In a stinging report, tax officials said people ‘can easily disadvantage themselves’ in a system that ‘appears illogical’, and told the Government to find a way to restore lost credits to parents.
Gaynor Seymour, pictured with husband Andrew, lost state pension credits over an innocent paperwork error – but she can prove she looked after their daughter during the disputed period, she says.
This is Money columnist Steve Webb and lawyer Fiona Wood jointly tackle a reader question about shamming a divorce to dodge tax. Find out the pitfalls here…
We explain forthcoming changes to the state pension age, so you can find out when you will be allowed to retire
Hundreds of thousands of grandparents and other family members could be missing out on valuable credits towards the state pension worth around £250 a year in old age, new research reveals.
My ex-husband says he has left me to inherit his NHS remaining pension in case he dies. We both have never remarried and have two children in university. Lawyer Jacqueline Major replies.
Thousands are facing a poorer retirement as a result of innocent mistakes over paperwork. Nandia Needham, pictured with husband Martin, could be £20k out of pocket over a 20-year retirement.
The couple managed to convince HMRC they were unaware his filling in the child benefit form could result in her losing state pension in old age, in a case that could help many other parents.
It may not seem like a grand romantic gesture, but making sure your spouse is financially comfortable in retirement, will go a long way towards securing your future happiness together.
Hoard your pension and spend other cash and investments first, to keep your money away from the taxman. That’s the advice experts are dishing out to retirees worried about inheritance tax.