Surprising! State Pension £5,000 Back Payment Coming in UK: Know Dates & Eligibility Criteria

State Pension £5,000 Back Payment Coming in UK

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Eligibility

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Who is eligible?

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How to Claim

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Payment Dates

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Impact

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Also See

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Surprising! State Pension £5,000 Back Payment Coming in UK: Know Dates & Eligibility Criteria

State Pension £5,000 Back Payment Coming in UK

State Pensions have been underpaid due to inaccuracies in recording Home Responsibilities Protection (HRP) and Universal Credit National Insurance (NI) contributions, according to the DWP.

Eligibility

HMRC is finding people who missed HRP credits between 1978 and 2010. Approximately 187,000 instances involving £1.043 billion in underpayments are being targeted.

Who is eligible?

– Women who were parents or caregivers during the HRP period. – Those whose records don’t accurately reflect their entitlements due to NI record discrepancies.

How to Claim

The Pension Service provides customized assistance at 0800 731 0469. Official government webpage GOV.UK covers eligibility and claims procedures. Monitor DWP updates: Check DWP Annual Reports and Accounts for corrections.

Payment Dates

DWP hopes to finish corrections by 2025. The timeline: HMRC began informing affected parties in late 2023. HMRC cases are processed by DWP in early 2024.

Impact

This change impacts many of Britain's 12.7 million state pensioners. New and basic state pensions can reach £221.20 and £169.50, respectively. Retirement financial stability depends on these payouts.

Also See

IRS CTC Monthly Payments 2024 – Schedule, Payout Dates, and Eligibility