Steve Webb

Steve Webb: state pension deferment could make financial sense

Every month, the employment figures seem to show a new record for the number of people working past the age of 65. At the turn of the century, there were fewer than half a million people in employment or self-employment aged 65 or over, but that number has now trebled to more than 1.2 million.

Steve Webb: new ways to solve the cost of long-term care

One of the biggest bills any of us may face in our retirement is the cost of care. While some will have very modest care costs, others could find themselves living in expensive residential care for several years, potentially running up a bill that runs into tens of thousands of pounds or more.

Steve Webb: when it pays to exceed the annual and lifetime allowance

Regular readers will be aware that HMRC imposes both annual and lifetime limits on the amount of money you can save into a pension while benefiting from tax relief on contributions. What is much less widely known is that it is perfectly legal to exceed those limits, and that in some circumstances it can make good financial sense to do so.

Steve Webb: a conscious uncoupling should not compromise your pension

One of the pension questions that I get asked most frequently relates to the impact on pensions of a change in marital status or living arrangements. The question will often come from someone in later life. Such people are often confused about the effect on their state or company pension of getting married, moving in with someone or remarrying after being widowed. I will try to cover the main facts they need to be aware of.

Pension Clinic: a new calculation of your pension pot’s true value

In the last couple of years more than 200,000 people have taken the big decision to transfer the rights they have built up under a final salary pension scheme into a different sort of pension arrangement. But how do you know if the amount of money you are being offered in exchange for your old pension is good value?

Pension rule relaxation has left some savers vulnerable


In 2014, when the chancellor at the time, George Osborne, announced new pension freedoms in his Budget, there was a very positive reaction. No longer would people be forced to turn their modest pension pot into an income for life. Instead, they could choose from a range of options, including taking the whole pot as cash or continuing to invest their pension savings through their retirement.