{"id":7066,"date":"2016-03-07T14:01:56","date_gmt":"2016-03-07T07:01:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-sweeping-pension-shake-up-that-could-leave-you-with-nothing-at-all\/"},"modified":"2016-03-07T14:13:15","modified_gmt":"2016-03-07T07:13:15","slug":"the-sweeping-pension-shake-up-that-could-leave-you-with-nothing-at-all","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-sweeping-pension-shake-up-that-could-leave-you-with-nothing-at-all\/","title":{"rendered":"The sweeping pension shake-up that could leave you with nothing at all"},"content":{"rendered":"


\nA new system to be introduced next month is supposed to be simpler and fairer. But many are in for a nasty retirement surpriseA major overhaul of the state pension system that comes into effect on 6 April will mean thousands of people who do not have enough national insurance contributions to their name will get nothing. The government has pledged that the new deal for pensioners will be fairer and simpler \u2013 yet many are in for a very unpleasant shock.Among those set to lose out are 50,000 women and 20,000 men in their 50s and 60s, according to figures today from charity Age UK. Because they have fewer than 10 years\u2019 of contributions they won\u2019t receive a penny in state pension when they retire. Under the current system people are entitled to some state pension even if they have only paid national insurance contributions for a few years. Continue reading…
\n
\nSource : theguardian.com
\nRead more…The sweeping pension shake-up that could leave you with nothing at all<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A new system to be introduced next month is supposed to be simpler and fairer....<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-7066","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1PY","jetpack-related-posts":[{"id":101043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-search-of-a-fairer-system-of-taxation-letters\/","url_meta":{"origin":7066,"position":0},"title":"In search of a fairer system of taxation | Letters","date":"November 9, 2018","format":false,"excerpt":"\r Readers respond to Polly Toynbee\u2019s suggestion that the inability to raise tax has become Britain\u2019s political diseasePolly Toynbee\u2019s suggestion that higher taxes for all are inevitable (The refusal to raise tax has become our national disease, 6 November) ignores numerous different approaches, changes in priorities and potential savings that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5322,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/20-million-mainly-low-earners-to-lose-out-under-pension-reform\/","url_meta":{"origin":7066,"position":1},"title":"20 million \u2013 mainly low-earners \u2013 to lose out under pension reform","date":"February 21, 2016","format":false,"excerpt":"\r Experts say low-earners will bear the cost of reform that promised to be fairer and simpler \u2013 and its impact will be greater than that of tax credits, which forced U-turn Twenty million people will lose out from the introduction of a new flat-rate state pension with the burden\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103150,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-stop-pension-contributions-to-get-a-bigger-mortgage\/","url_meta":{"origin":7066,"position":2},"title":"Should I stop pension contributions to get a bigger mortgage?","date":"January 21, 2019","format":false,"excerpt":"\r Most lenders appear to take these into account when deciding how much to lendQ I have a question based on the article you wrote in 2015. I am a deputy head teacher. My partner and I are having strong arguments over me stopping my pension, which I want to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-failed-to-get-a-mortgage-because-of-my-pension-contributions\/","url_meta":{"origin":7066,"position":3},"title":"I failed to get a mortgage because of my pension contributions","date":"May 7, 2015","format":false,"excerpt":"\r Do all banks and building societies take pension contributions into account when deciding whether to approve a mortgage?Q I recently applied for a mortgage and passed the \u201cagreement in principle\u201d and valuation stages but was knocked back at the affordability check for the amount I needed. The reason? I\u2019m\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46753,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philip-green-arcadia-will-double-pension-fund-contributions\/","url_meta":{"origin":7066,"position":4},"title":"Philip Green: Arcadia will double pension fund contributions","date":"March 5, 2017","format":false,"excerpt":"\r Owner of Topshop, Dorothy Perkins and other retailers will increase payments to \u00a350m a year, after deal reached over BHSSir Philip Green has agreed a deal to pump as much as \u00a350m a year into the pension fund behind his fashion business, Arcadia, to plug a growing deficit, just\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78199,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/carillion-wriggled-out-of-pension-contributions-for-10-years-say-mps\/","url_meta":{"origin":7066,"position":5},"title":"Carillion 'wriggled out' of pension contributions for 10 years, say MPs","date":"January 29, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Carillion 'wriggled out' of pension contributions for 10 years, say MPs","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/7066"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=7066"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/7066\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=7066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=7066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=7066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}