or any type of conviction on your licence? if so, then try our panel of specialist insurance brokers who can help many people with convictions to lower their policy prices, nothing to lose, simple form to complete and we will call you back: https://bit.ly/3qHbX1c

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Courier Insurance: What It Is & Why You Need It

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