pensions

Saving for retirement: shovel when you can

A friend of mine has been working in a good job in publishing for a decade now, saving diligently to buy her first home

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Can I cancel my annuity and take a lump sum?

Unfortunately, the decision to purchase an annuity is, in the vast majority of cases, irreversible so you would be unable to cancel it.

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Pension freedoms tax trap catches out up to 150,000 each quarter - here's how to claim your money back

Just 12,600 pension tax claim forms were completed in the first three months of 2019, but official figures suggest the actual number of those that have been overtaxed is much higher.

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Retirees paying billions more in tax than previously thought

Royal London is accusing the government of ‘sneaking out’ figures which show that pensioners are paying £4 billion in year more in tax than had previously been thought.

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Can I benefit from my late husbands’ state pensions?

As your state pension age is after April 2016, the new state pension rules apply to you. In most cases, your state pension is now based on your own NI record and therefore will be paid at your state pension age.

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"I’m 45 with NO pension – is it too late to start one?"

One reader asks whether, at 45, he should start a pension or focus on Isa saving

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Create a 'state pension for care' to fund social care crisis, says Damian Green MP

Over 50s should pay a 1% surcharge on their national insurance contributions (NICs) to help fund the care crisis, says a new report.

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NHS doctors to reduce working hours unless their pensions are reformed

The British Medical Association (BMA) has warned the Chancellor that unless the government makes ‘tangible’ improvements to the NHS pension, doctors will start reducing their working hours.

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Savers underestimate the level of FSCS pension protection, as £85,000 cover extends beyond cash savings

Most people are unaware of level of protection they receive from the Financial Services Compensation Scheme (FSCS) for pension products.

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

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.

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