Today there was a backbench debate about the rises in state pension age and their effects on women born in the 1950s
Pensions & Retirement
The government has abandoned plans for people to sell their annuity
If you’ve bought an annuity with your pension pot, you were going to be able to sell it from April 2017 in return for a cash lump sum
Your state pension if you move abroad; will it be frozen and how to claim
If you want to spend your retirement abroad, your state pension may be frozen (it depends on where you retire to)
Will you have to take financial advice to take money out of your pension under pension freedoms?
The ‘pension freedoms’ that came in on April 6th 2015 mean that if you have a pension ‘pot’ type of pension, you can take as much or as little cash out of it as you like, as long as you’re aged 55 or over
What do SavvyWoman users think of the new state pension being introduced in April 2016?
Only three quarters of women who will reach state pension age after April 5th 2016, have heard of the single tier or flat rate state pension
Same sex couples and couples who live together – what are the rules on inheriting pensions?
If you’re in a same sex marriage or have a civil partner, what are the rules on inheriting pensions
SavvyWoman’s state pension age rise survey results
Over four in ten women who have been affected by the rises in state pension age say they have had to make cutbacks and almost three quarters think the rise to 66 is unfair
Automatic enrolment if you’re on a low salary
If you earn less than a certain amount, you won’t be automatically put into your employer’s pension scheme
Many women won’t get the full flat rate state pension in 2016
If you reach state pension age from April 2016, you’ll be able to get a new ‘flat rate’ state pension from today – July 6th if you’re a woman
Setting up a pension if you employ a nanny or carer – what automatic enrolment means for you
If you employ someone, such as a nanny or a carer, you may have to sort out and pay into a pension on their behalf
Further rises to the state pension age – what’s happening?
The previous government introduced legislation to increase the state pension age to 66 by 2020 for both women and men
How can you take money from your pension?
From April 2015, if you’ve saved into a ‘defined contribution’ pension (namely not a final salary or other salary-related pension), you’ve had the freedom to take money out of your pension as you wish
History of the state pension – 10 things you need to know about how it affects women
Over the years, far fewer women than men have retired on the full state pension. There are several reasons for this
How will the government’s Pension Wise guidance service work?
If you reach 55 after April 5th 2015, you may qualify for free and impartial ‘guidance’ on what you can do with your pension
If you’re taking a lump sum from your pension, you may be taxed under the ’emergency code’
If you’re planning to take money out of your pension under the new rules from April 6th 2015, you could get a nasty tax surprise
How not to fall for pension scams and to keep your pension safe
Government figures show that almost 11 million pensioners are targeted with cold calls every year and that those who’ve been scammed have lost millions
Government pension reforms: can you take money from your pension?
Pension companies aren’t letting people take money from their pension as they’re supposed to under pension flexibility introduced in April
The 55% tax charge on pensions – how does it work and what’s changing?
If you save into a ‘defined contribution’ pension — one where the amount you have at retirement isn’t directly linked to your salary — there can be a nasty tax sting in the tail
How to reduce your tax bill when you take money out of your pension after April 2015
You can now take money out of your pension as long as you’re over 55 and it’s not a final salary pension. But what about tax
New research shows that almost two thirds of women aged 25 – 34 haven’t started to save for retirement
Yesterday I held my SavvyWoman retirement event and one of the speakers talked about how retirement — and saving for it — tends to be a lower priority for women than men
About Sarah Pennells
SavvyWoman is a money website aimed at helping women everywhere become a little richer.
It’s the brainchild of Sarah Pennells, who is a well known personal finance journalist and broadcaster. SavvyWoman has been named as 5th in ‘The Times’ newspaper list of ‘50 top websites to save you money’.
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Sarah specialises in explaining complex subjects in an accessible and engaging way.
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