pension underpayments

HMRC Pension Adjustment 2024 – £5,000 Underpayment Coming Soon for Around 200K Seniors

by
Keir Starmer

The HMRC Pension Correction Initiative is a significant effort by HM Revenue and Customs (HMRC) to rectify pension underpayments affecting approximately 210,000 individuals, primarily women in their 60s and 70s. This initiative seeks to resolve administrative errors tied to Home Responsibilities Protection (HRP) credits, ensuring affected individuals receive the full state pension benefits they are … Read more

DWP Announces Back Payment Scheme – Pensioners Set for Payments Up to £12,000

by
Keir Starmer

The Department for Work and Pensions (DWP) has uncovered significant underpayments affecting over 119,000 pensioners in the UK, with some owed as much as £12,000. These discrepancies, identified through the Legal Entitlements and Administrative Practice (Leap) exercise, stem from administrative errors in state pension calculations over decades. Launched in January 2021, the Leap exercise aims … Read more