Corrections
Every correction we have made, when we made it, and what changed.
When we get something wrong, we fix it and we say so here. Substantive corrections are also noted on the article itself rather than silently patched — that commitment is set out in the editorial policy, and this page is how you hold us to it.
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We said: On a 25-year term, your total monthly payment might be £1,497. So in month 1, only £484.50 goes toward reducing the loan.
Corrected to: £270,000 at 4.5% over 25 years is £1,501 a month, of which £488 is capital in month one. An arithmetic error: the calculator further down the same page had been showing the correct figure, so the article contradicted itself.
Reported by an internal review.
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What is a Pension and How Does It Work?
We said: Contribute £1,000 and the government adds £250, turning £750 of take-home pay into £1,000 of pension savings — a 33% instant return.
Corrected to: Basic-rate relief is 20% of the gross contribution, so £800 of take-home pay becomes £1,000 in the pension — a 25% uplift, not 33%. The original paragraph also gave two different net costs (£1,000 and £750) for the same contribution.
Reported by an internal review. Source.
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What is a Pension and How Does It Work?
We said: The full UK State Pension is currently £11,502/year (2024/25).
Corrected to: The full new State Pension is £241.30 a week — about £12,548 a year. The 2024/25 figure was two years out of date and understated the entitlement by roughly £1,000 a year.
Reported by an internal review. Source.