Pension Works UK

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[Pension Works UK @PensionWorksUK]

"At least one in three are at risk of spending their later years with minimal retirement income, with just over 2.3million people yet to retire expecting to rely predominantly on the state pension, which is currently about £9,100 a year."

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[Pension Works UK @PensionWorksUK]

"...the DWP attributed to a ‘computer glitch’ and therefore could be entitled to backdated payments."

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[Pension Works UK @PensionWorksUK]

"The report by PPI reveals that 85% of the self-employed do not save into a private pension and this figure has grown from 73% in 2008/09."

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[Pension Works UK @PensionWorksUK]

"More than 5.5m workers cut or stop their pension contributions due to impact of coronavirus and lockdown."

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[Pension Works UK @PensionWorksUK]

"STATE pension claimants may be able to claim housing benefit under certain situations. So long as they're eligible, retirees could get help with their rent costs on top of their regular pension payments."

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[Pension Works UK @PensionWorksUK]

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"To get the full state amount, currently £175.20 a week, you will need 35 years worth of NI contributions."

[Pension Works UK @PensionWorksUK]

"And as such, pensioners could receive over £500 extra a year to put towards their retirement goals.

This can be achieved through deferring the state pension sum for a certain amount of time."

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[Pension Works UK @PensionWorksUK]

"As it stands, the state pension age is 65 for many people but it is being increased incrementally to 66, with the next update occurring this week."

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[Pension Works UK @PensionWorksUK]

"HMRC defeated in the Supreme Court over controversial inheritance tax charges on pensions."

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[Pension Works UK @PensionWorksUK]

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"However, there is one group which does not benefit from auto-enrolment, and they could be losing out as a result."

[Pension Works UK @PensionWorksUK]

"Mrs L Cunningham, 52, discovered a pension pot worth nearly £140,000 after her husband passed away from cancer."

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[Pension Works UK @PensionWorksUK]

Have a question about your Final Salary Pension? Our handy guide may have the answer!

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[Pension Works UK @PensionWorksUK]

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[Pension Works UK @PensionWorksUK]

Retiring abroad? Your state pension could be affected.

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[Pension Works UK @PensionWorksUK]

"Clients aged 55 or over can access lump sums either through tax-free cash or UFPLS and receive income in the form of drawdown, annuities and defined benefit scheme pensions."

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[Pension Works UK @PensionWorksUK]

"Grandparents can get an extra £2,250 worth of state pension over the phone" "The credit is given to grandparents, or other family members, who care for children under the age of 12."

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[Pension Works UK @PensionWorksUK]

The full State Pension is £175.20 per week but this figure can be increased by deferring the payments.

The government has certain methods for valuing and calculating National Insurance contributions and credits.

https://t.co/4aOuFLaXzZ

[Pension Works UK @PensionWorksUK]

"Inevitably, a percentage of employers will go out of business every year and if this happens when there is a shortfall in the fund then you may not get your full pension."

https://t.co/4oABL6AOvJ

[Pension Works UK @PensionWorksUK]

“The crisis has emphasised our obligations to other generations, even in the face of personal sacrifice. This spirit must be maintained when the dust settles – with the economic costs of responding to the crisis shared fairly across the generations.”

https://t.co/CQlQIYxEpz

[Pension Works UK @PensionWorksUK]

"As the coronavirus shutdown has forced economies around the world to hibernate and central banks to launch fresh stimulus packages, defined benefit schemes were always likely to be caught in the firing line."

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