Married women who fear they are being underpaid state pension can use new tool to check their record State pension scandal: Underpayments tot up to £35k-plus in our probe to date The DWP has refused to confirm whether a full, systematic review is under way Are you being underpaid? Steve Webb and his firm LCP … Read more
Beware the early pension tax trap: Savers told not to make unnecessary early withdrawals By Ben Wilkinson for the Daily Mail Published: 22:00 BST, 12 May 2020 | Updated: 00:15 BST, 13 May 2020 Savers are being warned not to make unnecessary early withdrawals from their pensions or risk triggering a costly tax trap. With … Read more
I cashed in my entire private pension which was £91,000. I received around £62,000 and I applied for tax back four months ago. I still work but have been off the last five months with anxiety and depression, so obviously haven’t earned the same as usual. I’ve earned just over £8,000 this year. I bought … Read more
Take-up of a scheme allowing people to delay selling their houses to pay care home fees exposes a ‘postcode lottery’, according to research by a law firm. A selective survey of 10 local authorities reveals that the rate of deferred payment agreements among self-funded care home residents ‘varies wildly’ from 0.9 per cent in East … Read more
Pensioners are urging insurers to help them through the virus crisis by giving them a lump sum rather than paltry drawn-out annuity payments. Money Mail has long campaigned for pensioners trapped with small annuities to be allowed to take a more meaning- ful amount. Alan Fowler, 72, has an annuity from Legal & General (L&G) … Read more
Paid £6k: Glenis Madden had previously asked the DWP to check her state pension – but was told it was CORRECT just a few months ago An untold number of elderly women could have lost out on thousands of pounds in state pension due to a devastating blunder by the Government. In the past few weeks, … Read more
Retirement concern: My employer has passed my final salary pension to an insurer – how safe is it now? I have just read your column on final salary pensions. In common with many others, my employer passed on its scheme to an insurance company which now pays me an annuity. What happens to my pension … Read more
Any saver expressing interest in ditching a final salary pension is to be warned off in a letter telling them it’s unlikely to be in their best interests. Regulators have ordered pension schemes to start sending anyone requesting a cash valuation a letter urging them not to act in haste during the coronavirus outbreak, and … Read more
My dad, who’s 84, doesn’t want to sign a simple will I typed up for him. He’s a working class man who thinks wills are only for rich people. The only item in the will is his house, which will be split 50/50 between my brother and I anyway. We’re only trying to bypass the … Read more
Fifty financial advisers team up to offer free half-hour sessions to over-50s with money troubles in cororavirus crisis You can book a ‘no strings attached’ call with a regulated financial adviser at emergencyfinancialadvice.org You can also read answers to common questions and email your own to the site Service was launched by William Burrows of … Read more