New State Pension
For those reaching state pension age on or after 6 April 2016
The state pension saw a big change in 2016, affecting people retiring since then. While the Government's aim has been to make the system fairer for all and easier to understand, it can still be a minefield – and some people have lost out from the overhaul.
Boost your retirement income with a state top-up
Pension credit is a tax-free benefit aimed at retired people on low incomes. It's means-tested, but for those who qualify it can be worth £1,000s a year. However, an estimated 1.3 million eligible households don't claim the top-up – in many cases because they don't realise they're entitled to it.
Pension Freedom - Martin Lewis’ 5 minute briefing
What to do with pensions at retirement
The 6 April 2015 Budget saw the most radical changes to private pensions for a generation. The political spin is it was for 'freedom and choice in pensions'. This sounds like an unmitigated plus. Indeed there are many more options, and for those who know what they're doing it's great, but it also means it's easier to make a mistake.