Do you know how much tax you'll pay if you take money out of your pension?
Research shows that only one in three people know how much of their pension they pay tax on and many don’t know what they’ll pay
If you’re planning on taking a lump sum out of your pension after April 6th, make sure you understand how much tax you’ll pay on it. Research carried out by Yougov for SavvyWoman and Just Retirement shows that many people are confused about the tax rules on pensions. If you earn £29,000 a year, and have a pension fund of £17,850, you’ll pay tax at 40%.
History of the state pension - 10 things you need to know about how it affects women
The state pension age is rising from 60 to 66 for women; whose decision was it and what’s the history of the state pension?
I get lots of emails from women who are furious about the rise in the state pension age to 66. Understandably, they want to know which government was responsible for it. In fact, it’s two different governments that introduced these rises. Read on to find out more - and about the state pension's history.
How will the government's Pension Wise guidance service work?
If you are retiring after April 5th, you may be able to get free guidance from Pension Wise – a government initiative.
If you retire after April 5th 2015, you may qualify for free and impartial ‘guidance’ on what you can do with your pension. Not everyone will be able to get this free guidance. It will only be on offer if you have a ‘pension pot’ type of pension (rather than a salary-related one). You will be able to get guidance by phone, online or – depending where you live – face to face.