State pension changes proposed | Inheritance tax warning | Furlough scheme extension called for

Daily Express Latest top stories from Express Money Read in browser Pensions    Rishi Sunak    Premium Bonds    Finance News     Welcome to Express Money Please accept our apologies after we accidentally sent you our royal newsletter earlier to

Latest top stories from Express Money Read in browser

Pensions    Rishi Sunak    Premium Bonds    Finance News

Welcome to Express Money Please accept our apologies after we accidentally sent you our royal newsletter earlier today. See below for all your latest money news. State pension changes emerged this week as potential alterations could dramatically impact the retirement landscape. Under suggested proposals, the state pension age could be assessed on a means-tested basis, while a "universal state pension for everybody" was also proposed to provide an even playing field. Martin Lewis also stepped forward to provide pension advice to 1.2 million retirees who are missing out on a "top-up". Additionally, the Money Saving Expert laid out tax recommendations just as experts warned of a "perfect storm" of inheritance tax problems. On coronavirus, fresh calls emerged for the Chancellor Rishi Sunak to extend the furlough scheme. There is renewed vigour for this as a vaccine is being rolled out and there are surprising levels of optimism in the self-employed community. The future of SEISS and self-employment is analysed in the seventh story below. Private pension scheme news continued this week as further analysis of a recent ruling revealed some pensioners could be owed vast sums of money. Those who were contracted out of the state pension during their working years would be owed thousands and this is broken down in our eighth story. Finally, with Christmas just around the corner, five key tips have been issued on how you can manage your money effectively during this festive period, with the full details provided in our final story.

Latest news

State Pension age could be means tested to consider income, area and job roles STATE pension age is the time at which Britons will be entitled to receive their sum for retirement. However, with this age rising, a new report has analysed whether the government should be considering a different approach. Read more

State pension: Key change could bring 'significant increase' for Britons on older scheme PENSIONERS on the older state scheme could be afforded a large boost to their weekly amount with a major change suggested by the National Pensioners Convention, when they spoke to Express.co.uk. Read more

Martin Lewis urges 1.2 million pensioners to take action to secure financial 'top-up' MARTIN LEWIS has urged over one million pensioners to take action as they are currently missing out on an important 'top-up' which could see them clinch over £1,000 a year. Read more

Inheritance tax: A 'perfect storm is brewing' as new probate grant rule limits asset sales INHERITANCE tax rules were upended in recent weeks as the government changed how probate applications are submitted and processed. The new rules force all probate applications to be moved online and while this change alone was condemned by many experts in the field, a new development could add additional strain to the process. Read more

Martin Lewis explains tax relief rules which could see Britons get hundreds of pounds back MARTIN LEWIS announced it was his final Ask Martin segment on a Monday on BBC Radio 5Live yesterday, ahead of a move to Wednesday afternoons in 2021. During his appearance, the Money Saving Expert suggested a way Britons can reclaim hundreds of pounds within a matter of minutes. Read more

Furlough: Rishi Sunak 'must' extend scheme as the 'vaccine is being rolled' - full details FURLOUGH payments can be utilised and recieved up until March 2021 according to the government's current rules. In November, Rishi Sunak extended the furlough scheme into the spring as coronavirus continued to plague the economy but new calls have emerged for the Chancellor to extend the support further. Read more

Self-employed demand rises despite SEISS uncertainty - What does the future hold? SEISS problems have been heavily criticised in recent months, with many experts and industry insiders warning millions of self-employed workers are excluded from the support. Despite this pessimism, research from Simply Business shows resilience is emerging in the self-employed community. Read more

Pension: GMP members who contracted out of state pensions may be owed £32k - full details PENSION schemes can come in many shapes and sizes, with Guaranteed Minimum Pensions (GMP) being among them. These schemes were offered to those who were members of final salary (defined benefit) schemes between 1978 and 1997 and holders of these schemes could be entitled to huge pay-outs. Read more

Christmas on a budget: Five top tips for managing your money this festive season CHRISTMAS will no doubt be different this year as the coronavirus pandemic rages on. Not only impacting on annual traditions and festive plans, it seems 2020 will see many UK households take a different attitude when it comes to finances. Read more

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