pension

Should I use my Lifetime Isa as a supplementary pension?

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I‘ve heard that the Lifetime Isa is a bad way of saving for a pension. I’m 27 and hold a stocks and shares Lifetime Isa with Nutmeg, and I haven’t even considered whether there are legalities around what age I can take my private pension, something I haven’t needed to think about yet. Assuming I … Read more

Will I inherit any of my terminally ill husband’s state pension?

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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

What to do with your pension if you are hard up or made redundant

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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

Arcadia halts £2m pension top-ups as it tries to cling on to cash in face of coronavirus lockdown

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Sir Philip Green’s retail empire suspending payments to pension scheme as it tries to cling on to cash in face of coronavirus lockdown By Daily Mail City & Finance Reporter Published: 21:52 BST, 29 March 2020 | Updated: 22:16 BST, 29 March 2020 Sir Philip Green’s retail empire is suspending payments to its pension scheme … Read more

State pension at 75 and falling disposable incomes? This is Money podcast

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Those born in the 1980s are financially worse off than the generation before: are they really facing a state pension age of 75? The This is Money podcast By This Is Money Published: 14:38 GMT, 30 August 2019 | Updated: 14:38 GMT, 30 August 2019 This week, This is Money takes a look at a … Read more

My ex is offering me a fifth of his pension in the divorce – is that fair?

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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 struggling in coronavirus crisis warned against pension scams

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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

How do I protect my pension in falling markets? Steve Webb replies

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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

Can I draw from an old pension and still put £40,000 a year into other schemes?

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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

My firm deducts my pension contribution then sits on it for three weeks

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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