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Business owners could be compensated for stamp duty payments blunder Business owners have been paying stamp duty when transferring property from multiple owners into Sipps However HMRC says that no stamp duty is payable on these transactions Thousands of customers may be owed compensation as a result By Will Kirkman For Thisismoney.co.uk Published: 08:20 BST, … Read more
This is Steve Webb’s 200th pension column for This is Money. Look out for special coverage this week about Steve’s time as our agony uncle, and all he has done to help readers. I started to take my state pension in August 2018 at the age of 65 years. I am getting £666.52 per 28 … Read more
Two out of five young people have stopped or cut back on pension saving during the Covid 19 crisis, new research reveals. Pay cuts, redundancy and worries over job security have forced workers of all ages to consider whether they can still afford to put money in their pension, even though this could damage their … Read more
Single mums are retiring on pensions a third the size of other women’s and an eighth the size of men’s typical retirement pots, new research shows. Before retirement, mothers bringing up children alone are more likely to hold a job than the average adult, but tend to be employed in low-paid part-time roles that fit … Read more
I retired with £1.4m but want to work again: Will I take a tax hit if I start a new pension now? Steve Webb replies By Steve Webb for This Is Money Published: 08:29 BST, 10 August 2020 | Updated: 08:29 BST, 10 August 2020 I protected my Lifetime Allowance at £1.5million and started taking … Read more
Nearly half of over-50s who want to retire abroad are rethinking their plans due to Brexit, new research reveals. Around one in three would-be expats are having second thoughts because of the Covid-19 crisis, as the pandemic looks to be worsening again in many countries, according to the survey by Canada Life. But those who … Read more
Scores of retired women have won back payments worth up to £17,000 after being short-changed on their state pension. The scandal involves married women, widows and divorcees who are entitled to a pension rate based on their husband’s National Insurance contributions. Analysis by former pensions minister Sir Steve Webb found that tens of thousands of … Read more
Sara McLeish, chief executive of Legal & General Financial Advice The coronavirus pandemic has had an enormous impact on many aspects of our lives. The restrictions that were in place prevented many of us from seeing family outside our immediate household, putting a hold on hugs from grandparents and curbing our natural inclination to gather … Read more
Audrey and Brian Watson: Couple from Staffordshire have spent months trying to persuade government to relent on her payout Elderly women who were underpaid state pension for more a decade are stepping up a battle with the Government for full backpayments. Audrey Watson, 81, pictured with husband Brian, received a 12-month backpayment of around £1,500 … Read more
Former Pensions Minister Steve is This is Money’s Agony Uncle. Here’s where you can check out all his previous columns to see if any involve issues affecting you. Unfortunately Steve can’t reply to everyone who writes in, but we hope the broad range of topics he covers helps everyone at some point, whether they get … Read more