MoneySavingExpert News

Pensions

Warning: Taken time off work to look after kids? You could be owed state pension - here's how to check and claim

If you stayed at home to care for family, as far back as 1978, your National Insurance record may have been hit with errors that could see you missing out on £1,000s in state pension payments. Below we explain how to check and claim.

1 September 2022

Pension savers reclaim almost £900m in overpaid tax since 2015 – are you due a rebate worth £1,000s?

If you've taken a taxable lump sum from your pension for the first time, you could be owed due to a tax code error – here's how to claim the money back.

22 July 2022

Hundreds of thousands more women found to have been underpaid their state pension - here's how to check if you're owed money

Hundreds of thousands more retirees, mainly women, have been found to have been underpaid their state pension, with the collective shortfall running to £1.5 billion, according to new Government figures. Here's how to check if you've been affected.

8 July 2022

Accessing your pension for the first time or transferring it? You'll now be offered a free Pension Wise guidance session

If you’re aged 55 or over and have a UK-based workplace or private pension pot that you've paid into that you want to access for the first time or transfer elsewhere, you must now be offered guidance from the free impartial Government service, Pension Wise.

1 June 2022

Ignore requests from the state trying to claw back pension overpayments after someone has died - they have no legal right to do so

Friends or relatives can ignore requests by the Government to return overpaid state pension payments in the event of the recipient's death, as there is no legal obligation to pay the money back.

26 January 2022

New law to be introduced to help protect pension savers from scammers

New rules to help protect pension savers from scammers have today become law. Under the regulations, pension trustees and scheme managers will be given the power to stop suspicious transfers before cash gets into the hands of fraudsters.

8 November 2021

£1.8 billion in pension credit left unclaimed - how to check if you or someone you know is eligible

A former pensions minister has urged people to use this Bank Holiday weekend as an opportunity to check if elderly relatives or neighbours are missing out on £1,000s a year in pension credit, with recent figures showing up to £1.8 billion remains unclaimed. Here's how to check if you or someone you know is eligible - and what to do if so.

28 May 2021

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