NEWS

Millions of UK residents relying on state pension payments could be facing an unpleasant surprise. According to the latest updates, changes in the state pension age, along with rising inflation and potential tax liabilities, may cause future pension pay-outs to be less than expected. This could significantly impact financial planning for retirees who assumed a full state pension at 66. How … Read more

Starting 2025, the full new State Pension in the UK is set to rise to £230.25 per week, marking a 4.1% increase from the previous rate. This adjustment aligns with the government’s triple lock commitment, ensuring pensions grow annually by the highest of inflation, average earnings growth, or 2.5% . Eligibility Criteria for the Full … Read more

Canadian seniors relying on retirement income could receive a Guaranteed Income Supplement (GIS) payment of up to $1,086.88 in May 2025. As living costs continue to rise, the GIS remains a vital support system for low-income pensioners across the country. But not everyone qualifies automatically—and missing a step could delay or stop your payment. This guide explains who qualifies, how … Read more

In May 2025, certain 62-year-old retirees will begin receiving Social Security checks of up to $2,831 per month.  This amount represents the maximum benefit for individuals claiming at age 62, adjusted for the 2.5% Cost-of-Living Adjustment (COLA) implemented by the Social Security Administration (SSA) for 2025. However, not all 62-year-olds will qualify for this amount. Eligibility depends on factors such as lifetime earnings, the … Read more

In May 2025, recipients of Supplemental Security Income (SSI) experienced an early payment for June due to the 1st falling on a Sunday. According to SSI’s rules, when the first day of the month lands on a weekend or holiday, the payment is advanced to the last business day prior. Therefore, beneficiaries received their June … Read more