In the 2023 to 2024 tax year, the number of savers being penalised rose by 30 per cent year-on-year from the previous financial year.

Letters will be sent to eligible pensioners in the coming month with payments due to arrive over November and December

850,000 older households on low incomes are missing out on an average of £9,665 a year in pension top-ups.

The Department for Work and Pensions ( DWP ) will pay some pensioners only £100, despite payouts and sums of £200 or £300 being available.

In the past the Winter Fuel Payment, worth up to £300, was available to everyone aged 66 and above.

The DWP has laid bare an incoming fresh shake-up to £300 Winter Fuel Allowance payouts.

Frozen tax thresholds look set to cost UK households dearly - with savings rates rising across the country.

TPC estimates that only 2 percent of households would receive a tax cut if gratuities were free from federal income tax.

Over two million people will pay the tax this year

The number hit by the benefit cap has risen by 46,000

Analysis of HMRC data from AJ bell shows the number of basic-rate taxpayers being hit with the tax will near 1 million people, up from just half a million in 2022/23.

It's not very much money

The number of Pension Credit claims has doubled since announcement that it will be one of the few remaining ways to access the Winter Fuel Payment

Changes to the Winter Fuel Payment eligibility mean that 10 million pensioners, including 850,000 in Scotland will miss out on the annual heating bill help worth between £100 and £300.

State pensioners will miss out on the £300 payouts - and £3,900 per year - if they don't apply for Pension Credit.