Compensation hope for women born in the 1950s who did not get enough notice over state pension age change By Fiona Parker For The Daily Mail Published: 22:00 BST, 15 June 2021 | Updated: 09:12 BST, 16 June 2021 Tens of thousands of women born in the 1950s could be entitled to compensation because they … Read more
I am 41 years old and have a Sipp currently worth £150,000. I currently contribute £16,000 to it annually. I am concerned about hitting the Lifetime Allowance and the tax implications. If I reach 57 and am nearing the Lifetime Allowance could I crystallise my pension, start a drawdown but only take a nominal income … Read more
People in workplace pension schemes run by Standard Life are being invited to stay put in retirement, rather move their pots when they want to start making withdrawals The pensions giant, which will offer this option to 1.5million savers, says there will be no additional charges for ‘in-scheme drawdown’ and you can transfer in other … Read more
Hundreds of thousands of self-employed people have endured a tough 14 months as business has plummeted. Only the Government’s income support scheme has kept many afloat. Understandably, those who run their own businesses have looked to batten down the hatches – and often, it has been the contributions they make into a pension that have … Read more
Coronavirus lockdown may force you to work for YEARS longer – unless you act now By Rachel Lacey, Financial Mail On Sunday Published: 21:50 BST, 5 June 2021 | Updated: 21:50 BST, 5 June 2021 Hundreds of thousands of self-employed people have endured a tough 14 months as business has plummeted. Only the Government’s income … Read more
Giving up work at 50 to care for a loved one can cost you almost £500,000 in lost income, new research reveals. Taking a five-year break to look after ill or frail relatives can set you back £150,000, if you earn the UK average annual income of around £29,000. Even switching to part-time work for … Read more
Many Britons are failing to put their affairs in order before they die, and potentially leaving their families to face an inheritance nightmare. A fifth of people say their parents definitely haven’t made preparations or drawn up any documents relating to their death, according to research by the investing platform Hargreaves Lansdown. One in four … Read more
Wives who were unaware they could claim a better state pension have their complaints thrown out By Ben Wilkinson for the Daily Mail Published: 22:01 BST, 18 May 2021 | Updated: 22:01 BST, 18 May 2021 The Parliamentary Ombudsman says it will not investigate grievances from wives who were denied backdated pension payments Married women … Read more
I am about to retire and I am keeping my final salary pension as I do not like risk. But I was just wondering, is it more financially viable to take the 25 per cent lump sum (it would be around £100,000) and just put it in a bank account to gain the tax-free element … Read more
Audrey and Brian Watson: Couple from Staffordshire sent a question to Steve Webb a year ago, sparking our investigation into a £3bn scandal – read their story here Elderly women battling the Government for full payouts of lost state pension have been dealt a bitter blow by the Parliamentary Ombudsman. A number have received phone … Read more