Is the State Pension Taxable?
Retirees receiving the full new state pension from April 2026 are on course for an increase of 4.8%, according to figures released by the Office for National Statistics (ONS). The boost was confirmed thanks to September inflation coming in below average wages. Under the ‘triple lock’ mechanism, the state pension rises each April by the highest of average earnings growth, Consumer Prices Index (CPI) inflation or 2.5%. With average earnings up by 4.8%…
£1.4 billion in Forgotten Child Trust Funds
The Government has released data showing that a huge £1.4bn is currently sat unclaimed and unused in Child Trust Funds (CTFs). CTFs were made available to all children in Britain born between 1 September 2002 and 2 January 2011. Parents were issued a voucher for £250 or £500 to be paid into the CTF at outset, but if it hadn’t been used after 12 months the government simply opened up…
