Pensions
NewsThe TelegraphThe pension freedoms worked wonders – but not everyone was a winner
I was pensions minister when George Osborne’s 2014 Budget sent shockwaves through the retirement industry. Before the pension freedom changes, most people who retired with a “pot of money” style pension had just one option. They had to hand it over to an insurance company in return for an income for life known as an “annuity”.
LifestyleThe TelegraphHow to top up your state pension
As a guaranteed income that rises every year, the state pension is a staple part of most retirees’ budgets. Around 12.6 million people now receive it and many depend on the money to see them through their golden years.
LifestyleThe TelegraphKate Garraway’s clever tax trick that is rebuilding her pension
TV presenter Kate Garraway has been widely praised for highlighting the financial strain of funding care for a loved one, even for families considered wealthy.
© 2024 Yahoo. All rights reserved.