Pensions

The cost of changing women's state pension age: have women born in the 1950s been short-changed?

In 1995, the government announced plans to increase women’s state pension age from 60 to 65 in line with men’s. As a result, many women in their early 60s now are facing financial hardship.

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1.75 million lower earners missing out on pensions tax relief because solution not 'cost-effective'

Tuesday, 09 April 2019 | News

As many as 1.75m lower paid and part-time workers are missing out on tax relief on their pension contributions worth £60m a year, according to Royal London.

Workers could lose valuable employer contributions if they scale back their own workplace pension payments

Monday, 08 April 2019 | News

A legal loophole could allow unscrupulous employers to stop contributing to struggling workers' pensions if they choose to lower pension payments.

Will I pay tax on withdrawing my pension?

Wednesday, 03 April 2019 | Question and Answer

Small pension pots like yours can be withdrawn very tax efficiently. However, you need to take account of all the taxable income you receive in the same tax year.

Half a million older workers are paying too much tax because they have not deferred their state pension

Wednesday, 03 April 2019 | News

Half a million of people working past retirement age may be paying too much tax on their state pension, new analysis reveals.

Two common pitfalls of taking money from your pension fund

Friday, 29 March 2019 | Blog | By Ray Black

Pension freedoms now enable you to access the money you’ve saved in a pension from age 55 and you don’t have to use the money to buy an annuity.

Retirees could save thousands of pounds of pension tax by waiting until the new tax year

Thursday, 28 March 2019 | News

Deferring a drawdown payment by a few weeks could knock thousands of pounds off pensioners’ tax bills. 

How to spot a pension scam

Tuesday, 19 March 2019 | TV /Video

Doctors to sue government for age discrimination over pension changes

Wednesday, 13 March 2019 | News

Doctors are suing the government for changes made to their pension scheme that will make them worse off in retirement.

Win £1,000: Take the Great British Retirement Survey

Monday, 11 March 2019 | News

Take part in our new survey and you could be in with a chance of winning £1,000 or one of five £100 shopping vouchers.

"I have lost over £40,000 so far and had to sell my house": Moneywise hears from women affected by the state pension age change

Friday, 08 March 2019 | Article

On International Women’s Day, Moneywise publishes some of the letters we received from women affected by the state pension age changes