Self invested personal pensions

Inflation 'swindles almost everybody' says Warren Buffett Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The cost of living crisis has stepped up another gear with Consumer Prices Index (CPI) inflation soaring again in the year to April 2022, figures published today show. Levels like this have not been observed since 1982, and many are worried about their finances. Related articles State pension alert as some may get ‘higher’ sum than full new amount Pensioner, 67, ‘fast forwards’ inheritance plans for children It presents particularly concerning news for retired individuals, many of whom were hoping to enjoy life after work without struggles. … [Read more...] about ‘Like 1982!’ Pensioners urged to brace as inflation hits ‘panic-inducing’ levels

This Morning: Woman in tears recalling getting scammed Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The woman was made to believe her bank was involved in dodgy dealings, and the police needed her to work undercover for them. The son of the victim shared the story, urging people to be on their guard and help protect their vulnerable peers and family members. Related articles Pensioner 1.25% National Insurance levy may be hiked to 13.25% Universal Credit: Claimants could get thousands more in 'freebies' The scam began in August 2021, the victim was contacted on her landline from a man claiming to be a police officer. He said that her … [Read more...] about ‘Eaten away at her trust and confidence’ – Pensioner, 83, loses £29,788 to scammers

Liz Truss grilled on government's plan to ease inflation pressures Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Inflation this week hit a 40-year-high soaring to nine percent, impacting the pockets of millions of Britons. Pensioners, many of whom rely on the state pension, are thought to be one of the worst affected groups. Related articles Rishi Sunak 'to offer up to £600' discount to millions this winter Best buy one-year savings bond pays 2.25%. 'Highest in nine years' They have already experienced a real terms cut due to the temporary freeze of the triple lock mechanism. The triple lock was predicted to deliver a bumper increase of … [Read more...] about State pensioners to be £13,000 worse off as UK inflation soars

Rip Off Britain: Daughters are left in limbo over inheritance issues Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info New research has shown larger numbers of over 50s are now expecting to support their adult children financially. As a result of financial challenges facing families, over 50s are reevaluating inheritance plans. Related articles State pensioners may have to pay tax on their sum Pensioner 'flabbergasted' after £20,000 removed from her pension pot Some 15 percent of those asked said they would give away money as a result of the crisis, according to Saga Equity Release. This is the case for Barrie Smith, a 67-year-old man from … [Read more...] about Pensioner, 67, ‘fast forwards’ inheritance plans for children – ‘gives them a head start!’

Energy bills: Chairman reveals 140% increase in calls for help Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info She had been alerted that her energy bill would increase by £500, but is now being charged eight times more than her original bill every month. The mum-of-three survives on a state pension income of £12,000 per year and claims to have been threatened with debt collectors. Related articles Pensioner 1.25% National Insurance levy may be hiked to 13.25% Universal Credit: Claimants could get thousands more in 'freebies' Phyllis Kennedy, 73, told SWNS her situation was "insane". The widow lives in Basingstoke, Hampshire, in a modest … [Read more...] about Pensioner on just state pension shocked after Scottish Power energy bill surges to £4,600

STUFF Minister of Foreign Affairs Nanaia Mahuta speaks on the Russia sanctions bill. An unintended consequence of sanctions on Russia’s financial institutions has meant more than 400 Kiwis have been unable to access a portion of their pension payments since the penalties were introduced. Without a social security arrangement with Russia or a law change, the Ministry of Social Development (MSD) says its hands are tied until sanctions lift – a move that will be reviewed in 2025 , but in reality may never happen. On Monday night, the Ministry of Foreign Affairs and Trade (MFAT) released new guidance to New Zealand banks , essentially saying it never meant for these pensioners to become collateral damage. The guidance said banks could accept transfers from Russian financial institutions in order to pay out what’s owed to those pensioners living in New Zealand. This comes after 30 of the 420 people affected contacted MSD, with four laying formal complaints over … [Read more...] about More than 400 NZ pensioners fail to receive payments due to Russian sanctions

By Kevin Peachey Published 5 hours ago Share close Share page Copy link About sharing Ministers are facing growing calls to bring forward large increases in benefits and the state pension which will be paid from next April. Charities want benefits to increase now to help people struggling with the cost of living, particularly energy bills. A well-established system means the annual increase in benefits will match this September's inflation rate - but will only be paid from April 2023. The Treasury says there are technical constraints in making earlier payments. How the system works State benefits including universal credit, older benefits such as disability support and jobseeker's allowance, and the state pension increase once a year, in April, to match the rising cost of living. They are pegged to the inflation rate the previous September, although the state pension … [Read more...] about Cost of living: Calls to bring benefit and pension rises forward

Gen Z refuse to compromise on setting money aside to put into savings (Image: Peter Dazeley/Getty Images) Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info More than three-quarters (76 percent) will be forced to change their spending habits to navigate the current financial landscape. Related articles Woman's late parents' move to protect inheritance backfires Pensioner, 67, ‘fast forwards’ inheritance plans for children Going out less (54 percent), shopping less (52 percent), and reducing food deliveries (51 percent) are among the top cutbacks Gen Z are having to make. And worryingly, over one in ten (12 percent) think they will have to reduce their pension … [Read more...] about One in four young adults say cost of living crisis is main cause of anxiety in their life

BBC: Public share their views on TV licence fee Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info A TV licence currently costs £159 per year but the fee can be paid in a variety of ways. One such way is by having a savings card which Britons pay into, and when any amount is due it will be taken from the balance, ensuring they don’t fall into arrears accidentally. Related articles Pensioner 1.25% National Insurance levy may be hiked to 13.25% Universal Credit: Claimants could get thousands more in 'freebies' The savings card is entirely free to apply for and there are no charges to use it, although it does have a £2 minimum payment. The … [Read more...] about ‘Simple way to save’ – TV licence customers could apply for free savings card

Cost of living crisis: People are 'skipping meals' says Danker Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Rishi Sunak is considering cutting income tax from 20p to 19p amid growing pressure from MPs and campaigners to intervene. He is also weighing up whether to impose a windfall tax on oil and gas companies. Related articles Pensioner, 67, ‘fast forwards’ inheritance plans for children Nationwide has launched five new savings options Chancellor Rishi Sunak has reportedly told MPs reducing taxes is his "absolute priority", according to the i. Proposals to slash income tax in spring could be brought forward to the autumn, a decision … [Read more...] about Rishi Sunak ‘plotting income tax cut within MONTHS’ as inflation hits 40-year high