Victims of mis-sold pensions are being advised they might be better off making a claim themselves rather than going through a third party. New figures reveal that DIY claims stand a good chance of success – saving thousands of pounds in commission that might have otherwise gone to claim management companies or law firms acting … Read more
Can I take a 25% lump sum from my final salary pension and leave the rest where it is? Steve Webb replies By Steve Webb for This Is Money Published: 07:51 BST, 29 March 2021 | Updated: 07:51 BST, 29 March 2021 I’m 57 and have a final salary pension. I want to know whether … Read more
Stephen Timms MP: Chairman of work and pensions committee has asked DWP to explain how it is prioritising payouts to elderly women MPs have demanded the Government reveals how it plans to prioritise £3billion of state pension backpayments to elderly women, and make contact with heirs of those who have died. An estimated 200,000 women … Read more
Tom Selby: Anyone with spare cash should consider making the most of their available pension allowances before the tax year ends on 5 April Tom Selby is a senior analyst at financial services firm AJ Bell. The coronavirus pandemic and national lockdown has placed huge strain on millions of people’s incomes, with worries about future employment … Read more
Should I have inherited anything from my late husband’s annuity pension – and was he wrongly advised to buy one? Steve Webb replies By Steve Webb for This Is Money Published: 07:38 GMT, 22 March 2021 | Updated: 07:38 GMT, 22 March 2021 My husband has just died. When I went to get his pension … Read more
Will we ever retire? 2.6m people over 50 think they will now have to continue working ‘indefinitely’ as a result of the pandemic 1.45m people over 50 also say they will now have to delay their retirement But, some over 50s have benefited from pandemic and plan to retire early Boss of L&G Retail Retirement says … Read more
I’m currently 47 and turn 55 on 29 March 2028. I’ve also been heeding the advice of your pensions column over the years and my pension savings pot has now hit the lifetime allowance limit of £1,073,100. Gov.uk tells me that my state pension age is 67. I’m trying to plan for my financial future … Read more
My mother died last year and I asked for probate to find out what happened to her bank accounts and home. She had suffered from dementia and was in an old people’s home. I found out that my sister had access to the bank accounts and was helping herself. Later, and after my mother was admitted … Read more
Middle-class families who have been caught out by the freeze in income tax thresholds could save hundreds of pounds by boosting their pensions. The number of Britons paying the higher rate of income tax will soar from four million to five million by 2026, following Rishi Sunak’s Budget. The higher 40 per cent rate will … Read more
Older wives and women who divorced in retirement urged to check if they are entitled to a better pension By Ben Wilkinson for the Daily Mail Published: 22:01 GMT, 9 March 2021 | Updated: 22:01 GMT, 9 March 2021 The Government has put aside £3bn to pay around 200,000 wives, widows and over-80s who should … Read more