MoneySavingExpert News

Pensions

Martin Lewis warns of a tax trap that could cost you £10,000s off your pension

Martin Lewis has warned pension savers they could lose £1,000s or even £10,000s from their pension by falling foul of a trap that sees withdrawals taxed

19 February 2021

State pensions set to be boosted by 2.5% under triple lock

State pensions are expected to rise by 2.5% next April under the 'triple lock' guarantee – meaning an increase of about £230/year for those receiving the new state pension in full

21 October 2020

State pensions to rise by 3.9%

State pensions are expected to rise by 3.9% from next April – the biggest increase since 2012

16 October 2019

New rules to give more pension freedom protection

The Financial Conduct Authority has announced new rules and plans to help make pension choices clearer for over 50s, which it says will help up to 100,000 every year

29 January 2019

New pension credit rules could cost some with younger partners £7,000 a year

Pensioners who live in a couple will only be able to make a new claim for pension credit when both partners are over the state pension age, under new rules to come into effect in May

15 January 2019

Pension cold-calling banned

Pension cold-calling has been made illegal from today, in a bid to tackle pension scams - here's what you need to know

9 January 2019

Pension cold-calling to be banned from January

Pension cold-calling will be banned from Wed 9 Jan, in a bid to tackle pension scams

20 December 2018

Over £10 billion of benefits left unclaimed

Government figures released today show that up to an estimated £10.1 billion of pension credit, housing benefit and income support were left unclaimed in a single year

15 November 2018

Trial to help workers build £1,000 emergency savings pots

A new initiative is being trialled to help workers build emergency savings for unexpected bills and events, in the same way they add to their pension pots

13 November 2018

State pension age equalised for men and women

From today, women in the UK will be eligible for the state pension at the same age as men

6 November 2018