Don’t miss the deadline to boost your State Pension

The Government has offered up to 12 million Pensioners the chance to convert a lump sum into a guaranteed income for life, on terms significantly better than those available on the open market. The scheme is available to people who retired on the old basic State Pension of around £120 per week, and who therefore miss out on the higher, flat rate pension, of £155.65, introduced in 2016. But time is running out as the scheme closes on 5th April 2017.   How does the scheme work? To qualify you must be entitled to the State ...

Pensions: Does the Autumn Statement have a sting in its’ tail?

Large black scorpion Heterometrus laoticus isolatedLast week’s Autumn Statement was, by the standards set by George Osborne, pretty mundane. However, hidden in the speech, and the raft of documents issued by the Treasury afterwards, were subtle indications of where Government pension policy may head over the next few years. The changes, if they happen, could have a significant impact on your retirement and potentially cost you dearly. Triple lock The triple lock was introduced in 2010 and guarantees that the basic State Pension will rise in line with earnings, inflation, as measured by the ...

State Pension: The flat rate State Pension, good news or an opportunity missed?

State Pension: The flat rate State Pension, good news or an opportunity missed?The announcement that the government plans to introduce a new flat rate State Pension will dominate the news for a few days to come. Many pension experts have welcomed the changes, siting a simpler system, which will better target those most in need, however after assessing the detail a growing number of dissenting voices can now be heard. So, is the flat rate State Pension as good ...

Everything you need to know about deferring your State Pension

Everything you need to know about deferring your State PensionReaching the State Pension age is often a seminal moment and many of us still retire when we reach this milestone. However, more and more people are continuing to work past their State Pension age and defer taking their State Pension until they actually retire. Increasing numbers of people are looking for more flexibility in their retirement planning, so we thought we’d take a look at some of the questions we regularly get asked ...