As the cost of living crisis continues, many older Britons approaching retirement may want to double check when they will start to receive this cash boost in order to plan for their future. State pension age needs to be reached to be able to get the state pension, but this threshold is currently rising. The […]
While the state pension will receive a 10.1 percent boost, over 500,000 people are set to miss out on any rise at all. State pension increases are only permitted if a person lives in certain places. Expats who reside in certain countries see their state pension payments frozen instead of receiving the same increases that […]
The annual deadline for completing a self-assessment tax return is exactly one week away so this is the last chance to avoid a fine from HMRC for late filing and claim valuable tax relief on pension contributions. All returns must be submitted by midnight on Wednesday January 31, with around 12 million in total needing […]
The state pension age is currently 66, and will rise to 67 and subsequently 68 in future, impacting millions of Britons. Currently, a state pension age review is considering the speed at which these increases should be implemented, and whether present rules are appropriate. However, Age UK has warned a rising state pension age could spell trouble […]
One expert recently said the state pension age increase would have to be accelerated due to financial worries for the Government. Steven Cameron, pensions director at Aegon, said: “The Government will shortly publish findings of its review into state pension age. “There’s a strong likelihood that on affordability grounds, this will have to increase beyond age 67, earlier than currently […]
Tom Selby, the head of retirement policy at AJ Bell, explained: “No country has experienced quite as much controversy over state pension reform as France, with the Government previously reluctant to push through change for fear of sparking mass protests. “Indeed, pensions were part of the reason we saw the angry ‘Gilet Jaunes’ demonstrations in […]
A payment issue, impacting mostly women, means many people are thought to have been underpaid their state pension. The problem relates mostly to the older state pension scheme known as the basic state pension. As part of this, women were able to claim a state pension based on the National Insurance record of their husband, deceased […]
Clive Bolton, Managing Director of Protection, Savings & Retirement at LV=, said: “Planning for retirement can be complex but it is important to get right. People approaching retirement need to take some time to think about what they want to do when they eventually stop work, the lifestyle they want and how much it will […]