Posts Tagged ‘Pension Credits’

Pension Income : thousands miss out on pension credits

Friday, November 19th, 2010

Pension Income : thousands miss out on pension credits

Many thousands of pensioners are losing out on vital pension income by failing to take up their entitlement to pension credits. This could be costing them £34 per week. Read More

Could you live on pension income of £140 per week?

Monday, October 25th, 2010

Could you live on pension income of £140 per week?

New proposals for a general pension income of £140 per week for all pensioners will still leave a third of UK pensioners below the poverty line as defined by the EU. Planning a personal pension to ensure adequate pension income in retirement has never been more essential. Read More

Equity release boosts pension income – but take advice, says Age UK

Wednesday, July 7th, 2010

Equity release boosts pension income - but take advice, says Age UK

Equity release can boost pension income for cash-poor, asset-rich retirees, by giving them early access to the value of their home. However, it is a strategy best undertaken only with good financial advice, says Age UK
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Pensions income from state inadequate for modern living

Tuesday, July 6th, 2010

Social research charity the Joseph Rowntree Foundation has published minimum income figures needed for an acceptable standard of living in the UK. The figures in relation to pensions income indicate that state pensions are inadequate for a decent living standard.

A third of pensioners look to state for pension income

Monday, July 5th, 2010

Over 30% of UK pensioners rely solely on the state for their pension income, even though state pension income in the UK is the lowest in Europe, compared to average wage.

Government reviews plans for NEST company pensions

Monday, June 7th, 2010

Government is looking again at plans for company pensions in the NEST scheme. Pensions minister Steve Webb has said he will review the ‘scope’ of the scheme, which currently aims to offer company pensions universally, to all employees.

Pension planning critical as UK comes ‘under new management’

Tuesday, May 11th, 2010

The pensions landscape is braced for further changes, as a new Government is expected to continue reshaping pensions provision in the UK. The only certainty is that pension planning by the individual has never been more critical, in an age when other stakeholders seek only to reduce their commitment to pensions provision.

Company pensions for all in NEST pensions review

Monday, April 26th, 2010

Company pensions for all in NEST pensions review

Every UK company will soon be required to offer pensions to all employees, following the launch of the National Employment Savings Trust (NEST). However, employers who act now can still exempt themselves from NEST by setting up their own scheme.

State pension for divorced spouses from partner’s NI contributions

Friday, March 26th, 2010

state pension

Using the facility of ‘substitution’ a divorced homemaker, who has never worked, can obtain a state pension, by claiming on her former partner’s National Insurance contributions.

Pension savings will fund setup of government NEST pension

Monday, March 22nd, 2010

pension savings

The £600m loan to set up the NEST government pension scheme is to be repaid by a 2% levy on members’ pension savings. Members may also lose state pension credits, because of their NEST savings, experts warn.

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