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Job Vacancy: Tax Manager, Technical

An exciting opportunity has arisen for an ATT qualified (or above) tax professional to join the charity Tax Help for Older People based in Salway Ash (just outside Bridport in Dorset). You will play a key part in our work providing tax help and advice to older and low income clients, as well as being the go-to tax expert for staff in dealing with often out-of-the-ordinary problems.

Salary - £30-33,000 (pro-rata) | Closing date: 21 January 2019 (09:00)

As part of the management team, you will deal with clients on a daily basis as well and use your expertise to develop and deliver training, write and produce technical tax information booklets, guides and training notes, and be responsible for the tax content on our website.

This is a highly variable role that we think you'll find both interesting and challenging. The ability to work as part of the advice team as well as being a self-starter is key. The role also includes occasional travel to London for meetings with HMRC and other stakeholders, so it needs a flexible approach to working.

The charity is at an exciting time in its development as it looks to put in place new IT. We're currently reviewing our advice and volunteering models, so we would need you to be adaptable and flexible in your approach, and acceptable of change. Obviously, we want you to be motivated and proactive.

The proposed working hours for this role are 9am-5pm, and we'd like you to commit to working four or five days a week. The salary would be somewhere between £30,000 and £33,000 a year, dependent on experience and on how many days you work.

The overall purpose of this role is to provide technical tax support and training along with front-line client advice. Your other responsibilities include writing technical information that we publish as part of educational resources in booklets, articles or on this website.

Main responsibilities:

  • Provide technical support to staff advisers and volunteers
  • Provide  a training programme for staff and volunteers, including induction training and planning and ongoing CPD - write, deliver and measure the effectiveness of training interventions
  • Write technical material to include booklets, guides, educational resources for projects aimed at both clients and VCS organisations
  • Respond to calls into the helpline, determining eligibility for help and deciding on the best method of providing any tax advice - this may result in a combination of phone, written, email and/or a face-to-face appointment - liaising with other tax advisers as necessary to meet the criteria, including the appointment team, volunteers and HMRC
  • Be an active member of the Advice Management Team, with the responsibility to provide a comprehensive service to those in need
  • Confer with colleagues at TaxAid on updating website content and be responsible for the tax elements of the Tax Help website to keep it accurate, up-to-date and written in a format that is easy for users to understand
  • Manage a team of tax advisers on a day-to-day basis including individual training, coaching and staff appraisals
  • Work with the Casework and Helpline Managers to deliver a high-quality cost-effective client service
  • Manage the relationship with HMRC, and attend meetings with HMRC and other key partners in respect of tax

Essential skills

  • Professional qualification in tax either ATT or CTA
  • An experienced user of Microsoft Office (Word, Excel and PowerPoint)
  • A clear voice and reassuring telephone manner
  • An ability to present training and communicate with a diverse audience
  • Able to work unsupervised and use own initiative, and sometimes under pressure
  • Able to empathise with (and be non-judgmental) when dealing with clients
  • An interest in charitable work and working with vulnerable people

If you are interested this role, please email marina.lee@taxvol.org.uk  for a full job description and specification. To apply, please send your CV with a covering letter to marina.lee@taxvol.org.uk

Savings accounts for children

Money Advice Service

With children's saving accounts, children learn to manage money – and parents, relatives and friends have a place to save for a child they care about.

Get your children into the savings habit

Top tip

By saving just £5 a month for 18 years, your child could end up with enough for driving lessons or a deposit on their first rented flat.

  • Having their own savings account makes children more money aware and can encourage them to develop good savings habits as grown-ups.
  • Until your children are old enough to stash away some pocket money or birthday present cash themselves, you can save a little for them every month. Set up a standing order to build up a lump sum for them over a few years.

How children's savings accounts work

  • Children's savings accounts are much the same as adult ones and are offered by banks and building societies. There are a few variations, but mostly they're simple, safe cash accounts that usually pay some interest.
  • You can open a savings account with just £1 for any child aged up to 18.
  • Children over seven can operate their savings account themselves – depending on the account, they can take money out and pay it in.
  • There are also tax-efficient accounts called Junior ISAs – more about them later.
  • Children born between 1 September 2002 and 2 January 2011 qualified for the government's Child Trust Fund scheme.

Choosing the right children's savings account

There are two main types of children's savings accounts: easy or instant access and regular savings.

Easy and instant access to savings accounts for children

  • As the name says – you or your child can withdraw or deposit money at any time.
  • Typically you get a lower rate of interest than with other account types.

Regular savings accounts

  • These are designed to encourage regular saving – you have to save money in the account every month, and you might not be able to take it out easily.
  • They usually pay a higher rate of interest than instant and easy access accounts.
  • With most accounts, if you miss some monthly payments the interest rate might be reduced.

Freebies with children's savings accounts

Many banks and building societies offer freebies like toys or piggy banks, designed to tempt children, but their accounts often pay a low rate of interest.

There's nothing stopping you opening more than one account – one with the best rate of interest, and the other so the child can get their free gift.

Tax on children's savings

Do children need to pay tax?

Like adults, children have a Personal Allowance for Income Tax – £11,860 for the tax year 2018-19.

As long as their annual income (including interest) is below this amount, they won't have to pay tax on it.

To claim back any tax that shouldn't have been paid, you should complete Form R40 from HM Revenue & Custom.

Tax on money given by parents, friends and family

You can give a child any amount of money, or invest it for them, but if you're a parent or step-parent there are special rules:

  • If you have given your child money that earns over £100 a year in interest, dividends, rent or any other investment income, the interest will be taxed as if it were yours. This doesn't apply to Junior ISAs, Child Trust Funds and Children's Bonds (previously known as Children's Bonus Bonds).
  • This doesn't apply to anyone else – grandparents and friends can give as much as they like. However, there might be tax implications that you'll want to consider. Giving cash at the wrong time or in the wrong way could end up being chased by the tax man at a later date.

Tax-efficient child savings

Junior ISAs and Children's Bonds are another option for tax efficiency.

Children can save up to £4,260 for the tax year 2018-19 in their Junior ISA, and none of the interest is taxed.

They can only access the money when they're 18, and at that point, the money belongs to them.

Which children's savings account is best for your child?

It depends on your circumstances.

You can use comparison sites to get a comprehensive list of savings accounts, including children's accounts.

This article is provided by the Money Advice Service.

Read more at: Money Advice Service

Pension reforms start in April

Caxton House SignAn increase in the state pension rate is among a number of welfare reforms to come into effect throughout April 2018.

2 April

Funeral expenses payment

For people on qualifying benefits, Funeral Expenses Payments contribute towards the cost of arranging a funeral. From 2 April, it has been made simpler for people to claim a Funeral Expenses Payment. Changes include extending the period in which a claim can be made and allowing recipients to receive contributions from friends and family without them being deducted from the payment.

6 April

Automatic enrolment into a workplace pension

To help workers to save for their future, the automatic enrolment pension contribution rates also increased from 2% to 5% on 6 April 2018.

Automatic enrolment was created to help people with their long-term pension savings and works by requiring employers to enrol all eligible staff into a workplace pension. An estimated 10 million people will be newly saving or saving more later this year and the increase in minimum contribution rates will build on this success.

9 April

State pension

The State Pension has also increased from 9 April, in line with the ‘triple lock'. The full basic State Pension was put up by 3% to £125.95 a week. This means that the government will have raised the full basic State Pension by £1,450 a year since 2010. The full rate of the new State Pension also increased by 3%, to £164.35 a week.

One million employers enrol staff into a workplace pension

The new figures, released by The Pensions Regulator, show that over 600,000 employers have complied with their duties in the past year alone. The deadline is approaching for the remaining 150,000 employers, including new businesses set up since the government scheme was launched, to enrol their staff by June 2018.

Guy Opperman, Minister for Pensions and Financial Inclusion, said:

With one million employers – from the small sandwich shop owner to the large supermarket chain – now enrolling their staff into a workplace pension, we are creating a nation of responsible employers who are reassuring their workforce that with their support, they will have a secure retirement.

Clearly this would not have been possible without the hard work and continued support of employers across the UK. That is why we are committed to working closely with them to prepare for our recently announced proposals which will ensure even more people, including 18 to 21 year olds, lower earners and multiple job holders, can benefit from a workplace pension in the future.

Since automatic enrolment was launched in 2012, there have been ‘staging dates' gradually bringing existing employers and their staff into workplace pensions, starting with the UK's largest employers, and getting down to the smallest ones today.

Research recently published by the Department for Work and Pensions (DWP) highlighted how workplace pensions have become ‘the new normal', revealing that small and micro employers – which represent 98% of all UK businesses – are finding automatic enrolment ‘necessary', ‘sensible' and ‘easier to implement than first expected'. In addition, 4 in 5 of today's eligible workers (83%) now see saving through a workplace pension as the normal thing to do if you are in paid employment.

Currently, to be automatically enrolled into a workplace pension, you must be aged 22 to State Pension age and earn at least £10,000 per year. In return for employees contributing a minimum of 1% of their pay, employers will at least match it, with most savers also benefiting from tax relief on their contributions.

With contribution rates set to increase to 5% in April 2018 and 8% in April 2019, savers will see every penny going further as, thanks to compound interest, the earlier people save the more they will earn.

In December the government published its review of automatic enrolment, announcing a series of major policy proposals that will set millions of people – including younger people, lower earners and multiple job holders – on the path to a more financially secure retirement. The government will introduce these reforms in the mid-2020s, in partnership with employers, and learning from the contribution increases in April 2018 and April 2019. This will ensure that businesses and individuals have time to plan for the changes, and that we continue to build on the foundation already in place in an effective way.

The news coincides with a national government campaign which is encouraging people to ‘get to know your pension'.

More information

By later this year, it is expected that up to 10 million people will be newly saving or saving more through automatic enrolment, giving them a greater sense of economic security and peace of mind in retirement.

The latest figures show that there are a record 5.5 million private sector businesses across the UK. Additional figures show that workplace pension participation in the public and private sectors has increased from a low of 55% in 2012 to 78% in 2016. The most significant increases have been among the lowest earners, younger people (those aged 20 to 29) and women.

In 2016, the total amount saved annually in workplace pensions by eligible savers was £87.1 billion, a 10 year high (source: Automatic enrolment review 2017: Maintaining the momentum). It is estimated that the introduction of automatic enrolment will have increased pension contributions by around £20 billion a year by 2019/20.

Get to know your workplace pension by visiting www.workplacepensions.gov.uk.

Business owners need to take 3 simple steps to be ready for the workplace pension

  1. Choose a qualifying pension scheme that can be used for automatic enrolment. The Pensions Regulator offers a helpful directory and step by step guide about an employer's automatic enrolment duties. One option is NEST – the workplace pension scheme set up by the government which can help new business owners fulfil their obligations, without set-up costs.
  2. New business owners should look to get their workforce engaged – the law requires you write to each worker to let them know how automatic enrolment applies; and it's helpful to point out the positive benefits of pension saving for their future too. Many existing business owners have spoken publically about the motivational benefits of offering a workplace pension to their staff.
  3. Most importantly, no business owner wants to be caught by surprise costs they didn't plan for. So take ownership of the automatic enrolment process now, which will help to avoid the possibility of costly fines for non-compliance, and put in place arrangements that work for you and your staff.


Review your savings and investments

Money Advice Service

Each year, check how your savings and investments are growing and decide if you need to make changes. Depending on your investments, you may need to review your savings more than once a year. Follow our key steps to make this happen and set up email alerts to make sure it becomes a habit.


Cheaper and better rates and deals come onto the market all the time.

If you don't review your savings and investments regularly you stand to lose money.

In fact, many banks, building societies and product providers rely on you doing nothing!

A regular review will also help you save tax, check that you're on track to meet your goals and even reach your goals sooner.


  • Set a regular review date, at least once a year that allows enough time to make the most of your tax allowances – go for at least two months before the end of the tax year, but ideally sooner.
  • For fixed term products (e.g. notice accounts, fixed term bonds, etc.) set up separate email reminders to check what else is on offer in the month before the lock-in runs out.
  • And if something unexpected happens – like receiving a windfall, not being able to work or a sharp change in interest rates or the stock markets – carry out a review then too.

Set up review dates for your savings, including an annual check and reminders before fixed term products end.


Step 1 – Take stock of your current finances

Are you saving and paying off debt as you planned? Have your circumstances changed?

Follow the link below to complete our money fact find.

This will give you a clear picture of where your finances currently stand and help you decide how you need to adjust your savings and investments in the coming year.

Read our guide to Complete a money fact find

Step 2 – Check performance of your current investments

Follow the link below to find out how to check whether your current savings and investments are measuring up against the competition.

It also shows you how to check if your cash savings are keeping up with inflation.

You'll need to have your savings and investment statements to hand.

Step 3 – Check you're being tax efficient

Find out about how you can be tax-efficient by following the link below.

Step 4 – Decide what changes to make

Now you have a clear picture of where you currently stand and what's on offer, plan and put your changes into practice using the links below to help you. Remember to check for any additional charges.

These changes might include:

  • Moving accounts to get better deals or to take advantage of tax-efficient products
  • Making the most of your Capital Gains Tax allowance if selling shares or property
  • Changing the balance between the different types of investments you hold to spread the risk (cash, shares, property, etc)

Comparison websites are a good starting point for anyone trying to find a savings account tailored to their needs.

We recommend the following websites for comparing savings accounts:


  • Comparison websites won't all give you the same results, so make sure you use more than one site before making a decision.
  • It is also important to do some research into the type of product and features you need before making a purchase or changing supplier.
  • Find out more in our Guide to comparison sites}.

Follow the links below for more information:

Do you need financial advice?

If the changes you need to make are complex, follow the link below to help decide if you'd benefit from getting financial advice.

This article is provided by the Money Advice Service.

Read more at: Money Advice Service

Government plans for more financially secure retirement

A UK Government review suggests that automatic enrolment has changed the financial behaviour of millions of people. It claims workers now view pensions as a normal part of their pay package.

Secretary of State for Work and Pensions, David Gauke, said:

This government has rebuilt the UK's savings culture. For an entire generation of people, workplace pension saving is the new normal. And my mission now is to make sure the next generation of younger workers have the same opportunities.

We are committed to enabling more people to save while they are working, so that they can enjoy greater financial security when they retire.

We know the world of work is changing, so it is only right that pension saving does too. This ambitious package will see more people than ever before helped onto the path towards building a secure retirement.

The review's recommendations, which will now be progressed and legislated for where necessary, will see:

  • automatic enrolment duties continuing to apply to all employers, regardless of sector and size
  • young people, from 18 years old, benefiting from automatic enrolment, introducing 900,000 young people into saving an additional £800 million through a workplace pension
  • workplace pension contributions calculated from the first pound earned, rather than from a lower earnings limit – this will bring an extra £2.6 billion into pension saving, improving incentives for people in multiple jobs to opt-in, and simplifying the way employers assess their workforces and calculate contributions
  • the earnings trigger remaining at £10,000 for 2018/19, subject to annual reviews
  • contribution levels reviewed after the implementation of the 8% contribution rate in 2019
  • the government testing a series of ‘targeted interventions' – including through opportunities to work with organisations who act as ‘touch points' for the 4.8 million self-employed people, such as banks and those who contract labour – to explore how technology can be used to increase their pension saving

Ruston Smith, Trustee Director at Peoples' Pension who led on the theme of engagement, said:

Automatic enrolment has been a game changer – helping bring millions more people into pension saving. As we look to the future there's clearly a challenge for both the pensions industry and for government to help and encourage people to engage with their retirement savings and to plan ahead. Creating a much simpler language and conversation around retirement savings is just one important step we need to take.

Jamie Jenkins, Head of Pensions Strategy at Standard Life, who led on the theme of coverage, said:

The measures we are announcing today will ensure that as many people as possible have the opportunity to start to build up pension savings. Since this policy was introduced it has enjoyed huge success and it is right this is extended to include young workers, and those who might not have a standard employment set-up.

Chris Curry, Director at Pensions Policy Institute, who led on the theme of contributions, said:

We all want to be able to enjoy a comfortable retirement and to maintain our standard of living. However the review has shown that one of our greatest challenges remains that many people are still actually under-saving. By removing the lower earnings limit we'll be enabling people to contribute towards their pension savings from the first pound of savings.

Since its launch in 2012, automatic enrolment has seen more than 9 million people enrolled into a workplace pension, with a large number of new savers under the age of 30. However the review estimates there are still around 12 million individuals under-saving for their retirement, representing 38% of the working age population. Of this 12 million, some 6 million are ‘mild under-savers'.

The government says it is committed to normalising pension saving among workers; helping lower earners build financial resilience for retirement; to supporting people, predominantly women, in multiple part-time jobs, and to simplifying automatic enrolment for employers.

The government will work towards introducing reforms in the mid-2020s in partnership with employers and the pensions industry.


Government and FCA crack down on older pension scheme charges

The saving revealed today (6 December 2017) means high charges levied on members of older workplace, or legacy, pension schemes, are soon expected to be a thing of the past.

A report published by an Independent Project Board - commissioned to investigate high charges - found that £25.8 billion of assets in defined contribution workplace pension schemes were potentially exposed to charges of more than 1%, failing to give savers value for money. This has now been reduced by over 90%.

Since 2013, the government and the Financial Conduct Authority (FCA) have worked closely with these pension providers to bring their legacy schemes in line with the standards of new workplace pension schemes introduced since the launch of automatic enrolment.

Guy Opperman, Minister for Pensions and Financial Inclusion, said:

"No one that saves into a pension scheme should have concerns that their savings are at risk of being eroded by excessive charges.

"That's why we are tipping the balance back in favour of consumers, who will now see their schemes delivering better value and increasing their income in retirement.

"By working closely with regulators and providers, we are committed to getting consumers the best possible deal."

The Independent Project Board found that these pension schemes, which are contract and trust-based and not covered by the government's pension charge cap on workplace pension schemes used for automatic enrolment, were charging excessive amounts for annual administrative charges, without justifying the extra costs.

Of the £25.8 billion of assets covering 1.5 million pension pots, between £5.6 billion and £8 billion was potentially exposed to charges above 2%, and nearly £1 billion to charges above 3%, with the latter often members with small pension pots worth less than £10,000.

The government and FCA continue to work with the small number of remaining providers to eliminate high costs and charges by the end of 2018, and has been clear that it will legislate, if necessary.

This is the next step government is taking to ensure savers receive good value for money from their pension, that their pension will meet their needs for retirement, and that savers are better able to maximise savings.

DWP and FCA published the most recent legacy audit report Poor value workplace pension schemes: a review in December 2016.


Master trust pension schemes consultation

An ‘authorisation and supervision regime' will ensure that tough new powers are in place to protect the 7 million members of master trust schemes, who have a combined £10 billion worth of assets invested. The changes will provide them with equivalent protection to members in other types of pension schemes.

Master trust schemes will be assessed against 5 key tests:

  • persons involved in the master trust scheme are fit and proper
  • that the scheme is financially sustainable
  • that each scheme funder meets specific requirements in order to provide assurance about their financial situation (including through presenting a business strategy and full, audited accounts)
  • the administrative and governance systems/processes used in running the scheme are sufficient
  • the scheme has an adequate continuity strategy

Under these plans, consumer savings will be more secure with master trusts being required to meet strict criteria on all aspects of operations and governance.

New regime

The new regime will be administered by The Pensions Regulator. Under the new regime all current and prospective master trust schemes will need to apply for authorisation to operate in the market. The regulator will also have greater ongoing powers to work with, and if necessary, de-authorise master trusts where they are at risk of failing.

Master trusts will also have to demonstrate on an ongoing basis that they continue to meet the strict authorisation criteria, including demonstrating provisions to ensure member funds are protected in the event of a scheme needing to be wound up.

The master trust market has grown rapidly since 2012. There are currently 87 master trusts, which now represent 90% of savers who have been automatically enrolled into a workplace pension.

The announcement follows the passing of the Pension Scheme Act in April 2017, which introduced this regime proposal. It is expected that the new regulations will come into effect from October 2018.

More information

As a type of multi-employer pension scheme, master trusts have the potential to offer great advantages for members and employers, due to their scale, good governance and value for members.

The vast majority of employers have chosen to use a master trust pension scheme to meet their automatic enrolment obligations rather than set up and run their own workplace pension scheme. This has led to a considerable expansion of the master trust market.

It is estimated that around 11 million workers will either be newly saving or saving more into a workplace pension by 2018, generating around £20 billion in additional pension saving by 2019/20.


Dividing pensions on divorce or dissolution

Money Advice Service

In divorce or dissolution, the pension can be the biggest asset after the family home. You can split pensions several ways, so it's worth understanding the options before deciding what's best for you.

Pensions you can divide

Start by listing all the different pensions you and your ex-partner have, and get a copy of the rules for each scheme.

This could include:

  • Personal pension scheme
  • Schemes you have through work
  • Additional State Pension (but not the basic State Pension)

What exactly can be divided depends on where in the UK you're divorcing or dissolving your civil partnership.

In England, Wales or Northern Ireland

The total value of the pensions you have each built up is taken into account.

This doesn't only mean the pensions that you or your ex-partner built up while you were married or in a civil partnership, but all of your pensions – except the basic State Pension.

In Scotland

Only the value of the pensions you have both built up during your marriage or civil partnership is taken into account.

This means that anything built up after your ‘date of separation' or before you married or became civil partners doesn't count.

How you can split pensions

This table shows how workplace, personal and Additional State Pensions can be divided.

The rules of the pension scheme will help inform you which of these options will work best for you.

Get professional advice from a solicitor or a financial adviser before you act.

Option What is it?
Pension sharing You get a percentage share of any one (or more) of your ex-partner's pensions.

This is either transferred into a pension in your name or you can join your ex-partner's pension scheme.

If the pension is transferred to you and you don't already have your own pension, you'll have to set one up.

Pensions offsetting The value of any pensions is offset against other assets.

For example, you might get a bigger share of the family home in return for your ex-partner keeping their pension.

Deferred pension sharing
(not available in Scotland)
This is used if your ex-partner's pension is being shared. They have already retired and are receiving their pension, but you haven't retired and are too young to be paid a pension.

You both make an agreement to share the pension at a later date. This can be more complicated to arrange than an ordinary pension sharing order, so legal costs can be higher.

Deferred lump sum
(not available in Scotland)
You get a lump sum payment from your ex-partner's pension when they retire.
Pensions attachment order
(called ‘pensions earmarking' in Scotland)
You get some of your ex-partner's pension when it starts being paid to them.

You can get some of the pension income, the lump sum or both. But you can't get pension payments before your ex-partner has started taking their pension.

Splitting your pension after you've retired

If you and/or your ex-partner have retired, the pensions can still be split, but the rules are different.

It isn't possible to take a lump sum from your ex-partner's pension if they are already receiving an income from it.

This applies even if your ex-partner took a lump sum.

Do you need a court order?

Only a court can make a:

  • Pensions sharing order
  • Pensions attachment or earmarking order

You and your ex-partner can agree to offset your pension without a court order.

You should get advice from a family lawyer who knows about pensions in divorce or dissolution as the rules are complicated.

Get help from The Pensions Advisory Service

If you're thinking about getting divorced and you're confused about what this might mean for your pension, The Pensions Advisory Service (TPAS) now has a free service to review your options by phone.

To find out more and book your free appointment to speak to someone, visit the TPAS website.

Find out the value of your pension

Only the person who is a member of the pension scheme, or who has taken out the pension, can ask for a valuation.

In divorce or dissolution, pensions are valued using the ‘cash equivalent transfer value'.

This is the amount you'd get if you moved your pension elsewhere.

It might be less than the ‘fund value' of your pension because it will include charges for transferring.

How you find out the value of your pension depends on where in the UK you're divorcing or dissolving your civil partnership.

In England, Wales or Northern Ireland

Ask your pension provider for a statement that will give you the cash equivalent transfer value.

The annual statement is a good starting point, plus it's free.

You can do this if you have a workplace ‘defined contribution' or ‘money purchase' pension or personal pension, where you pay into a pension pot, rather than your retirement amount being based on your salary.

In Scotland

Your pension must be valued on the ‘date of separation', and only the value that has built up during your marriage or civil partnership is taken into account.

Ask your pension provider for a statement that will give you the ‘cash equivalent transfer value' for the pension at the date of separation.

You should also ask them how much of that pension was built up during your marriage or civil partnership.

Salary-related pension schemes

If you have a final salary or other salary-related pension scheme, getting an accurate valuation might be more complicated.

You should still ask your provider if they can give you a cash equivalent transfer value, but be aware that this rarely reflects the true value of these schemes.

This is a complex area and it's worth getting expert help from an actuary or a financial adviser who specialises in divorce or dissolution.

You'll have to pay for this, so find out how much an independent valuation will cost first.

Many pension schemes charge for valuations over and above the annual valuation they provide.

Additional State Pension

The Additional State Pension is the part of your State Pension you build up when you're employed.

At the moment, you can't split it if you divorce or dissolve your civil partnership.

You can get a valuation of your Additional State Pension by filling in Form B20.

Basic State Pension

You can't split the basic State Pension if you divorce or dissolve your civil partnership.

However, you might be entitled to claim a basic State Pension using your ex-partner's National Insurance (NI) record.

You can do this if their record during your marriage or civil partnership was better than your own. It won't affect their State Pension amount.

Both you and your ex-partner must reach State Pension age before you can claim it.

If you remarry or enter another civil partnership before you reach State Pension age, you'll lose this entitlement.

The rules are due to change for people who reach State Pension age after 5 April 2016.

Your next step

This article is provided by the Money Advice Service.

Read more at: Money Advice Service

Government announces plans for disclosure of pension costs and charges

Savers will also be able to access information about where their money is invested, opening up the possibility of people having greater choice over where their pension is invested.

Failure to provide this information could cost occupational workplace pension scheme trustees up to £50,000 from April 2018.

Up to 10 million people could benefit from the move.

This is the next step the government is taking to ensure savers receive good value for money from their pension, that their pension will meet their needs for retirement, and that savers are better able to maximise savings.

Secretary of State for Work and Pensions David Gauke said:

The government is beginning to address a fundamental imbalance that exists in the pensions industry.

For too long savers have been in the dark about where their pension is invested, what they are paying for, and why they are paying it.

I want people to have a strong sense of personal ownership over their pension savings. These proposals do just that and will open the industry.

By giving people the tools to better understand their options and compare value for money, I believe we are creating a generation of smarter, more informed savers.

Today's announcement comes on the back of the latest pension charges survey which shows that 98% of eligible members are at or below the 0.75% cap introduced by government.

However with the survey also showing a clear lack of transparency on some costs in pension schemes, the government is proposing that members receive an annual benefit statement where they can find the costs and charges for their scheme.

Publication of charge and transaction cost information will enable pension scheme trustees and others to compare the value for money they are receiving with their peers, thereby driving better market outcomes.

Government will also compel schemes to publish an illustration of the compounding effect of the costs and charges affecting their pension savings.

The Financial Conduct Authority (FCA) will consult on corresponding rules for workplace personal pensions in the new year.

The consultation is open for 6 weeks.