05/25/2020

WASPI launch call to action campaign amidst coronavirus pandemic

The second is early access to the State Pension for WASPI women due to reach State Pension age this financial year, which would mean the Government would not have to support these women through other measures like furlough payments or benefits.

05/22/2020

Warning of pandemic sting for steelworkers

Mr Searle said whilst pension investors would generally have diversified funds, the market drops were a "powerful reminder" of the value of final salary and other defined benefit schemes.

05/22/2020

Delay over Troubles pension shames us

It has been agreed that anyone injured between January 1, 1966 and April 12, 2010 can apply to a judge-led body and could be eligible for annual payments of between £2,000 and £10,000.

05/21/2020

U.K. Firms May Face Tax, Pension Bills for Furloughed Staff

The cost of the program to date is 11.1 billion pounds ($13.6 billion), according to the Treasury -- but the government’s fiscal watchdog, the Office for Budget Responsibility, estimates it will reach 50 billion pounds by the end of July.

05/20/2020

Beware of emergency tax codes on pension withdrawals

This means you only get 1/12th of the available tax allowances – with HMRC assuming this is the first of a monthly series of withdrawals – and results in those savers making ad hoc withdrawals getting seriously over taxed.