Q. I am told that the State Pension is changing and that everyone in future will get £155 per week provided they have enough years National Insurance Credits. Does this mean my pension will change? I am 65 and drew my State Pension last year. A. No, if your pension is already in payment it… Read more »
Q. I understand this new “Lifetime ISA” will give me tax relief like a pension, but I can withdraw funds early. Does this mean it is better than the pension I am being Auto-enrolled into by my employer? A. In his budget George Osborne unveiled the Lifetime ISA which will be available from April 2017…. Read more »
Q. My husband died last September. He had a Personal Pension fund which had not been taken yet, and a final salary pension which had used up almost all of his Lifetime Allowance when it commenced in 2008. We had had time to prepare for his death, and our financial adviser had indicated that a… Read more »
Q. I am a member of a defined benefit pension scheme and am coming up to retirement age at 60. The scheme is saying that some of my benefits, accrued before 17th May 1990, are subject to an early retirement penalty. Why is this? A. Pension schemes are obliged to treat men and women equally… Read more »
Q. I have a Self Invested Personal Pension (Sipp) which owns the commercial property from which my company operates. I am not happy with the service received from my Sipp provider and wish to move to a different one. My solicitor has warned me that there may be a Stamp Duty cost in doing so,… Read more »
