Learn More About Accessing An Old Pension You No Longer Pay Into & May Not Be Aware You Have......
According to new data from HMRC, a total of 264,000 savers withdrew £1.9 billion from their pensions during the last quarter (Q4) of 2018 - up 26 per cent on the same period the previous year. However, the research found the amount that was getting withdrawn from a pension had fallen by 30.5% from 2016.
From the 15th May 2019, pensioners who live together as a couple will only be able to make a new claim for pension credit if both partners are over the state pension age – a change which could cost some £7,000 per year.
As of 9th January 2019, companies that make unsolicited phone calls concerning peoples’ pensions may face enforcement action, including fines of up to £500,000.