Millions of over-50s could be tens of thousands of pounds worse off in retirement after reducing their pension contributions during the pandemic By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:51 BST, 1 May 2021 | Updated: 21:51 BST, 1 May 2021 Millions of over-50s could be tens of thousands of pounds worse off … Read more
When I am 55, can I take my 25 per cent lump sum and put it in a Sipp, as this would give me access to many more investment funds than the handful available in my defined contribution work scheme? I would prefer to keep my work pension going though so I can still put … Read more
Low interest rates drives retirees towards riskier investments: What should you do to reduce the hazards? Rock bottom rates have influenced older people’s financial decisions Some may invest in products not covered by compensation scheme What steps should you take to ensure protection? Find out below Do you need help fixing your finances? Find a … Read more
I have just received notification of my weekly amount of state pension for this year, albeit 3 weeks after the date at the top of the letter!! My husband died four years ago and I inherited his Serps. I paid full married woman’s National Insurance contributions for the 13 years that I worked full time. … Read more
Could your pension run dry? Retirees want £21,000-a-year to spend – but two-thirds are warned their pension pots could run out Many people who retired during lockdown could end up hard up for cash Retirees need a pension pot of around £390k and the state pension, SLA says Rising inflation means people look set to … Read more
Planning for retirement is an important financial goal for most savers. Yet the complexity of pensions means that many remain uncertain about their options. In recent years, we have seen a welcome focus on simplifying pensions and giving savers control over their money. The app PensionBee has been creating a splash after it was valued … Read more
How can I boost my wife’s pension to make up for sacrificing 10 years of work to raise our children, so we can retire at the same age? Steve Webb replies By Steve Webb for This Is Money Published: 07:18 BST, 19 April 2021 | Updated: 07:18 BST, 19 April 2021 I’m in the process … Read more
Women have been underpaid state pension in a systematic blunder, as exposed by our investigations with Steve Webb A bereaved 80-year-old has fallen foul of a fresh Government state pension blunder we exposed last spring, and was denied an increase from £87 to £209 a week for half a year. Christina Hood lost her husband … Read more
Women have been underpaid state pension in a systematic blunder, as exposed by our investigations with Steve Webb A bereaved 80-year-old has fallen foul of a fresh Government state pension blunder we exposed last spring, and was denied an increase from £87 to £209 a week for half a year. Christina Hood lost her husband … Read more
The number of carers who claimed valuable credits towards their state pension slumped by nearly 20 per cent last year, new figures reveal. This is despite experts believing many more people are likely to be carrying out caring duties for loved ones during the coronavirus pandemic. Just 5,209 people claimed carer’s credits towards their state … Read more