PENSIONS have become a big focus for the government in recent times. In previous years, it was found that many workers missed out on valuable pension benefits because their employer didn’t offer a pension, or the employee simply didn’t join the company pension scheme. The government stepped in to rectify these issues by introducing the automatic enrolment initiative.
STATE pension is only accessible from certain ages which tend to rise over time. Currently, the state pension age is 65 and it is scheduled to increase to 66 by October 2020. It will then rise to 67 by 2028 and it will continue to rise beyond that but the government regularly reviews the timetables.
THE State Pension helps support people financially after they have retired thanks to a monthly allowance paid to them by the Government. But does everyone get a State Pension?
Using these marketing tricks, there’s light at the end of the funnel.
PENSION scams are a thing that no one should experience. For pension scams, the focus will be on taking the pension assets themselves and scammers are becoming more sophisticated with their methods. Pension Wise, the impartial pension advisory service, has issued guidance on how these pension scams work and what can be done to avoid them.
STATE PENSIONS are due to increase this April – and Express.co.uk spoke to personal finance experts on how you can boost your state pension income that little bit further.
STATE pension income could be factored into income tax calculations along with personal pensions and certain benefits. However, how the taxes are paid will vary based on the individual circumstances.
THE GOVERNMENT will outline plans to allow employees to join workplace pension schemes from 18 instead of 22 this week, to build on the success of auto-enrolment.
RETIREMENT AND ME interviewee David has explained what his part-time job means to him, as he explains how he spends the extra £400 a month on top of his “reasonable” state pension and “very small” private pension.
ROYAL Mail chiefs were accused of penalising pensioners yesterday after announcing inflation-busting stamp price rises of up to 8.6 percent.