Help! My pension pot could run out within four years if I keep taking the same income: Steve Webb replies By Steve Webb for This Is Money Published: 08:26 BST, 25 May 2020 | Updated: 08:26 BST, 25 May 2020 I am 74 years old, live in Spain with my wife and have a UK … Read more
It’s a hard task getting people interested in pensions, especially those under the age of 35. Retirement feels so far in the future for many living in the here and now. They pay in each month without being actively interested. Meanwhile, confusing messages from politicians – including our housing minister, stating that younger generations could tap … Read more
Investigation reveals that 130,000 older married women could be owed up to £100million in state pensions after government blunders were exposed Older wives may be owed up to £100million after government blunders exposed Investigation suggests that around 130,000 are receiving less than they should Some wives were mistakenly reassured they were being paid enough Probe … Read more
A 96-year-old widow with severe dementia has received more than £117,000 from the Government after being underpaid state pension for 20 years. The Department for Work and Pension is accused of ‘shocking’ treatment of Rosemary Chattell, who lives in a Cheshire care home and is unaware she has been handed the vast sum. In a … Read more
Grandparents can keep state pension credits worth £260 a year if they are childminding over phone or video chat Normal family care arrangements have been upended by Covid-19 restrictions Grandparents keeping children occupied by phone or video can still claim valuable pension credits Find out the rules and how to apply for credits below By … Read more
My elderly mum died recently leaving the family home, which was in her sole name as my dad died many years ago, to my older half-brother and I. He is my mum’s son from her first marriage, and is now 65, single and childless. He has had, since he was a toddler, little or no … Read more
Fears savers will end up paying double tax if forced to dip into pensions early in the coronavirus crisis By Ben Wilkinson for the Daily Mail Published: 22:01 BST, 19 May 2020 | Updated: 22:01 BST, 19 May 2020 Former pensions minister Steve Webb warns that overtaxing on pension withdrawals will be worse in lockdown … Read more
Having spent days researching all avenues of possible government help, there is definitively very little financial assistance or available benefits for women who are under the increased state pension age and have recently been widowed. My 69-year-old husband passed away in early April due to Covid-19. I turned 64 a week after his death and … Read more
People who start getting the state pension or receiving benefits from this week onward are barred from using a Post Office card account to collect their cash. The Government has announced new applicants will have to use a bank account, or a special scheme called the HMG Payment Exception Service if they can’t open one, … Read more
Take-up of a scheme allowing people to delay selling their houses to pay care home fees exposes a ‘postcode lottery’, according to research by a law firm. A selective survey of 10 local authorities reveals that the rate of deferred payment agreements among self-funded care home residents ‘varies wildly’ from 0.9 per cent in East … Read more