DWP warning as millions of UK households face £2,600 shortfall A state pension warning has been issued as millions of over-55s are at risk being £2,643 short of basic income. Alice Guy, head of pensions and savings at Interactive Investor, has warned pensioners currently need £14,144 each year before tax.
But the Department for Work and Pensions ( DWP ) state pension will rise to £11,501 next April. Alice said in her warning: “Although the state pension is rising by 8.5% in April, it’s important to remember that it still falls far short of the amount needed for a basic […]
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