What’s on your retirement wish list? Find out the best British cities for pubs, parks, bowls, golf, churches… and affordable homes Plymouth came top for its affordable homes, and plentiful parks and churches Derby was cheapest in the top five for homes suitable for downsizing retirees Dudley was notable for its high number of pubs … Read more
Low-cost online and DIY wills could see your final wishes disregarded and your estate eaten up by costly legal bills. A Money Mail investigation has found a string of potential pitfalls with popular DIY will packs and online services on sale for as little as £6.99. In the worst cases, your will could be declared … Read more
The confusing array of inheritance tax rules on giveaways to loved ones should be swept away and replaced with a single ‘personal gift allowance’, say Government officials. The ‘seven-year’ rule for large gifts, which means that if you survive the money gradually becomes free of inheritance tax, should be axed in favour of a set … Read more
The tricky task of dividing pensions fairly in a divorce and stamping out ‘unintended discrimination’ against women is tackled by top lawyers in a newly published guide. Pensions are often a family’s second most valuable asset after a home, but the legal experts found a widespread lack of confidence among colleagues in the profession about how … Read more
I am 60 later this year and as a deferred member of the NHS defined benefit 1995 scheme I am entitled to claim my mandatory 25 per cent lump sum and receive a monthly pension. There is no benefit to delaying taking these sums. I have worked in the private sector for the last 19 … Read more
Pull your finger out and tell parents child benefit errors can hit their state pension, NICKY MORGAN MP warns the Government By Nicky Morgan Mp For This Is Money Published: 13:44 GMT, 7 June 2019 | Updated: 14:09 GMT, 7 June 2019 Nicky Morgan MP, chair of the Treasury Committee: ‘The problem was wholly foreseeable … Read more
Parents have virtually no understanding that they could end up with a smaller state pension if they fail to fill in a child benefit form, according to government research. One mum described herself as ‘gutted’ when she realised she had missed out on valuable credits towards her pension, while others admitted they didn’t see the … Read more
It’s a hard task getting people interested in pensions, especially those under the age of 35. Retirement feels so far in the future for many living in the here and now. They pay in each month without being actively interested. Meanwhile, confusing messages from politicians – including our housing minister, stating that younger generations could tap … Read more
Millions of workers who save in line with the minimum contribution rate provided by the Government will retire with little over £300 a month on top of their state pension. Exclusive research for Money Mail reveals how workers who save the suggested minimum portion of their salary towards retirement during their working lives will fall … Read more
Grieving families are facing lengthy waits to apply for probate, delaying them taking an important step to gain control over an estate after someone dies. Lawyers and other inheritance professionals say the usual 10-day process has extended to seven or eight weeks, and 11 in some cases, after an official overhaul. The logjam is being … Read more
Thousands of women could be deprived of more than £9,000 in retirement because of another careless oversight with the rise in state pension age. Campaigners are already calling for compensation for women unable to prepare for the loss of income after the Government increased their state pension age from 60 to match men at 66 … Read more
Inheritance feuds: How do you navigate them as executor to a will You might feel gratified to be asked by a friend or relative to be their executor, and sort out their will. It’s only after they are gone that the trouble can start. Feuds over inheritance are on the rise, according to official court figures, … Read more
MPs plan a revolt against rules that hit the pensions of older British citizens living abroad The Government groups certain policies within a single legal bundle It means pensions are stuck at rates that applied when people left the UK Anne Puckridge moved to Canada in 2001 to be near her daughter and her pension … Read more