Four solutions to the problem of low-paid workers being deprived of pension cash paid to better off colleagues are being offered by the Government, which says it is also open to other suggestions. Critics have long demanded action over a tax flaw which means some poorly paid staff lose government payments into their pension pots, … Read more
Power of attorney holders can act for loved ones faster with a new online access code that proves their identity almost immediately Lasting power of attorney allows trusted loved ones to take over your affairs New digital ‘access code’ will be available to newly-registered holders first Holders currently use a paper process to prove their … Read more
High earners’ pension contributions could be targetted as MPs urge Government to review tax relief rates The Public Accounts Committee has called for a review of pension tax relief It said the Government did not understand if such tax breaks were effective The PAC also said it was concerned that low-paid and part-time workers were … Read more
‘I spent £21k on state pension top-ups AND deferred for five years, but saw no increase in payments’: Why did the DWP ignore his pleas for help? Saver spent substantial sum to boost his state pension by £25 a week But increase was missed off payments due to start this summer ‘I have found it … Read more
Parents secretly plan to leave a FAR bigger inheritance to their children than they expect is in store and just one in five families discuss plans People anticipate an inheritance of £78,000 on average from their parents Parents say they intend to pass on £124,000 on average Just a fifth of UK adults discuss inheritance … Read more
Penny-pinching police chiefs are attacking the pensions paid to hero officers injured in the line of duty. Disabled and traumatised former officers are being hauled before medical review panels in ‘unlawful’ attempts to cut their pension packets, campaigners claim. Around 13,000 wounded officers who can no longer work receive an injury pension, with the money … Read more
My husband died in December 2003. He knew he was dying and so thought he had managed to put all his financial affairs in order. For many, many years he paid ‘state earnings-related pension’ on top of his basic tax so that when he retired he had a very good state pension by paying the … Read more
My husband died in December 2003. He knew he was dying and so thought he had managed to put all his financial affairs in order. For many, many years he paid ‘state earnings-related pension’ on top of his basic tax so that when he retired he had a very good state pension by paying the … Read more
State pension scandal: Labour raised the issue in parliament The heirs of elderly women who die without realising they were underpaid massive sums in state pension will receive the money, the Government has confirmed. Tens of thousands of women are owed a fortune in lost state pension due to a huge blunder uncovered by This … Read more
Nearly two out of three over-75s say they are more likely to avoid moving to care homes following the coronavirus crisis, new research reveals. An estimated 30,000 care home residents have died during the pandemic so far, sparking a row in recent days between the Government and care providers over who was to blame. Failings … Read more