News
State Pension inheritance rule can boost payments by more than £5,000 – see if you qualify
The additional State Pension was a top-up to the basic State Pension and was replaced by the State Second Pension in 2002
Over half a million people are boosting their State Pension by more than £5,000 annually through inheritance, according to data obtained by a pension provider. A Freedom of Information (FOI) request by pensions mutual Royal London revealed that in the tax year 2023/24, over two million pensioners (approximately 2,027,440) received a payment from an inherited state earnings-related pension scheme (Serps).
This was part of the old State Pension system, which allowed individuals to accumulate entitlement to additional State Pension income. The figures indicate that around 541,760 pensioners were receiving more than £5,000 annually in inherited Serps payments, including 17,460 who received over £10,000.
If a person’s spouse or civil partner passes away, they may be eligible to inherit part of their additional State Pension. This will be paid on top of the surviving spouse’s State Pension when they reach the official retirement age, currently 66.
Surviving spouses and civil partners can potentially inherit up to an annual maximum of approximately £11,356.28 (£218.39 per week) for the 2024/25 tax year. For the 2023/24 tax year, the weekly maximum amount of inherited Serps was slightly lower, at £204.68.
The Department for Work and Pensions (DWP) released this data, which was taken from its quarterly statistical inquiry. According to the figures obtained by Royal London, the average annual inherited Serps payment for 2023/24 was £3,377, reports the Daily Record.
Thanks to the inherited pension boost, some lucky individuals are raking in over £20,000 a year from an enhanced State Pension. The simpler ‘New State Pension‘ was rolled out in April 2016.
Royal London’s consumer finance specialist, Sarah Pennells, remarked: “This data shows how much of a difference inheriting a Serps pension from your husband, wife or civil partner can make. The worry is that, while more than two million people are claiming inherited Serps, others could be missing out.
“Understanding the rules is key to boosting your retirement income.”
Pennells further noted: “As we continue to adapt to the new system introduced in 2016, which focuses on individual entitlements, understanding the legacy of Serps and its relevance for thousands of retirees remains crucial.”
For those unsure about their rights to an inherited Serps pension, Royal London advises getting in touch with the Pension Service to find out exactly what you’re due – detailed guidance can be found on GOV.UK here.
News
PRESIDENT TINUBU’S TRIBUTE TO CENTENARIAN ALHAJI TANKO YAKASAI
Of the noble men and women who stood firm for our liberty and freedom from repressive colonial subjugation, Alhaji Tanko Yakasai is the last man standing. Born a hundred years ago in Kano City, Alhaji Yakasai exemplifies a purposeful life, carving out a meaningful legacy despite humble beginnings.
Disturbed by the injustice and maltreatment he witnessed under colonial rule, he chose to join the fight for Nigeria’s liberation. As a young man, Baba Yakasai channelled his energy into the struggle for the emancipation of his people and the rest of the country as a freedom fighter, journalist, and frontline political activist.
His activism led him to join hands with comrades in the Northern Elements Progressive Union (NEPU), led by the visionary radical Mallam Aminu Kano. Through NEPU, Yakasai and his co-travellers launched a massive awakening campaign in Northern Nigeria, igniting the fire for the Independence struggle.
In the aftermath of Nigeria’s Independence in 1960, Yakasai maintained an abiding faith in the country and its development. He played several significant roles, including serving as State Commissioner in Kano under Military Governor Audu Bako and as Special Assistant on National Assembly Liaison to President Shehu Shagari during the Second Republic.
In both youth and old age, Yakasai remains a shining example of commitment to Nigeria. He is a consensus builder who consistently weighs in on the side of national cohesion, peaceful coexistence, and democratic consolidation.
In celebrating Baba Yakasai today, I am not only celebrating the man and his personal achievements, but also a century of dedicated service to freedom and democracy and many years of supporting me and the progressive cause.
I am pleased to join family, friends and associates to celebrate the life and commitment of Alhaji Tanko Yakasai as he turns 100 on December 5.
President Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief
Federal Republic of Nigeria
December 4, 2025
Business
Boris Johnson Says He Feels “Perfectly Safe” in Nigeria, Praises Imo State’s Progress
Former British Prime Minister Boris Johnson has expressed confidence in Nigeria’s security, saying he feels perfectly safe during his visit to the country. His remarks come amid ongoing reports of insecurity in various parts of Nigeria, making his statement a notable endorsement of the nation’s stability in certain regions.
Johnson made the declaration on Thursday, December 4, 2025, while addressing participants at the Imo State Economic Summit 2025 in Owerri, the state capital. He acknowledged having read travel advisories and news reports highlighting security concerns prior to his trip but said his experience has been reassuring.
He said he feels perfectly safe in the country and emphasized that the summit environment and local hospitality contributed to his sense of security. He also asked the audience if they felt safe, receiving an enthusiastic affirmation.
During his visit, Johnson commended Governor Hope Uzodimma and the Imo State Government for their development initiatives, particularly efforts to provide 24-hour electricity. He highlighted the potential of Nigeria as a hub for innovation and economic growth, noting the opportunities presented by emerging technologies such as artificial intelligence.
While his statements have been welcomed by some as a boost to international confidence in Nigeria, analysts caution that the former prime minister’s experience reflects only a controlled and secure environment within Imo State. Several parts of the country continue to face challenges, including banditry, communal conflicts, and kidnappings.
Nonetheless, Johnson’s visit and remarks are significant, sending a positive message to investors and global observers about Nigeria’s potential for stability and progress. They also underscore the contrast between localized experiences of safety and broader security challenges across the country.
Business
Dangote to Uzodimma: Just show me where to invest
By Emmanuel Iheaka, OWERRI
The President of Dangote Group, Aliko Dangote has assured Governor Hope Uzodimma of Imo State that his group will be one of the biggest investors in the state.
Dangote gave the assurance at the opening session of the Imo Economic Summit 2025 in Owerri on Thursday.
The renowned Africa’s industrialist urged Uzodimma to indicate his preferred area of investment and forget the rest.
Dangote described the Imo governor as a personal friend of decades and commended him for providing enabling environment for investment.
“We will be one of your biggest investors in Imo. So, please tell me the area to invest and we will invest”, Dangote declared.
He called on entrepreneurs to always invest at home, adding that foreigners cannot drive the economy of any nation more than the nationals.
“What attracts foreign investors is a domestic investor. Africa has about 30 percent of the world’s minerals. We are blessed,” he submitted.
Dangote reiterated that his refinery was set to launch 1.4 million barrels per day capacity, the highest for any single refinery in the world.
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GOVERNOR FUBARA APPOINTS COUNCIL MEMBERS FOR KEN SARO-WIWA POLYTECHNIC BORI
