Over two years ago, I reached out to the Department for Work and Pensions in Wolverhampton to inquire about any pension payments my late mother may have been entitled to. Unfortunately, I received a generic response stating that I didn’t need to take any further action and to simply wait for their contact. However, I …
Janice Chapple had always been assured by her mother Phyllis that she would inherit her possessions eventually. However, when Phyllis passed away in 2012 and left her estate to Janice’s stepfather Vic, Janice remained hopeful that her family’s fortune would eventually come to her. Unfortunately, Vic had secretly rewritten his will and left all of …
According to a recent study, the state pension could reach over £14,000 a year by 2030 if inflation proves to be higher than expected. The ‘triple lock’ system guarantees that the state pension increases each year by the highest of price inflation, average earnings growth, or 2.5%. Both the Conservative and Labour parties have promised …
I am currently receiving my state pension at a rate of £180.97 per week. After reviewing my National Insurance records, I discovered that I have 37 years of full contributions and seven years with no full contributions between 1977 and 1984. During this period, I was caring for my children, who were born in 1976 …
Annual dinner: The Chancellor, in his Mansion House speech, launched significant reforms to the pension system. He boldly claimed that these reforms would make the average saver £1,000 better off every year in retirement, thus using pensions as a tool to boost UK growth. The measures announced are aimed at unlocking billions of pounds of …
Title: The Crucial Saving Mistake That Could Cost Under-40s £188k in Their Pension Pot Introduction: Workers under 40 have been warned about a crucial saving mistake that could potentially result in missing out on £188,000 in their pension pot. A recent study conducted by Standard Life has highlighted the importance of starting to contribute to …
Millions of Universal Credit claimants could potentially face issues with their state pension due to a computer failure that has recently been exposed. According to the National Audit Office (NAO), up to 10 million people who claimed Universal Credit might have shortfalls in their state pension. This includes around 137,000 individuals who are already receiving …
My son is delighted with his new job, but unfortunately, they do not provide a workplace pension scheme. What are his options in this situation? Steve Webb explains that it is possible that your son’s employer is not fulfilling their legal obligation to enroll eligible workers into a pension scheme. However, there may be valid …