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  1. Interesting reads - Pension

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    $150,000 Lump Sum vs. $1,200 Monthly Payments for a Pension Payout
    When companies offer a pension, it's common to give retirees two options: collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time are the format that most people associate with pensions. However, a lump sum payment can, sometimes, be the better option. Depending on […] The post Should I Take a $150,000 Lump Sum or $1,200 Monthly Payments for My Pension? appeared first on SmartReads...
    SmartAsset
    DWP Considers Overhauling Basic State Pension with £636 Boost for Millions
    The Department for Work and Pensions (DWP) is facing growing calls to overhaul the UK’s state pension system. A recent petition has ignited debate, urging the government to phase out the Basic State Pension in favour of the more generous New State Pension. If implemented, this reform could provide an annual boost of £636 to nearly 9 million retirees currently reliant on the Basic State Pension. However, the proposal raises important questions about fairness, financial sustainability, and the broader implications for the country’s economy.
    Econostrum English
    State pension age increase to 70 under Labour 'wouldn't be surprising', experts warn
    A finance expert has warned that Labour could raise the state pension age to 70 within the next decade. Kevin Mountford, co-founder of Raisin UK, said it "wouldn't be surprising" to see proposals emerge for increasing the pension age to 69 or 70 years. The stark warning comes as speculation mounts over potential changes to the pension system under a Labour government. During Chancellor Rachel Reeves's Autumn Budget, she pledged to keep the triple lock on state pensions but made pension pots liable for inheritance tax (IHT) for the first time.
    GB News
    Here's what really happens to your pension when you die
    It's worth preparing for the worst, as you never know what life has in store.
    Metro
    DWP confirms new state pension payment rates - see how much you will get from April
    The state pension rises every year in line with the triple lock promise, which guarantees payments go up by whichever is highest out of inflation, wages, or 2.5%
    Mirror