Latest news with #NI
Metro
2 days ago
- General
- Metro
Here's how you can find out if you're owed money from your state pension
Most of the people impacted by this are women (Picture: Getty Images) Listen to article Listen to article Your browser does not support the audio element. Thousands of people could have missed out on payments towards their state pension. Parents and carers who took time off work to look after children before 2010 may not have received all of the state pension payments they were owed. This is due to gaps in their National Insurance records – and only about 12,300 people have received their back payments. The gap in payments has been linked to Home Responsibilities Protection (HRP) – Metro explains what that is and how to find out if you're due some cash. What is Home Responsibilities Protection? HRP was designed to help parents and carers build up their state pensions while out of work to look after children or disabled adults. Those affected are being sent letters – but you can also check your eligibility online (Picture: Getty Images) The scheme was in place between 1978 and 2010. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Up Next Previous Page Next Page HRP was replaced by National Insurance credits in 2010, which automatically protect state pension entitlement if you claim child benefit and provide your NI number. What caused the error and how has it been fixed? These credits weren't properly recorded on people's National Insurance records in many cases – especially if child benefit claims made before May 2000 didn't include a NI number. This means some people may now be receiving a smaller state pension than they should – and the impact is mainly being felt by women. The Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) are working together to try and fix the problem. They are identifying people affected by missing HRP credits and updating their National Insurance records, so their state pension can be recalculated. In its 2024 annual report, the DWP estimated about 194,000 could be affected by the HRP error. It set aside £1.15billion to try and fix the problem. As of March 31 of this year, a total of 12,379 people have been repaid an average of £8,377. Why haven't eligible people claimed back their cash? You could be owed thousands (Picture: Getty Images) Letters have been sent out to people who are already over the state pension age, while HMRC continues to contact others who might be eligible. The government thinks it could take until 2027-8 to fully reimburse everyone who is owed money. Very few people who have received a letter about the error have gone on to make claims – and the government found many of those didn't understand the letters or recognise the term HRP. Others were worried the letter could be a scam, and some found the online process of claiming difficult to navigate. How do you check if you're eligible? There are plenty of eligible people who simply assumed they would not be eligible for the cash. If you're unsure, you should use the online checker to find out. You don't have to have received a letter to check your record. If you are eligible, HMRC will update your record and the DWP will recalculate how much state pension you are entitled to. Those already over state pension age and unable to apply online should call the National Insurance helpline on 0300 200 3500. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. Arrow MORE: Make money from your living room with these 7 investing tips for absolute novices Arrow MORE: Schools should teach money management after teens turn to AI for help, parents say Arrow MORE: Warning as building society to cut interest rates on dozens of accounts
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Cambrian News
2 days ago
- Politics
- Cambrian News
Elly Foster: Labour bows to Reform rhetoric on immigration
Home is where my husband is, where my children, grandchildren and friends live, here in the UK. I explored the issue of home in my first book entitled Home? I needed to come to terms with the Brexit vote. I was grieving. People like me with passports from EU countries outside the UK didn't get a vote, even though the outcome affected us badly. Not being allowed to vote hurt. At the time I'd been working and volunteering, paying taxes and NI for 41 years, yet I felt unwanted and not valued. Twice I went to London for the big demonstrations to demand a second referendum and it felt good to be among a million people who wanted the same. But in the end, I had to learn to get on with my life in Brexit Britain.
Business Upturn
2 days ago
- Business
- Business Upturn
Lancaster Resources Announces Closing Conditions Met for Lake Cargelligo Acquisition
VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) — Lancaster Resources Inc. (CSE:LCR) (OTC Pink:LANRF) (FRA:6UF0) ('Lancaster'), is pleased to announce it has received approval from the Canadian Securities Exchange to complete the acquisition of the Lake Cargelligo Gold Project and has today completed the $400,000 non-brokered private placement financing as announced on April 23, 2025, which was fully subscribed. With all key conditions met, Lancaster expects the acquisition to close imminently. Lake Cargelligo Gold Project Highlights: District-scale opportunity: 28,768 hectares in a single, contiguous claim with over 25 km of prospective strike and three primary target zones. High-grade results: Historical sampling includes results up to 204 g/t Au and 273 g/t Ag from rock chips, and up to 16m @ 5.83 g/t Au and 7.20 g/t Ag from channel sampling.1 Acquisition Terms Under the terms of the definitive agreement, Lancaster will acquire a 100% interest in the Lake Cargelligo Gold Project. The total consideration for the acquisition is payable as follows: $10,000 in cash at closing; 10,000,000 common shares with voluntary resale restrictions, released over a 24-month period in staged tranches starting four months after closing. No finders' fees are payable in connection with the acquisition. The vendors will retain a 2% net smelter returns (NSR) royalty on all mineral production. Lancaster may repurchase 1% of the NSR for $2,000,000. The remaining 1% is subject to a repurchase right at fair market value based on a discounted cash flow valuation. Lancaster must incur $400,000 in exploration expenditures within 12 months of closing as an initial work commitment. Failure to do so, after a 60-day cure period, allows the vendors to reacquire the Project for $10,000. A second work commitment of $3,000,000 over 36 months is optional, with similar cure rights for the vendors to reacquire the Project for $50,000. Milestone payments of up to $3.68 million are payable as follows: $30,000 on completion of the first geophysics program; $50,000 on commencement of the first drill program; $50,000 upon raising $1,000,000 post-closing; $50,000 upon receipt of conditional ASX listing approval; $500,000 on a NI 43-101 or JORC-compliant 1Moz gold resource; $1,000,000 on a NI 43-101 or JORC-compliant PEA for a 1Moz resource; $2,000,000 on a NI 43-101 or JORC-compliant PFS for a 1Moz resource. Management Commentary 'With gold reaching record highs and demand remaining robust, we believe Lake Cargelligo is a timely and strategic addition to our portfolio,' said Lancaster CEO Andrew Watson. 'Our team is preparing a Phase 1 exploration program for Summer/Fall 2025 aimed at unlocking the Project's excellent geological and geochemical potential.' All exploration results are historical in nature and have not been verified by a Qualified Person under NI 43-101. The Company considers these results relevant for exploration purposes but not necessarily indicative of mineralization on the property. Andrew Watson, President and CEO and a Director of the Company, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects . Mr. Watson has reviewed and approved the scientific and technical information contained in this news release. Mr. Watson is not independent of the Company. About Lancaster Resources Inc. Lancaster Resources Inc. is a Canadian exploration company focused on advancing a diversified portfolio of critical mineral and precious metal assets. The Company holds a 100% interest in the Piney Lake Gold Project in Saskatchewan and maintains additional uranium exploration projects at Catley Lake and Centennial East in the Athabasca basin, Saskatchewan, as well as the Alkali Flat Lithium Project in New Mexico. Lancaster has also signed a definitive agreement to acquire the Lake Cargelligo Gold Project in New South Wales, Australia. Andrew Watson, President & Chief Executive Officer, Lancaster Resources Inc. [email protected] Tel: 604 923 6100 The Canadian Securities Exchange has not reviewed, approved nor disapproved the contents of this news release. Cautionary Statement Regarding Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events, or Lancaster's future performance. The use of any of the words 'could', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Lancaster's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the ability of Lancaster to execute its exploration plans, ability to complete the acquisition of the Lake Cargelligo Gold Project, raise capital, retain key personnel, identify, acquire, explore, and develop high-quality mineral-rich properties constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Lancaster disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws. 1 Sources include: (1) Carpentaria Exploration Ltd., 2014 Annual Report for EL8095; (2) Aberfoyle Exploration Pty Ltd., First and Final Report for EL1770, June 1982; (3) Lachlan Resources N.L., First Six-Month Progress Report for EL2914; and (4) MinView database from the Geological Survey of NSW ( nview ). Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
2 days ago
- Business
- Yahoo
Lancaster Resources Announces Closing Conditions Met for Lake Cargelligo Acquisition
VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR) (OTC Pink:LANRF) (FRA:6UF0) ('Lancaster'), is pleased to announce it has received approval from the Canadian Securities Exchange to complete the acquisition of the Lake Cargelligo Gold Project and has today completed the $400,000 non-brokered private placement financing as announced on April 23, 2025, which was fully subscribed. With all key conditions met, Lancaster expects the acquisition to close imminently. Lake Cargelligo Gold Project Highlights: District-scale opportunity: 28,768 hectares in a single, contiguous claim with over 25 km of prospective strike and three primary target zones. High-grade results: Historical sampling includes results up to 204 g/t Au and 273 g/t Ag from rock chips, and up to 16m @ 5.83 g/t Au and 7.20 g/t Ag from channel sampling.1 Acquisition Terms Under the terms of the definitive agreement, Lancaster will acquire a 100% interest in the Lake Cargelligo Gold Project. The total consideration for the acquisition is payable as follows: $10,000 in cash at closing; 10,000,000 common shares with voluntary resale restrictions, released over a 24-month period in staged tranches starting four months after closing. No finders' fees are payable in connection with the acquisition. The vendors will retain a 2% net smelter returns (NSR) royalty on all mineral production. Lancaster may repurchase 1% of the NSR for $2,000,000. The remaining 1% is subject to a repurchase right at fair market value based on a discounted cash flow valuation. Lancaster must incur $400,000 in exploration expenditures within 12 months of closing as an initial work commitment. Failure to do so, after a 60-day cure period, allows the vendors to reacquire the Project for $10,000. A second work commitment of $3,000,000 over 36 months is optional, with similar cure rights for the vendors to reacquire the Project for $50,000. Milestone payments of up to $3.68 million are payable as follows: $30,000 on completion of the first geophysics program; $50,000 on commencement of the first drill program; $50,000 upon raising $1,000,000 post-closing; $50,000 upon receipt of conditional ASX listing approval; $500,000 on a NI 43-101 or JORC-compliant 1Moz gold resource; $1,000,000 on a NI 43-101 or JORC-compliant PEA for a 1Moz resource; $2,000,000 on a NI 43-101 or JORC-compliant PFS for a 1Moz resource. Management Commentary 'With gold reaching record highs and demand remaining robust, we believe Lake Cargelligo is a timely and strategic addition to our portfolio,' said Lancaster CEO Andrew Watson. 'Our team is preparing a Phase 1 exploration program for Summer/Fall 2025 aimed at unlocking the Project's excellent geological and geochemical potential.' All exploration results are historical in nature and have not been verified by a Qualified Person under NI 43-101. The Company considers these results relevant for exploration purposes but not necessarily indicative of mineralization on the property. Andrew Watson, President and CEO and a Director of the Company, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Watson has reviewed and approved the scientific and technical information contained in this news release. Mr. Watson is not independent of the Company. About Lancaster Resources Inc. Lancaster Resources Inc. is a Canadian exploration company focused on advancing a diversified portfolio of critical mineral and precious metal assets. The Company holds a 100% interest in the Piney Lake Gold Project in Saskatchewan and maintains additional uranium exploration projects at Catley Lake and Centennial East in the Athabasca basin, Saskatchewan, as well as the Alkali Flat Lithium Project in New Mexico. Lancaster has also signed a definitive agreement to acquire the Lake Cargelligo Gold Project in New South Wales, Australia. Andrew Watson, President & Chief Executive Officer, Lancaster Resources Tel: 604 923 6100 The Canadian Securities Exchange has not reviewed, approved nor disapproved the contents of this news release. Certain statements contained in this press release constitute forward-looking information. These statements relate to future events, or Lancaster's future performance. The use of any of the words 'could', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Lancaster's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the ability of Lancaster to execute its exploration plans, ability to complete the acquisition of the Lake Cargelligo Gold Project, raise capital, retain key personnel, identify, acquire, explore, and develop high-quality mineral-rich properties constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Lancaster disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws. 1 Sources include: (1) Carpentaria Exploration Ltd., 2014 Annual Report for EL8095; (2) Aberfoyle Exploration Pty Ltd., First and Final Report for EL1770, June 1982; (3) Lachlan Resources N.L., First Six-Month Progress Report for EL2914; and (4) MinView database from the Geological Survey of NSW ( in to access your portfolio
Pembrokeshire Herald
2 days ago
- Business
- Pembrokeshire Herald
Extra funding to help plug National Insurance shortfall in Wales
Welsh Government steps in to protect vital services WELSH public services are set to receive additional funding to help meet rising employer National Insurance (NI) costs—after a shortfall in support from the UK Government left a significant funding gap. The increase in employer NI contributions has added an estimated £257 million in annual costs to the Welsh public sector. Of that, the UK Government has committed £185 million, leaving a £72 million deficit. To help cover this shortfall, the Welsh Government has announced it will allocate £36 million from its reserves. This brings the total support package to £220 million, which will cover approximately 85% of the increased costs. Finance Secretary Mark Drakeford said: 'We're protecting our vital public services by using £36 million from our reserves to help address the National Insurance shortfall left by the UK Government. 'While the UK Government has provided some funding, it does not match the actual financial burden now facing Welsh services. This leaves a multi-million-pound gap year after year. 'We've stepped in to support our services as much as we can, but we cannot afford to plug the entire shortfall. The UK Government should treat public services equally across the UK and honour its commitment to fully fund these extra costs.' The Welsh Government warned that continued shortfalls could place pressure on frontline services if the funding gap is not fully addressed. The Welsh Lib Dems responded to what they say was Mark Drakeford's National Insurance Bombshell. Leader Jane Dodds MS said: 'The Welsh Lib Dems have opposed this disastrous jobs tax from day one. Not only is it hammering our small businesses with unemployment in Wales rising, but it is now clear it will leave Wales with a gaping hole in its public finances and our public services worse off. 'The fact that the First Minister cannot even convince the UK government that the increased cost to the public sector should be covered by the Treasury shows how little influence Welsh Labour have in London. 'The Liberal Democrats will continue to argue for a reversal of the national insurance hike and fair funding for Wales.'
