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Three out of four people would like to move home and spend their retirement in a new location, research reveals. Favoured destinations, picked from a shortlist of picturesque towns across the UK, included Christchurch in Dorset and St Andrews in Fife, Scotland. Ambleside in Cumbria, Skipton in Yorkshire and Wilmslow in Cheshire also made the … Read more
I am currently really keen to change job and work in a completely different sector. A role has come up that I’ve been offered before and would likely be offered again in the NHS. I currently earn £49,000 a year working a four-day week with a company pension contribution of 4 per cent and me … Read more
Hundreds of thousands of savers face a retirement income lottery as providers are poised to put their pension pots into a hotchpotch of ‘one-size-fits-all’ investment funds. From tomorrow, over-55s who dip into their pension for the first time without getting financial advice – and who have not indicated a wish to manage their pension fund … Read more
Many elderly women lost out on state pension because junior civil servants failed to manually update their individual records during past decades, it has emerged. Well over a 100 government staff are now working to assess and manually correct individual records and more are being assigned to sort out the ‘significant legacy issue’, MPs have … Read more
Inherited a share of pension pot: Ellie Lacey, 19, pictured with her father Peter Four grandchildren have escaped a costly tax trap after financial giant Fidelity admitted to making an error over an inherited pension pot. The firm wrongly told them they had triggered a little-known tax rule that would have drastically limited their ability … Read more
Young people now care much more about pensions, with interest often sparked after they save a £5,000 pot, new research claims. Over the past three years, there has been a 58 per cent rise in 18 to 34-year-olds who feel confident that they will be able to afford retirement. What that requires varies according to … Read more
I am a 53 year old man who has worked since leaving school. From 1988 to 2006 I belonged to a company pension which required me to be ‘contracted out’ for 18 years. How will this affect my state pension? SCROLL DOWN TO FIND OUT HOW TO ASK STEVE YOUR PENSION QUESTION Payments reduced: How … Read more
How to split pensions fairly in a divorce: Free jargon-busting guide launched to help couples divide one of their most valuable assets Couples often focus on splitting property and savings in a divorce Divorcing women in particular can forfeit thousands of pounds if pensions are not included in a settlement A Survival Guide to Pensions … Read more
The weekly cost of staying at a care home is £848 on average but varies dramatically across the country, new research reveals. At the extremes, prices range from £1,488 a week in Islington in London to £621 in Blaenau Gwent in Wales, according to figures from insurer Legal & General. The local cost breakdown comes … Read more
My partner has lost her widow’s benefit because we live together – is this right, or fair? Steve Webb replies By Steve Webb for This Is Money Published: 07:43 GMT, 18 January 2021 | Updated: 07:48 GMT, 18 January 2021 The Department for Work and Pensions has recently claimed my partner is no longer entitled … Read more