Steve Webb
@stevewebb1.bsky.social
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Pensions Minister 2010-15; Partner LCP; all posts personal views
[email protected]
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Steve Webb
Mick Hodgkin
6 days ago
Anyone else having trouble telling the News and The Traitors apart tonight?
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Jack
6 days ago
Kemi discovering after 15 months that Robert Jenrick has been plotting in "secret"
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Stephen Bush
7 days ago
'Another Warrington has hit the North-West'.
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Paul Bernal
9 days ago
One of the few things that might actually get some kind of reaction from Musk would be the government and all MPs simply leaving X. This doesn't require regulatory or legal action. There are no barriers. They could *and should* just do it.
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My weekly column for This is Money is up. This week I respond to a reader who is paying into a personal pension (aside from a workplace pension) whilst on UC. The pension contribs should be deducted from income, but too many DWP frontline staff don't seem to know the rules!
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Why is DWP refusing to admit pension error costing me £110 a month?
I recently started paying £200 per month by direct debit into a personal pension as well as my works pension, to bring my contributions up to 15% of my gross salary.
https://www.thisismoney.co.uk/money/pensions/article-15443025/Universal-Credit-DWP-pension-error.html
9 days ago
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dag
13 days ago
There are always Trumps. And so that is why the United States constitution has checks and balances for the misuse of presidential power. The real story of Trumpās presidency is not only what he has done, but also what Congress and the Supreme Court have not done.
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Mike Harrison
14 days ago
Excellent to see
@marymcd.bsky.social
with a full page pensions piece in todayās FT. Politics and pensions mix badly.
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Mark Pack
14 days ago
On which note:
bsky.app/profile/did:...
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The Times & Sunday Times
16 days ago
Former pensions minister calls for change as frozen tax thresholds mean even those whose only income is their state pension are getting dreaded brown letters from HMRC
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1.3m pensioners and savers issued with surprise tax bill
https://www.thetimes.com/money/pensions/article/surprise-tax-bill-pensioners-savers-issued-9fvvll86x?utm_medium=Social&utm_source=Bluesky#Echobox=1767636763
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New Year's resolution to post more on here! So, here's our new FOI-based story on the surge in people getting self-assessment tax demands, now that the tax threshold has been repeatedly frozen. Govt's 2027 'fix' for (some) pensioners won't make much difference:
www.thesun.co.uk/money/378170...
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More than 1.3million households get shock HMRC tax bills
MORE than 1.3million households have got a shock HMRC tax bill including state pensioners. A Freedom of Information (FOI) request tabled by former Pension Minister Steve Webb has revealed a surge iā¦
https://www.thesun.co.uk/money/37817014/million-households-shock-hmrc-tax-bills-brits-state-pension/
16 days ago
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Jill Rutter
30 days ago
Lots of parallels between
#Ashes
defeat and what Labour voters in 2024 are feeling about the govt right now.. "its the hope that kills you". "It was supposed to be different this time". you wait 15 years for a win in Australia/regain power and then it all falls to pieces super quickly
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Leftback
about 1 month ago
It's four days away, that's not much of a prediction.
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Inflation can be the Chancellor's friend. 'Fiscal drag' measures such as freezing tax thresholds raise more money when inflation is high. So today's drop in inflation is not unalloyed good news for CX (Though if it paves the way for lower interest rates on the national debt it might be!)
about 1 month ago
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Felicity Hannah
about 1 month ago
Money Box Live next week is looking at the finances of blended families. If you have a story, comment or a question then please get in touch with me - itās
[email protected]
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2026 all the things
about 2 months ago
Person who actually deserves a trophy is the artist who made the FIFA peace prize trophy look like everyone in the entire world holding their head in their hands out of secondhand embarrassment
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Really enjoying the latest series of āthe Naked Weekā on Radio 4
@andrewhunterm.bsky.social
- last weekās āNews in Haikusā was a classic!
about 2 months ago
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Red Book says that the £2k cap on salary sacrifice: "shields 74% of basic rate taxpayers using salary sacrifice". But if 5 million basic rate taxpayers use it, then that's over 1 million 'ordinary workers' losing?
about 2 months ago
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Incredible that the OBR just leaked the Budget!
about 2 months ago
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Darwin Woodka
2 months ago
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Stuart McDonald
2 months ago
Today
@stevewebb1.bsky.social
and I released a report setting out our views on where State Pension Age (SPA) needs to go. We submitted to this to the Government SPA review last month. We recommend sharp increases to SPA, but with a guaranteed payout of 5 years. š§µ
www.lcp.com/en/insights/...
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Where next for State Pension Age?
Experts at LCP have proposed major changes to the UK's State Pension system, designed to make it more sustainable while ensuring it remains fair for those with lower life expectancy.
https://www.lcp.com/en/insights/on-point-paper/where-next-for-state-pension-age
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Paul Johnson
3 months ago
Paul Johnson would actually like the economy to work better for all, to see incomes grow and social mobility expand. He supports effective pro-growth policies. He is less keen on posturing politicians who pretend they have simple solutions and whose policies would damage all the above.
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Led By Donkeys
3 months ago
Farage: epic grifter
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Stuart McDonald
3 months ago
Everything you ever wanted to know about pensions (but were afraid to ask)... My colleague (and former Pensions Minister)
@stevewebb1.bsky.social
now has his own YouTube channel - a free searchable library of 3-minute explainer videos on pension topics.
www.youtube.com/@stevewebbexplains
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Ed Davey
3 months ago
People who have come to the United Kingdom legally, played by the rules and made it their home do not need to āgo homeā. This is their home. I've written to Kemi Badenoch to give her the chance to reject these divisive calls from her frontbencher Katie Lam.
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If the Chancellor were to cap or scrap tax-free lump sums from your pension, could she literally do it 'over night' on Budget Day? This is a reader question to which I reply in my column this week. I'm pretty sceptical that this will happen, but people are obviously concerned.
#pensions
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Could pension tax-free cash be slashed right away on Budget day?
If changes are proposed will they take effect immediately, or at the start of the next tax year, or do the possible changes need to be agreed through parliament?
https://www.thisismoney.co.uk/money/pensions/article-15197467/Pension-tax-free-cash-Budget-STEVE-WEBB.html
3 months ago
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Rick Burin
3 months ago
Man United fans asking Starmer to intervene and prevent them from going to matches
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Ian Beestin
3 months ago
āWhen you take over the world, remember how polite I wasā. A fellow train passengers justifies her position on saying āpleaseā and āthank youā whilst using
#ChatGPT
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Joanne Harris
4 months ago
The reason the Right are so invested in the myth that the arts have no value isnāt because the arts donāt generate wealth (they do); itās that studying the arts teaches people to imagine better ways of judging the value of an idea than by counting how much money it makesā¦
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Tim Bale
4 months ago
@joxley.jmoxley.co.uk
is always good, but this - on post-literate political communication - is really, really good.
www.joxleywrites.jmoxley.co.uk/p/playing-po...
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Josiah Mortimer
4 months ago
Lib Dem Tim Farron MP: "I'm a proud patriot, but I am no nationalist...You can tell the difference. "Patriots love their country. Nationalists hate their neighbours. I am a patriot." He says he's ashamed racists have tried to steal the flag. Farron hits out at the "poison of nationalism".
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Very much agree with this - defections in themselves donāt change a lot, but they are a strong signal of the relative health of the ācedingā party and the āreceiving partyā!
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4 months ago
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Sir Basil
4 months ago
Reminds me of this gag-
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Average earnings up 4.7% in latest ONS figures - this is likely to drive the 'triple lock' increase next April. New state pension will be less than £1 per week under the income tax threshold in 2026, and will exceed it in 2027.
4 months ago
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Rory Martin
4 months ago
Tweaking NI thresholds to make employing part time workers vastly more expensive is one of the craziest things a party of labour could possibly do. Single mums, full time students, all the workers who efficiently fill gaps, punished.
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Faine Greenwood
4 months ago
Few things make me feel as nuts these days as having conversations with friends in aid about how global humanitarian aid has effectively been destroyed - which is going to kill millions, and is already killing them - then shifting back to normal discourse, where basically no one talks about it.
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My column this week for This is Money responds to a reader who used ChatGPT to answer a question about pensions and IHT. The answer is 'kind of' correct, but the reader had drawn the wrong conclusion!
www.thisismoney.co.uk/money/pensio...
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Has AI worked out my inheritance tax correctly? STEVE WEBB replies
According to AI, the pension will not be 'part of the estate' because it is in trust. So it can't be used to pay off the debts of the estate.
https://www.thisismoney.co.uk/money/pensions/article-15066651/AI-worked-inheritance-tax-correctly-STEVE-WEBB.html
4 months ago
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Looks like an additional round of ministerial announcements - mostly ministers of state - has just landed:
www.gov.uk/government/n...
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Ministerial appointments: September 2025
The King has been pleased to approve the following appointments.
https://www.gov.uk/government/news/ministerial-appointments-5-september-2025
5 months ago
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Hope you had your mobile phone with you
@torstenbell.bsky.social
ā¦!
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5 months ago
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Great that Radio 4 Moneybox and BBC Breakfast are continuing to raise awareness of unclaimed Home Responsibilities Protection!
5 months ago
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Ryan Estrada
5 months ago
If you do find your name, go here to file to get your money!
www.anthropiccopyrightsettlement.com
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Pensions Minister Torsten Bell has always been one to watch for swift promotion ā¦.
5 months ago
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Steve Peers
5 months ago
Timeline cleanse
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Stuart McDonald
5 months ago
Can the UK pension system adapt to an ageing population? In Episode 6, I talk with former Pensions Minister
@stevewebb1.bsky.social
about: š°ļø Future of the State Pension & Triple Lock š„ Retirement for today's workers š Housing costs for future pensioners š Widowhood š§
www.lcp.com/en/podcasts/...
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Retirement in an ageing society
This week, Stuart McDonald chats with Steve Webb, former UK Pensions Minister and Partner at LCP, about how demographic change is reshaping pensions and retirement.
https://www.lcp.com/en/podcasts/beyond-curious-with-lcp-retirement-in-an-ageing-society
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Mike Harrison
5 months ago
Whoās talking PENSIONS?! Please share the starter pack and encourage more debate here!
@stevewebb1.bsky.social
@sarabenwell.bsky.social
@stephawthorne.bsky.social
@henrytapper.bsky.social
@marymcd.bsky.social
@daviesofbrixton.bsky.social
@josephinecumbo.bsky.social
@prospectpension.bsky.social
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Sunder Katwala (sundersays)
5 months ago
Reform will have to reselect in Croydon, as their initial candidate for Mayor had been dead for 6 months when they selected her, Inside Croydon report Being dead is one way to pass the social media vetting but was likely to get noticed eventually
insidecroydon.com/2025/08/27/f...
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Farage party picked a dead woman to run for Croydon Mayor
EXCLUSIVE: Sharon Carby, aged 70, from Bradford, sadly died in July 2024. But that didnāt stop Reform UK six months later picking her as their Croydon mayoral candidate. By our Political Editā¦
https://insidecroydon.com/2025/08/27/farage-party-picked-a-dead-woman-to-run-for-croydon-mayor/
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Leonardo Carella
5 months ago
Imagine having to explain a headline that says āTaliban āready and willingā to work with Nigel Farageā to a time-traveller from, say, 2011.
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One of the nice things about writing a weekly column answering reader questions is that you often learn something new. This week, a reader who deferred her state pension, backdated her claim 12 months to get a lump sum, and got an unexpected HMRC demand for tax for last year...
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I delayed taking my state pension so why have I had a tax demand?
My request to end the deferral seems to have prompted the DWP system to write to the tax office, giving them wrong information about when I started taking my pension.
https://www.thisismoney.co.uk/money/pensions/article-15021765/Delayed-state-pension-tax-demand.html
5 months ago
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Paul J Davies
5 months ago
Seeing this on the news last night and just thinking: really, well done, you've bought the hammer down hardest on the thing the country most needs, just congratulations to everyone involved.
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Tanita Tikaram
5 months ago
The worst thing about racist Robert Jenrickās pretence that his racism is justified to protect his daughters from men from ā backwardsā countries is that 97% of women who contacted Rape Crisis said they knew the person who raped them.Ā 43% of girls questioned in a national survey
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