Q. I am in receipt of a final salary pension which used all of my Lifetime Allowance when I took benefits two years ago. I also have a retirement annuity policy relating to a period of self-employment in the 1980s. I put very little into it so was pleasantly surprised to find it now has a… Read more »
Q. My partner is putting pressure on me to make a Will but I am reluctant as solicitors are expensive and she will get everything anyway. Am I wrong? A. If you don’t have a will when you die, your money, property and possessions will be shared out according to the law instead of your wishes. This… Read more »
Q. I sometimes use my debit card when abroad to pay for unexpected purchases. When I do so I am often asked if I want to pay in local currency or sterling. I never know what to say and often ask the shop assistants advice, but they invariably say “it’s up to you”. What is… Read more »
Q. I am 55 years old and a member of the NHS pension scheme. Whilst I am not contemplating retirement yet, I am interested in the new pension flexibilities that are available where I could consider exchanging my pension for a one off lump sum. However, one of my colleagues has told me I am not… Read more »
Q. I retired before the new flexibilities came out in April this year. I have a pension annuity and have heard that I might be able to sell it, is that correct? A. It has been widely publicised that this may be an option from as early as April 2016. This was obviously announced under the last… Read more »
