On February 1st MPs debated proposed issues surrounding the changes to the state pension age, which will see the retirement age for women rise to 66 by 2020 bringing it in line with the retirement age for men. The dispute is focused on the changes to the speed of transition from age 60 to 66 which will leave many women in financial difficulty at a time of life when they should be secure.
Waltham Forest CAB are now offering free Pension Wise appointments across Barking & Dagenham and Havering, helping residents plan for their futures.
Following pension reforms on the 6th April people have greater freedoms on how they can use their pension pots. People reaching pension age will be able to take their money as a lump sum, take out an annuity or a mixture of both. Pension Wise is a new service being run by the government to help people understand what pension options are available to them.
The following article was written by Senior Reporter Sukran Sahin and was published in the Barking and Dagenham Post on Wednesday 28th March. You can view the original piece here: www.bdpost.co.uk/home/e-edition
A group of pensioners has condemned the government’s plan to freeze tax allowances, with one protesting that a £5 rise a week in state pensions would only buy them “two packets of fish fingers”.
The following article was written by Senior Reporter Sukran Sahin, and published by the Barking and Dagenham Post on Wednesday 28th March. You can view the original piece here: www.bdpost.co.uk/home/e-edition
Sukran Sahin reports on how the latest Budget will impact on local people:
“Unfair” was the verdict of a group of Barking and Dagenham pensioners on new rules in the Budget which will see money taken away from those who have worked and paid into the system for decades.