Retirees in Britain face the worst disparity in their state pension payments when set against inflation since the triple lock was introduced over a decade ago, findings warn. In April, state pension payouts will rise by 3.1 per cent, and be based on
We are both pensioners, 74 and 70. We receive the following income: basic state pension each; council tax benefit; my personal pension. Our combined income of approximately £1,400 per month puts us just over the threshold, which has not significantly changed for
Can my mother’s husband borrow more than his share of their house? (Stock image) My mum remarried a few years ago and her new husband sold his tiny house, moved into her house and put the money into extending her house. We
The pension contribution limit for non-earners has been frozen at £3,600 for two decades, curbing what people with no current income can save for old age. They can put away up to £2,880 a year, to gain a maximum £720 or 20
Tens of thousands of women have been underpaid state pension in a £1billion scandal uncovered by This is Money and our columnist Steve Webb. Tax may be due on the large backpayments being doled out by the Department for Work and Pensions.
Former Pensions Minister Steve is This is Money’s Agony Uncle. Here’s where you can check out all his previous columns to see if any involve issues affecting you. Unfortunately Steve can’t reply to everyone who writes in, but we hope the broad
A legal failsafe for people who can no longer fend for themselves needs a major overhaul, says consumer group Which? Lasting power of attorney allows people to appoint someone they trust, usually a family member or friend, to take control of their
I worked to get my full state pension in retirement, so why are people on pension credit better off than me? Steve Webb replies By Steve Webb for This Is Money Published: 03:01 EDT, 3 May 2021 | Updated: 03:01 EDT, 3
Millions of over-50s could be tens of thousands of pounds worse off in retirement after reducing their pension contributions during the pandemic By Rachel Rickard Straus, Financial Mail On Sunday Published: 16:51 EDT, 1 May 2021 | Updated: 16:51 EDT, 1 May
When I am 55, can I take my 25 per cent lump sum and put it in a Sipp, as this would give me access to many more investment funds than the handful available in my defined contribution work scheme? I would