Steve Webb’s Pension Clinic

Steve Webb: beware pitfall of taking pension cash early

Pension Clinic: take cash early and you may face a cap on future contributions, warns former pensions minister.

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Steve Webb: the biggest pension freedom trap to avoid

Pension Clinic: overall, the pension freedoms have been a success, but various obstacles need to be navigated to stop people making poor choices. The former pensions minister discusses areas of concern.

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Pension Clinic: beware the £4,000 pension contribution trap

Many people have been caught out by changes to the rules around paying more into your pension after you have started taking money out.

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Steve Webb: why a ‘partial’ final salary pension transfer could be the right fit

Transferring out of a final salary pension is a big step, but extracting just a portion of your pension could offer the best of both worlds.

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Steve Webb: state pension deferment could make financial sense

Pension Clinic: record numbers are working past retirement age – but if earnings exceed the personal allowance of £12,500, those workers will pay income tax on any other income received.

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

Pension Clinic: the problem of how to pay for care costs and who should pick up the bill has still not been resolved, but an age-related three-tiered approach is possible, says Steve Webb.

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Steve Webb: the essentials on saving a pension for your children

Pension Clinic: family members will thank you for helping them to build up a pension pot on their behalf – particularly if they are higher-rate taxpayers, as Steve Webb explains.

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

Pension Clinic: it is perfectly legal to exceed both your annual and lifetime tax-free pension saving limits, and it can make financial sense to do so.

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Steve Webb: a conscious uncoupling should not compromise your pension

Pension Clinic: the former pensions minister, now at Royal London, outlines the rules on pension payments for those whose partners or spouses no longer live with them or have died.

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