moneypensions

Does it really take 12 WEEKS to move my pension pot into drawdown? It’s unacceptable to be out of the market that long! Steve Webb replies By Steve Webb for This Is Money Published: 09:04 GMT, 2 December 2019 | Updated: 09:04 GMT, 2 December 2019 The time has come for me to draw my … Read more

Charities denied £185m in donations due to continuing chaos in the probate system By Fiona Parker For The Daily Mail Published: 22:38 GMT, 19 November 2019 | Updated: 09:48 GMT, 20 November 2019 Probate delays: Some of the country’s largest charities have had to make cutbacks after money donated in wills was held up in … Read more

The NHS is to foot pension tax bills run up by doctors in order to solve a staffing shortage, which it is feared could spark a winter crisis in the health service. The temporary fix is intended to stop doctors refusing shifts to avoid shock tax penalties, a situation critics claim is threatening patient care … Read more

HMRC pays back £535m wrongly claimed on pension withdrawals as it overtaxed pensioners at record rate Pensioners have been clobbered with a huge bill after being overcharged In the three months to September 30, HMRC had to repay £54m It had applied ’emergency tax’ to pension withdrawals By Ben Wilkinson for the Daily Mail Published: 23:31 … Read more

Hundreds of bereaved families could be forced to unravel estates wound up years ago after Lloyds Banking Group discovered a vast trove of old wills it could not match to customers. Lloyds confirmed the massive storage blunder, revealed by the Financial Times, which has left it scrambling to reunite about 9,000 families with loved ones’ … Read more

Savers aged over 50 will start to be sent newly-revamped and shortened ‘wake-up packs’ about their pensions from next Friday. Documents just a few pages in length will tell savers the current size of their pot, indicate the income it might generate in retirement, what they are being charged, how the pension is invested, and … Read more

Lost credits: Gaynor Seymour, pictured with husband Andrew, says she can easily prove she looked after her daughter in the disputed period A mum who lost valuable state pension credits over an innocent paperwork blunder says she can easily prove she looked after her daughter during the disputed period. The Government claims it’s too hard … Read more

Savers often lose track of old accounts, pensions and investments over the course of a lifetime, and unfortunately a lot of this money is never claimed. Although it’s hardly the ideal scenario, this ‘dormant’ cash can at least be put to good use if its real owner doesn’t come forward. That’s the thinking behind the … Read more

Help! My dad is leaving his house to me, but can I split it with my sister? They recently reconciled and she hasn’t seen the will By This Is Money Reporter Published: 07:42 GMT, 29 August 2019 | Updated: 07:42 GMT, 29 August 2019 In my dad’s will, the house is left to me and … Read more

Soaring numbers of parents and grandparents are raiding the equity in their homes to help younger relatives get on the property ladder. Estate agents and mortgage brokers have told Money Mail they are hearing from more and more buyers who are able to put down a deposit on their first home only because an older … Read more

Older people wishing to retire abroad are more resolute about their plans now than after the Brexit referendum, new research on attitudes of would-be expats reveals. Nearly half said Brexit was making them reconsider spending their old age abroad when polled two weeks ago. That is compared to three quarters who were having having second thoughts … Read more