Martin Lewis reacts to Chancellor’s pension reveals
Almost 120,000 senior women are being paid back £736 million due to past underpayments on the State Pensions, according to new figures from the Department for Work and Pensions (DWP).
The scandal means many older women were denied thousands of pounds, potentially as much as £11,900, which could have made a huge difference, particularly during the cost of living crisis.
The problem is centred on the fact married women whose husbands reached pensionable age before 2008, as well as widows and those over 80, did not receive an ‘enhanced pension’ that would have boosted their payments by up to 60 percent.
The DWP has published new updates on the progress of the State Pension Underpayments Legal Entitlements and Administrative Practice (LEAP) exercise and the Home Responsibilities Protection (HRP) corrections exercise. This ongoing scheme is designed to identify those involved and make sure they get the money they are entitled to.
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