How much are care home fees in your area?

The weekly cost of staying at a care home is £848 on average but varies dramatically across the country, new research reveals. At the extremes, prices range from £1,488 a week in Islington in London to £621 in Blaenau Gwent in Wales, according to figures from insurer Legal & General. The local cost breakdown comes … Read more How much are care home fees in your area?

My partner has lost her widow’s benefit because we live together

My partner has lost her widow’s benefit because we live together – is this right, or fair? Steve Webb replies By Steve Webb for This Is Money Published: 07:43 GMT, 18 January 2021 | Updated: 07:48 GMT, 18 January 2021 The Department for Work and Pensions has recently claimed my partner is no longer entitled … Read more My partner has lost her widow’s benefit because we live together

Savers to be offered four simple ways to invest and draw pension pots

Savers will soon be offered four ready-made investment deals when they first dip into their pension pots, if they are doing this without paying for financial advice first. They are designed to help those who want to keep their pension invested in retirement by delivering returns and avoiding common mistakes, such as taking too much … Read more Savers to be offered four simple ways to invest and draw pension pots

Direct cremations made up a quarter of all funerals during early pandemic

The cost of a basic funeral has risen to £4,184 on average, but more families opted for budget cremations during the pandemic and their price has dropped to £1,554. A ‘direct cremation’ takes place without a funeral service, and ashes are returned to a family afterwards, allowing them to organise a personal memorial for a … Read more Direct cremations made up a quarter of all funerals during early pandemic

A generation sleepwalking into retirement poverty

Older savers are clueless about their pensions and most will run out of money in retirement, damning research today reveals Older savers are clueless about their pensions and most will run out of money in retirement, damning research today reveals.  An exhaustive study from the pension industry found savers were too scared to check their … Read more A generation sleepwalking into retirement poverty

My late dad qualified for winter fuel payment – will it still be paid?

My late father qualified for winter fuel payment, so will it still be paid? Steve Webb explains the rules for help with heating bills By Steve Webb for This Is Money Published: 07:42 GMT, 11 January 2021 | Updated: 07:42 GMT, 11 January 2021 My dad passed away in November. He was entitled to the … Read more My late dad qualified for winter fuel payment – will it still be paid?

Six in ten pensioner homeowners are failing to claim entitled benefits

Pensioner homeowners are missing out on thousands of pounds of income by failing to claim their full entitlement to state benefits. Some 42 per cent of eligible homeowners are failing to claim any benefit at all, losing out on £830 a year on average, according to a report by Just Group, a specialist in retirement products … Read more Six in ten pensioner homeowners are failing to claim entitled benefits

Is it worth putting redundancy money into your pension?

Workers made redundant with a pay-off of £30,000-plus can generate extra free cash by asking their employer to pay a chunk of the payout into their pension. The move might be particularly beneficial for over-55s, who can gain immediate access to their pension pots if they want. But doing this can drum up additional pension … Read more Is it worth putting redundancy money into your pension?

How to split the money fairly in a divorce

Divorces rose as the pandemic put families under unforeseen new pressures last year, and now the usual post-Christmas wave of break-ups has begun. A new law making it quicker and easier to divorce was passed in the summer and will take effect later this year, but it’s still important to sort out marital finances properly … Read more How to split the money fairly in a divorce

Help! My stepfather’s will mysteriously ‘disappeared’ after his death

Missing will: A valid copy was found but my stepbrother ignores all attempts to contact him about it My stepfather showed me his will a few years ago. It showed that I was joint beneficiary and executor with his son. The will was kept in my stepfather’s safe (he gave us both the code) in … Read more Help! My stepfather’s will mysteriously ‘disappeared’ after his death