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Pension experts warn over risk of ‘chaos’ and ‘confusion’ when Government raises age savers can tap private pots to 57 from 2028 Age you can tap into your private pension is due to rise from 55 to 57 in 2028 The Government is consulting on how best to implement the change It proposes giving pension … Read more
Over the past few months, a climate of fear has been brewing at the heart of Government. Behind closed doors in Whitehall and Westminster, ministers are said to be gripped by a sense of panic. But this has nothing to do with the pandemic, or with viral mutations arriving here from the favelas of Rio … 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
Orphan pensions and investments worth £800m could be handed to charity under plan to widen ‘dormant assets’ scheme Some £745m has been raised from inactive bank and building society accounts Insurance and pension policies, shares and other investments to be covered too Move requires legislation so it is unclear when money will start being released … Read more
Coronavirus bill: Rishi Sunak is already signalling that as soon as a Covid recovery dawns, he will be looking to raise cash The Chancellor could pose a big risk to the finances of pension savers and retirees in 2021. Rishi Sunak is already signalling that as soon as a Covid recovery dawns, he will be looking … Read more
Brexit is ‘done’, as the slogan goes, and begins officially on Friday 1 January. We have rounded up the most important changes to personal finances after Brexit, so you can enter this new era feeling well-informed and confident on money matters. Leaving the EU: What will Brexit mean for your money from January 1? Travel … Read more
From work to pensions, passports and pets, what Britain’s new Brexit deal with the EU means for you By John Stevens Deputy Political Editor For The Daily Mail Published: 22:19 GMT, 30 December 2020 | Updated: 22:22 GMT, 30 December 2020 From work to pensions, what Brexit means for you… Working UK citizens no longer … Read more
It’s time for payback: Government didn’t do enough to allow all women to collect their rightful pensions, says BEN WILKINSON By Ben Wilkinson for the Daily Mail Published: 22:01 GMT, 29 December 2020 | Updated: 22:01 GMT, 29 December 2020 You don’t get anything for free nowadays. You have to fight for it. Back in … Read more
This year, thousands of women collecting the state pension found out they were being paid less than they ought to be. Some have won tens of thousands of pounds back and had their pensions increased by hundreds of pounds a year. But many have been denied a full rebate – despite missing out on a … Read more
Why don’t my company pensions built up before 1988 rise with inflation? Steve Webb replies By Steve Webb for This Is Money Published: 08:24 GMT, 21 December 2020 | Updated: 08:24 GMT, 21 December 2020 I have two final salary pensions neither of which give me any annual uplift in respect of service (and thus … Read more