More than 5.5m workers cut or stop their pension contributions due to impact of coronavirus and lockdown By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:52 GMT, 7 November 2020 | Updated: 21:52 GMT, 7 November 2020 More than 5.5million workers have cut or completely stopped their pension contributions due to the impact of … Read more
Well off middle-aged savers pile cash into personal pensions during coronavirus crisis, but old and young put in about the same or less Average value of contributions into Sipps by 30 to 39-year olds rose by 34.7% Among 40 to 49-year olds, the increase was 18.3% Interactive Investor’s research was based on its own Sipp … Read more
Will YOU choose to retire early due to coronavirus? Older workers facing redundancy and other life challenges could decide to stop work sooner Some 32% would retire early if made redundant during the Covid-19 crisis Majority would still look for a job out of necessity or because they like work Pandemic is encouraging – or forcing … Read more
Some 1,900 women so far are confirmed to have lost out on state pension in a scandal uncovered by This is Money. Blunders were detected in one in four of the 7,200 cases processed to date by a 37-strong team at the Department for Work and Pensions, according to figures disclosed by its top official. … Read more
My wife recently lost her job because of Covid – her last salary, including redundancy payment, was at the end of September. I am a 73-year-old pensioner who has worked since I was 15 up until approximately 10 years ago. I suffer with rheumatoid arthritis and wear a hearing aid. We have savings of under … Read more
Over-75s are being reassured they can buy a TV licence without leaving home during the pandemic, after it emerged some felt they needed to post forms or get documents photocopied. Some elderly people are making postal applications because they are nervous of falling prey to scammers if they do it online or over the phone, … Read more
I am helping my 83-year-old stepmother sort out my late father’s affairs, and I have been battling with Aviva since early May over what I believe is an incorrect valuation of a life assurance policy. My father held two life policies with Aviva, of which my stepmother is the beneficiary. The terms of both state … Read more
The introduction of a new pension dashboard scheme enabling retirement savers to view details of all their pots from current and previous employers in one place is being delayed until 2023. The dashboard was originally supposed to be launched in 2019 with the aim of helping millions of people rediscover lost pension pots in an … Read more
Mind the pensions gender gap: Women working part-time face retiring with £70,000 less in their retirement pot than men A woman working part-time could retire with just £89,449, a man £161,999 A woman working full-time could retire with £137,863; for men £178,871 The gender pay gap ranges from £41,000 to £72,000, Nest said By Camilla … Read more
I would really appreciate some clarification on the scheme that allows a family member to allocate their unused National Insurance contribution to grandparents who look after grandchildren to allow their adult children to work. I understand that working parents who are eligible and claim child benefit (and who also receive pension credits through paid employment) … Read more