Tag Archives: 500000

State pension set to rise but nearly 500,000 British pensioners won't get boost

If a person lives outside of these countries, they won’t get the yearly increases.

Should the affected person return to live in the UK, then their pension will go up to the current rate.

The Department for Work and Pensions (DWP) issued guidance on the benefits and pension for UK nationals in the EU, EEA or Switzerland following the confirmation of a Brexit deal having been reached last year.

It states: “You can carry on receiving your UK State Pension if you move to live in the EU, EEA or Switzerland and you can still claim your UK State Pension from these countries.

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This post originally appeared on Daily Express :: Finance Feed

Theresa Balboa not in court as $500,000 bond set in 5-year-old Samuel Olson's death

HOUSTON, Texas (KTRK) — Theresa Balboa, who is charged in connection with the death of 5-year-old Samuel Olson, was not in a Harris County court Friday as a judge set her bond at $ 500,000.

Balboa arrived back in the Houston area in a Jasper County Sheriff’s Office cruiser as dawn broke Friday morning. ABC13 was among the first in the city to capture the arrival.

WATCH: Father of Theresa Balboa’s children speaks out for the first time

Balboa is charged with tampering with evidence, in particular a human corpse, and she may face an upgraded count, pending an investigation.

A judge in the county’s probable cause court denied Balboa a personal recognizance bond, which would have effectively released her from jail without posting bond.

If Balboa makes the bond, the judge required her to wear an electronic ankle monitor, ordered under house arrest, and banned her from unsupervised contact with a child under 17 years old.

FIRST ON 13: See the moment Theresa Balboa arrived at Harris County Jail on Friday

Balboa was not present as the charge and details of the case were read out loud. The court cited Balboa’s holding at the time in the mental health unit of the jail.

So far, Balboa is the only one who has been arrested in the case of Samuel’s death, but HPD said they are talking to more people, including Samuel’s father, Dalton Olson.
NOTE: Some details of the case may be disturbing. Viewer discretion is advised.

READ MORE: Horrific new details in death of 5-year-old Houston boy

On Thursday, newly-released court documents revealed that Dalton called police on Thursday, May 27, to report his son missing, just days before the child’s 6th birthday. Dalton said Balboa had been babysitting for Samuel since April 30. That has also been confirmed as the last day that Samuel was in school.

Balboa claimed that at about 7:30 a.m. on May 27, Samuel’s mother, Sarah Olson, arrived at the home with another man and took the little boy without permission. Sarah, however, provided authorities surveillance video from her home to show she couldn’t have taken the child.

WATCH: Reporter Notebook: Covering the death of Samuel Olson

While authorities and volunteers with Texas EquuSearch combed a field looking for signs of Samuel on Monday, authorities now believe the little boy had already been dead for weeks.

Balboa’s roommate told police that it was about May 10 when Balboa called him to say Samuel was dead. He says he came home to the apartment in the 15600 block of the Gulf Freeway and found Samuel bruised, and unresponsive on the bed.
The male roommate further told police that he and Balboa put the boy’s body in the bathtub and left him there for two days.

On May 13, he says he bought duct tape and a plastic box from a Walmart, and that he and Balboa wrapped up the child’s body, placed it in the box and took it to a storage unit on Highway 3 in Webster.

During the search for Samuel on Monday, Balboa reportedly called a friend and told him she needed help because she had been in a fight. The man picked her up in Cleveland, Texas, at a Walmart parking lot. They drove to the storage unit in Webster, picked up a storage container with a foul odor and drove to the Best Western in Jasper, according to court documents.

Following a Crime Stoppers tip call, Jasper police entered the hotel room and found the body they believe to be Samuel in a plastic tote box. Houston police showed up to the motel room and said in court documents that they found Balboa in the bathroom. She told them he was in a box.
The detective noted having to pry open the lid that was held on with tie wraps and encountering the smell associated with a decomposing body.

Samuel’s body was transferred to Harris County for an autopsy Thursday.

WATCH: Will doctors be able to determine how Sam Olson died?

Samuel’s mother, Sarah, spoke through her attorney about the charges against Balboa.

“Theresa is in custody, but she also strongly believes that the adults, you know, the child’s father, should also be in custody, because she feels 100% that they both have something to do with this,” attorney Marco Gonzalez said. “So, she’s hoping, you know, praying that he also will be taken into custody. So that justice can be done for Samuel.”

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RELATED: Girlfriend of missing boy’s dad charged after a child’s body found in motel

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Author: Charly Edsitty

This post originally appeared on ABC13 RSS Feed

Pension warning: You may need £500,000 for your retirement – act now

Pension saving is undoubtedly a challenging endeavour, and one which may take a significant amount of time to achieve. While retirement income can come from many different places, building up suitable funds will be important, especially with a constant stream of income from a salary or wages removed in later life. As a result, Britons are being urged to take pre-emptive action, as soon as possible, to ensure they are amply prepared. 
However, planning ahead often means looking at calculations, which Britons may favour undertaking themselves or outsourcing.

Regardless of the method, looking at finances ahead of time will be particularly important to ground oneself in the reality of financial responsibilities.

Ms Savova added: “As a rule of thumb, I tend to divide the amount you need by four percent, which is not the easiest mathematical calculation.

“However, it does tell you that roughly you need a pension pot of £500,000 if you’re going for that, and that, in and of itself, is a huge amount to have saved.”

She urged individuals to take action ahead of time, rather than at the moment of retirement to ensure they have enough to see them through their later years.

But when thinking about this time in one’s life, and making these calculations, there is a process which is worth following.

As Ms Savova explained: “You need to work out what is the total pound pension pot that you need to have saved at the point of retirement.

“This will enable you to then calculate roughly how much that will give you for the rest of your life.

“Assuming the standard retirement age is 65, if you want to retire early, you’re going to need more, but let’s assume it’s 65.

“You’ll need to work out the total pound amount, and a rough assumption is that you’ll be able to take four percent of that out every year through a pension product.

“That will kind of tell you how much you have and whether you can afford to do what you want to do in retirement.”

While Ms Savova acknowledged her calculations are based on Britons solely deriving a retirement income from a pension pot, she also stated there are various other sources of income.

Of course, of particular importance to Britons will be the state pension payments they receive each year, which can vary according to National Insurance contributions.

But also, for those retiring overseas in certain countries, the state pension will be frozen, meaning expats will not be able to benefit from annual rises.

It is issues such as these which Ms Savova stated should be taken into consideration.

In so doing, individuals will be able to break down their budget themselves and plan for the next 20 to 30 years and potentially beyond, in retirement.

Finally, Ms Savova concluded by stressing it is always important to have goals in mind when working towards retirement. 

As saving is both an “emotional” and “monetary” exercise, striking the right balance through forward-planning will be key. 

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This post originally appeared on Daily Express :: Finance Feed

Iran exports 500,000 barrels of oil per day despite US sanctions

Author RT
This post originally appeared on RT Business News

Iran’s crude oil exports since the start of the month have averaged around 500,000 barrels per day (bpd), according to a Reuters report that cites estimates from tanker tracking companies.

This is lower than March levels but much higher than a year ago, the report noted.

“Exports have continued at these elevated levels longer than we expected,” Reuters quoted the CEO of Petro-Logistics, Daniel Gerber, as saying. “And with constructive talks occurring in Vienna, we may never see a return to the 2020 lows.”

Also on rt.com Oil prices could drop to $ 10 in 2050, energy consultancy warns

Calculating Iranian crude oil exports is difficult because of the cargo-masking and ship-to-ship transfers that Iran uses to circumvent US sanctions that caused a slump in both its production and exports of oil. Yet, with the change of administration in Washington, hopes have returned that the United States could rejoin the Iran nuclear deal and lift sanctions.

Read more

Rising Middle East production may trigger a new OIL PRICE WAR

Rising Middle East production may trigger a new OIL PRICE WAR

Earlier this year, Tehran officials said that the country had started to ramp up oil production in anticipation of an agreement with the United States, which could see some 2 million bpd of Iranian oil — or even 2.5 million bpd — return to international markets. However, negotiations are still ongoing, and their success remains uncertain. Meanwhile, however, discount Iranian oil is getting on the nerves of some of its fellow OPEC members.

“These ‘sensitive’ barrels are hammering supplies from everywhere, as they are simply too cheap,” one Chinese trader told Reuters earlier this month.

“The recent jump in Iranian crude exports, notably to China, and crude going out of inventories are contributing to the weakness of the oil market, undermining OPEC+ efforts to limit supply and setting prices for a third weekly drop,” Rystad Energy said in late March.

China is by far the biggest buyer of Iranian crude: its March imports of the discount crude could have reached 1 million bpd, according to a Reuters report citing analysts and commodity traders.

This article was originally published on Oilprice.com

Spiritfarer Celebrates 500,000 Sales With Free 'Lily' Update, Out Today

Spiritfarer developer and publisher Thunder Lotus has today announced that its hit “cozy management game about dying” has surpassed 500,000 sales worldwide.

The announcement coincides with the launch of the game’s first free update – one of three free additions planned to launch for the game throughout the year. This first of these is called the ‘Lily Update’, and can now be downloaded regardless of your chosen platform.

Here’s what you can expect to find:

“In this small yet important addition to Spiritfarer’s main game, Stella’s memories begin to blossom as wondrous flowers over her cabin. These flowers house butterflies that roost to form Lily, the Butterfly Spirit! Stella’s new spirit friend is revealed to be an important figure from her past; Lily will help our hero gain perspective on her life as she approaches the touching conclusion to her journey…”

The new character, Lily the Butterfly Spirit, will guide the player through several scenes which are said to “add depth and detail” to Stella’s story. Additionally, the update brings improvements to local co-op play and fixes various bugs.

“As ever, the updates we’re bringing to Spiritfarer this year are all about the fans – those who helped make this our studio’s most popular game ever,” says Spiritfarer Creative Director Nicolas Guérin. “We wanted to keep the Lily Update small, to address the single most common feedback we’ve received from players since launch: fans want to know more about Stella and what, ultimately, her quest is about.”

This article originally appeared on Nintendo Life | Latest News