Category Archives: Uncategorized

Should You Pay Off Your Kids’ Student Loans?

We’ve mentioned before that some people look to pension loans because they want to help out their children who are facing potentially crippling debt from student loans. With inflation rising recently, interest on student loans is reaching its highest ever … Continue reading

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Should You Release Your 25% Pension Lump Sum?

Should you release the tax free 25% lump sum that is available from your pension when you first retire? Many people use that cash to pay off debts, make an investment, or help their family. For example some people use … Continue reading

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Can I Cash In My Pension And Avoid Tax?

In the iNews Money section today, a reader is asking for expert advice on cashing in her pension. She has two pensions and wants to be able to get all of her smaller  pension pot, but not pay any tax … Continue reading

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Could You Boost Your State Pension By £237?

Around a million people who plan to retire early could get a £237 per year boost to their state pension. And that bonus will be increased every year, in line with inflation. And the cost is only £741 this year … Continue reading

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Student Loan Debt Jumps To Over £100 Billion

The level of total student loan debt in the UK has risen to over £100 billion recently. The outstanding debt has soared up by 16.6% by the end of March 2017, as shown in figures released by the Student Loans … Continue reading

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Are You Missing Out On Pension Top Ups?

New research shows that millions of UK workers are missing out on “top-ups” that could boost the value of their pension when they come to cash it in. A lot of larger companies will match the amounts their employees pay … Continue reading

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Pensions Minister “Musical Chairs”

After only 11 months in the job, pension minister Richard Harrington has been replaced by Guy Opperman in the latest cabinet reshuffle. This has prompted claims from some in the pension industry that the speed of changes is like “musical … Continue reading

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Sharp Rise In Payday Loan Complaints

Consumer complaints about payday loans have risen sharply for a second year, despite new rules which were supposed to improve the industry. In 2017-2017, the Financial Ombudsman Service (FOS) had 10,529 complaints – a huge rise from the 3,216 complaints … Continue reading

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State Pension Age Rise Shelved

It seems likely that a planned increase in the state pension age will be shelved, after the election results forced the government into an alliance with the DUP, who oppose such a rise. In March, the Cridland Independent Review proposed … Continue reading

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£1 Trick Reduces Pension Tax

People who are releasing money from their pension are using a “£1 trick” to reduce the amount of tax they have to pay. This technique helps to ensure that they are not hit with the emergency tax rate on their … Continue reading

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