Articles by Helen Morrissey

I’m 65. Should I take my pension pot now or save it elsewhere until I do retire?

Wednesday, 19 December 2018 | Question and Answer

The pension freedoms introduced in April 2015 gave unprecedented flexibility to how people take their income in retirement.

Is gifting to your kids before going into care considered hiding assets?

Friday, 07 September 2018 | Question and Answer

It is completely understandable that your parents want to get their finances in order now they have been taken into care. But they will need to be careful not to fall foul of council rules on deprivation of assets.

I took a pension withdrawal and paid tax when I shouldn’t have

Wednesday, 18 July 2018 | Question and Answer

As it currently stands, there are two options available to people looking to take ad hoc withdrawals from their pension pot. These are called flexi-access drawdown and uncrystallised funds pension lump sum (UFPLS).

Can I pay into my pension, get government tax relief then withdraw both sums - and do it again every year?

Wednesday, 27 June 2018 | Question and Answer

Yes, in theory you can do this, but you should be aware that the whole area of pension recycling is one that the government is looking at carefully.

Should I take a lump sum or enhanced payment from my deferred state pension?

Monday, 19 March 2018 | Question and Answer

It’s worth highlighting that the lump sum option is only available to those who reached state pension age before 6 April 2016.

Should I make up the shortfall in my National Insurance Contributions?

Friday, 16 February 2018 | Question and Answer

Making voluntary NICs can prove good value for those who aren’t heading for the full state pension.

Ask the Experts: Will I receive national insurance credits and will they boost my pension?

Monday, 26 June 2017 | Question and Answer

Yes, the information you’ve been given is correct. There is a little known automatic national insurance credit scheme in place, which applies only to men who were born before 6 October 1953.