Approximately 11,000 pensioners will see their state pension decline by up to £70 a week following benefit changes introduced a decade ago. Those affected currently receive the “adult dependants’ addition”, which was once payable to hundreds of thousands of pensioners with spouses under the state pension age, but financially dependent on the state pension recipient.
The benefit, known as Adult Dependency Increase (ADI), was abolished for anyone claiming their pension from April 2010 onwards. However, pensioners receiving the cash prior to that date were promised it would be payable for ten further years. The nature of the benefit, only payable to couples where one partner is below state-pension age, means relatively few people still receive it.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Zohran Mamdani, "Trump's worst nightmare", wows New YorkZohran Mamdani, 33, has won the Democratic candidacy to be mayor of New York. That has energised his supporters and enemies alike – and terrified the rich
-
What's behind the big shift in Japanese government bonds?Rising long-term Japanese government bond yields point to growing nervousness about the future – and not just inflation
