Will I inherit any of my terminally ill husband’s state pension when he dies? Steve Webb replies By Steve Webb for This Is Money Published: 07:36 BST, 30 March 2020 | Updated: 07:36 BST, 30 March 2020 I receive £150 state pension in my own right. My husband is terminally ill now. Will I receive … Read more
People are living through exceptionally hard times, and matters are not going to improve for some while – they may get much worse. When people are struggling to make ends meet, and worried about their jobs or already out of work, they will prioritise what bills they must pay – food and shelter come first. … Read more
I have had a difficult relationship with my father for over 15 years. I moved out of the family home and set up home with my partner with whom I now have a family. All communication ceased with my father and we have barely spoken since that time. My grandfather owned a significant property portfolio … Read more
The confusing array of inheritance tax rules on giveaways to loved ones should be swept away and replaced with a single ‘personal gift allowance’, say Government officials. The ‘seven-year’ rule for large gifts, which means that if you survive the money gradually becomes free of inheritance tax, should be axed in favour of a set … Read more
I’m divorcing after 26 years of marriage. My husband is 73 and I’m 61. He has a high value company pension and I have a small company pension due to part-time working to bring up the children. We have been separated almost three years now and I live with a new partner. He has agreed … Read more
Savers who are under financial pressure or have lost jobs should beware scammers tempting them to tap pension pots early or switch them into dodgy investments. Taking money from pensions before you are 55 is especially hazardous, because the taxman slaps a heavy penalty on early withdrawals and the rest of your pot may then … Read more
I’m desperate not to lose my £480k pension pot, but it’s down thousands – what can I do? Steve Webb replies By Steve Webb for This Is Money Published: 07:31 GMT, 26 March 2020 | Updated: 07:31 GMT, 26 March 2020 I have a Self-Invested Personal Pension worth £480,000. The majority of this was from … Read more
I am 60 later this year and as a deferred member of the NHS defined benefit 1995 scheme I am entitled to claim my mandatory 25 per cent lump sum and receive a monthly pension. There is no benefit to delaying taking these sums. I have worked in the private sector for the last 19 … Read more
I work for a global company which has a group pension scheme organised via a major pension firm. We are paid at the end of each month. The company contributes to our pension and will match our own contributions from our basic pay up to a level of 8 per cent. The combined pension contribution … Read more
A rush of over-75s claiming pension credit to keep their free TV licences is set to cost the Government £600million a year, This is Money can reveal. An estimated 300,000 more people have successfully applied for the traditionally underclaimed benefit since the BBC announced it was axing the licence fee perk for all but the … Read more