My ex-husband contacted me recently because he intends to take advantage of the change in UK pension law, to allow him to withdraw 25 per cent of his pension in a lump sum (tax-free) and then receive the balance in monthly or yearly payments. As we have a UK divorce order from 2002 which ordered … Read more
My husband was a firefighter for 30 years but died before getting his state pension – will I inherit it? Steve Webb replies By Steve Webb for This Is Money Published: 10:51 BST, 7 September 2020 | Updated: 10:51 BST, 7 September 2020 I wonder if you could clear up a question for me. I … Read more
Employers told to make it easier for savers to transfer out of a defined benefit pension A report is calling on firms to make it easier for workers to run their own pension More advice needs to be made available, the report says Or else there is a danger that savers could end up dealing … Read more
Hard-up workers could end up only being able to access their pension pot cash from the age of 60 in future, experts have told This is Money. On Thursday, the Government confirmed that from 2028 the age at which people can access their pension money will rise from 55 to 57. This means anyone currently … Read more
I am writing on behalf of my sister who has insisted that she is unable to get universal credit and I just don’t get it. My sister has worked since leaving school and has National Insurance contributions to reflect this. Now 62 years old, she is returning to work as a teaching assistant in September. … Read more
Danger of will disputes growing as nearly half of elderly parents plan to split their wealth unequally between children in their will Only 55% of parents plan to dish out inheritance equally to children 40% of adult children or relatives said they would take steps to boost their share Only around 20% of people have … Read more
The future of the ‘triple lock’ that guarantees annual state pension increases of at least 2.5 per cent is rumoured to have caused a rift at the top of the Government. The pledge is highly valued by elderly voters and Prime Minister Boris Johnson is reportedly keen to keep his election promise to maintain it … Read more
My father has had Parkinson’s for the last 10 years but it has only recently got debilitating. My brother and his wife moved down to be close to him and ended up moving in with him. My dad has recently written a will in which my brother and myself are left equal shares of his … Read more
A new football-themed campaign to flag the risks of pension fraud is being fronted by legendary commentator Clive Tyldesley. Men in their 50s, who are the ‘average victim’ of pension scammers, are being urged to show them the red card by the veteran voice of football matches. The effort to raise awareness about typical pension … Read more
Just a fifth of women in the UK are aware that their pension savings are invested in the stock market, a new survey has revealed. While a higher proportion of men surveyed understood their pension was in the stock market, that still leaves a staggering 69 per cent of the country’s workers ignorant as to … Read more