By JAMES WARD Updated: 16:42 GMT, 11 December 2024 James Ward is a partner and head of private client practice at law firm Kingsley Napley. The Terminally Ill Adults (End of Life) Bill is now on its passage to the House of Lords. In its current form it is said to enable the choice of … Read more
The prospect of a ‘100-year life’ is becoming increasingly likely, thanks to medical advancements and improvements in our standard of living. With people living longer, the number of years they are retired will be on the rise too. For today’s workers, a 35-year retirement is a growing possibility. But can they afford it? According to figures … Read more
Succession star Brian Cox is leading a celebrity campaign urging hard-up pensioners to claim pension credit and keep their Winter Fuel Payment. ‘In a compassionate and just society, no one should have to worry about not being able to turn the heating on,’ says the actor, who played tycoon Logan Roy in the hit TV … Read more
Gender gap: My pension is four times that of my wife’s pot There must be a simple way to split pension contributions between partners. For example you could simply make employers create two pots one for each partner and then pay half of all contributions to each pot. Sure there is a bit more admin … Read more
Moving money: Is transferring cash from your pension to an Isa a good idea after Budget changes At 64, I’m looking into taking my pensions via drawdown. Now that, as of April 2027, my pension pot will be included in my estate for inheritance tax purposes, is there any advantage for keeping it in a … Read more
I have a question about the changes to tax on inherited pensions announced in the Autumn Budget. From April 2027, if you are married and have unused defined contribution pensions when you die, will your spouse inherit the pension tax-free, as would be the case for the house, savings and so on? Would your spouse … Read more
Budget warning: There are rumours that Rachel Reeves could impose a new national insurance tax on employer pension contributions Private sector workers are on red alert for a ‘disastrous’ raid on retirement funds in the Budget while their taxes continue to protect ‘gold-plated’ public sector pensions. The raid could cost a 30-year-old private sector worker … Read more
Forgive me. If you or your children are pension savers, or you have grandchildren yet to jump on the pension ladder, I am in danger of spoiling your Sunday. So if you’re enjoying a fry-up or even treating yourself to brunch at your local Cote Brasserie (I recommend the smoked salmon and scrambled eggs), have … Read more
Steve Webb flags an important boost to pension credit if you are disabled or a carer – find out how to qualify below I worked from 17 to 74 paying full National Insurance until I was 60. My friend worked part-time and she gets pension credit with all its perks. She is better off than … Read more
Only the richest four per cent of families pay inheritance tax, but many worry they could be dragged into its net – especially if there is a raid on wealth in the Budget. Even though the vast majority of estates don’t get hit, it is still regularly dubbed Britain’s most hated tax. And the Government … Read more
