moneypensions

How do you split pensions in a divorce fairly?

by

The tricky task of dividing pensions fairly in a divorce and stamping out ‘unintended discrimination’ against women is tackled by top lawyers in a newly published guide. Pensions are often a family’s second most valuable asset after a home, but the legal experts found a widespread lack of confidence among colleagues in the profession about how … Read more

Can I draw from an old pension and still put £40,000 a year into other schemes?

by

I am 60 later this year and as a deferred member of the NHS defined benefit 1995 scheme I am entitled to claim my mandatory 25 per cent lump sum and receive a monthly pension. There is no benefit to delaying taking these sums. I have worked in the private sector for the last 19 … Read more

Tell parents child benefit errors can hit state pension, warns NICKY MORGAN

by

Pull your finger out and tell parents child benefit errors can hit their state pension, NICKY MORGAN MP warns the Government By Nicky Morgan Mp For This Is Money Published: 13:44 GMT, 7 June 2019 | Updated: 14:09 GMT, 7 June 2019 Nicky Morgan MP, chair of the Treasury Committee: ‘The problem was wholly foreseeable … Read more

Parents are confused to find child benefit errors can hit their state pension

by

Parents have virtually no understanding that they could end up with a smaller state pension if they fail to fill in a child benefit form, according to government research. One mum described herself as ‘gutted’ when she realised she had missed out on valuable credits towards her pension, while others admitted they didn’t see the … Read more

Why it could pay to diversify your pension pot in the long-term

by

It’s a hard task getting people interested in pensions, especially those under the age of 35.  Retirement feels so far in the future for many living in the here and now. They pay in each month without being actively interested. Meanwhile, confusing messages from politicians – including our housing minister, stating that younger generations could tap … Read more

What pension will I get if I am auto enrolled into my work scheme?

by

Millions of workers who save in line with the minimum contribution rate provided by the Government will retire with little over £300 a month on top of their state pension. Exclusive research for Money Mail reveals how workers who save the suggested minimum portion of their salary towards retirement during their working lives will fall … Read more

Grieving families face lengthy waits for probate after IT glitches

by

Grieving families are facing lengthy waits to apply for probate, delaying them taking an important step to gain control over an estate after someone dies. Lawyers and other inheritance professionals say the usual 10-day process has extended to seven or eight weeks, and 11 in some cases, after an official overhaul.  The logjam is being … Read more

MPs plan a revolt against rules that hit the pensions of older British citizens living abroad

by

MPs plan a revolt against rules that hit the pensions of older British citizens living abroad The Government groups certain policies within a single legal bundle  It means pensions are stuck at rates that applied when people left the UK Anne Puckridge moved to Canada in 2001 to be near her daughter and her pension … Read more

Couple who put ‘wrong’ name on child benefit form win state pension credits

by

A London couple have successfully used a loophole in child benefit rules to win state pension credits worth tens of thousands of pounds – a victory that could help many other parents. Christina Fang and Pierre-Jean Noziere made a common error by putting the ‘wrong’ partner’s name down on their child benefit form. But the … Read more