Money Talk: Marriage Allowance rule explained as retiree’s state pension sparks tax bill
MONEY TALK, the series which offers Express Money readers the opportunity to ask the experts their most pressing financial questions, this week takes a look at the Marriage Allowance. It comes as one retiree’s state pension and workplace pension payments mean she needs to pay Income Tax. Daily Express :: Finance Feed
Brexit: Number of British retirees living in the EU falls as the UK departs
PENSION savings and other financial assets have been dramatically impacted by Brexit over the last few years and this is likely to continue now that the UK has left the EU. On this, new research has revealed that the transition has seemingly affected where British retirees want to retire. Daily Express :: Finance Feed
State pension: Retirees may get lower initial amounts if they own certain private pensions
STATE pension payments will come from either the “basic” set up or the “new” rules. For most people, income will be received from the new state pension but depending on what kind of private pension schemes they may hold, their starting amounts could be lowered. Daily Express :: Finance Feed
Middle class tax raid as Rishi Sunak’s inflation changes set to cost retirees over £100bn
PENSION schemes are set to be hit hard by reported inflation related changes from the Chancellor. Rishi Sunak is set to reveal a spending review which will outline how the government plans to cover costs and spending in the coming months. Daily Express :: Finance Feed
Pension UK: Retirees ‘have adapted’ to COVID-19 as older savers embrace digital banking
PENSION assets and retiree outlooks alike have been dramatically impacted by coronavirus. Recent analysis from Paragon Bank has revealed how priorities changed among the elderly, with a surprising revelation showing pensioners are more adept at handling the modern world than one may expect. Daily Express :: Finance Feed
State pension: Calls for a ‘kickstart’ scheme for older workers rise – retirees miss work
STATE pension age will be increasing once again this month but more people are to be affected than normal. In previous increases, the raises only affected people born in a very narrow time frame but next week, the affected age range will be much wider in scope. Daily Express :: Finance Feed
State pension rises but over 500,000 retirees stuck with frozen pension – has yours risen?
STATE PENSION payments are an important form of income for many during retirement. Today marks the start of the 2020 to 2021 tax year, and the state pension has risen under the triple lock mechanism – however, not everyone will get to enjoy the increase. Daily Express :: Finance Feed
More retirement interest only loans are available than ever but are retirees convinced?
RETIREMENT interest-only mortgages are a type of loan that were reclassified by the Financial Conduct Authority in 2018. The regulations for these loans were eased and they were officially classified as standard mortgages, resulting in a wider range of lenders having access to the market. Recent analysis shows that there has been a huge spike […]
Pension: Retirees issued warning on getting best deals as new rules come into force today
PENSION savers will experience new rules going forward, as they come into force today. Amid the change, retirees have been issued with a warning. Daily Express :: Finance Feed
Pension warning: Retirees urged to seek advice as common pension mistakes revealed
PENSION savings can make up a significant proportion of a person’s income during retirement. What are some common pension mistakes which retirees have made? Daily Express :: Finance Feed