Q. I am a pensioner with an annual income of about £13,500. Will I be able to benefit from the new 0% starting rate for tax? A. Yes with any savings income. From 6 April 2015 the 10% rate that currently applies to savings income falling within the starting rate band of £2,880 will be abolished and… Read more »
Q. I have heard that only half of people will qualify for the full state pension when they switch to the single tier pension in 2016. How is this? A. Currently people reaching state retirement age receive a pension made up of two elements. First there is the basic old age pension. Then there is the State… Read more »
Q. My husband and I are getting divorced. I will be reliant on the maintenance he is due to pay me on behalf of our two children, who are 5 and 7, until they are grown up. I feel vulnerable if anything happens to him during this time. A. Most solicitors advocate a clean break financial settlement… Read more »
Q. I am a consultant surgeon and a member of the 1995 NHS Pension scheme. As I am more than 10 years from retirement I will be joining the new 2015 NHS scheme on 1st April next year. I have been sent a letter with my payslip about a “Choice 2” exercise, where I can… Read more »
Q. I have a Building Society Bond maturing at the end of December with a reinvestment option at an interest rate of 1.55% gross for a further year. This does not sound very good. Are there any better options? I am 72 and a non tax payer so I have been getting my interest paid… Read more »
