Savers who are under financial pressure or have lost jobs should beware scammers tempting them to tap pension pots early or switch them into dodgy investments. Taking money from pensions before you are 55 is especially hazardous, because the taxman slaps a heavy penalty on early withdrawals and the rest of your pot may then … Read more
I’m desperate not to lose my £480k pension pot, but it’s down thousands – what can I do? Steve Webb replies By Steve Webb for This Is Money Published: 07:31 GMT, 26 March 2020 | Updated: 08:51 GMT, 26 March 2020 I have a Self-Invested Personal Pension worth £480,000. The majority of this was from … Read more
The global stock crash will have horrified many savers who are living on income from their pension investments in retirement. The coronavirus crisis wiped nearly 8 per cent off the FTSE 100 in a single day on Monday, after Italy locked down its population and the oil price plummeted. Today, president Donald Trump’s ban on … Read more
I work for a global company which has a group pension scheme organised via a major pension firm. We are paid at the end of each month. The company contributes to our pension and will match our own contributions from our basic pay up to a level of 8 per cent. The combined pension contribution … Read more