My partner died suddenly after we lived together for 23 years: We never married, so do I have any right to his pensions? Steve Webb repliesBy Steve Webb for This Is Money Published: 03:50 EDT, 14 September 2020 | Updated: 03:50 EDT, 14 September 2020
Who takes charge when parents die without a will? How to avoid a costly war breaking out between siblingsPeople who make a will appoint one or more executors to sort out an estateIf no one was selected to carry out this task, it can lead to a power struggle Disputes push up costs, which come out of people’s inheritance, warn lawyers How do you avoid the damaging fallout? Find a 10-point guide belowBy Tanya Jefferies for Thisismoney.co.uk Published: 03:50 EDT, 14 September 2020 | Updated: 03:50 EDT, 14 September 2020
One in 10 workers freeze pension saving during the Covid-19 crisis, risking the loss of tens of thousands from retirement potsPeople are giving up pension saving because they need cash for essentialsOther reasons are being made redundant or furloughed, says Canada Life A 30-year-old earning £30,000 stands to lose more than £45,000 by taking a three-year break from contributionsHow to sort out your pension: Guides for savers in their 20s and older belowBy Tanya Jefferies for Thisismoney.co.uk Published: 03:37 EDT, 12 September 2020 | Updated: 03:37 EDT, 12 September 2020
As the government prepares to turn off the furlough taps and withdraw its other coronavirus support schemes, perhaps it might be time to start thinking about your finances again.
HALF of final salary pension transfers since the Covid-19 outbreak have tell-tale signs that savers are being scammed, warn fraud expertsA steep rise in ‘red flag’ cases is being highlighted by anti-fraud detectorsThey have reported findings to MPs, who are probing pension scams There is a spike in schemes charging suspiciously high and unnecessary feesBy Tanya Jefferies for Thisismoney.co.uk Published: 09:32 EDT, 10 September 2020 | Updated: 09:32 EDT, 10 September 2020
So will you have to wait longer for your private pension? New rules coming in 2028 mean thousands of savers may need to rethink their retirement plansCurrently savers can access private pensions ten years before state pensionsNew rules will force anyone now aged 47 or younger to wait an extra two yearsSavers may need to rethink retirement plans and may face unexpected costsHere we explain what you need to know about the new rules… By Robert Jackman For The Daily Mail Published: 17:01 EDT, 8 September 2020 | Updated: 04:32 EDT, 9 September 2020
My ex-husband contacted me recently because he intends to take advantage of the change in UK pension law, to allow him to withdraw 25% now and the balance in monthly or yearly payments.
I am 64 and don’t get my state pension until I am 66. Will I be entitled to my late husband’s state pension or have I been cheated out of that the way I have been cheated out of my state pension?
A report published today calls for employers to provide greater assistance to those workers who want to transfer their ‘defined benefit’ pension plan into a scheme that they can manage themselves.
Over-75s may STILL be able to claim a free TV licence – or spread the cost if they’re struggling financiallyThe free TV licence for people aged 75 or over has been scrapped But claiming a Pension Credit would make you eligible for a free TV licence Or you can spread the cost in six monthly payments of £26.25, or 12 monthly instalments of £13.12By Toby Walne for The Mail on Sunday Published: 17:01 EDT, 5 September 2020 | Updated: 04:29 EDT, 6 September 2020