You are here: Home - Retirement - Retiring now - News -

State finally pays £132,000 it owes to retiree

0
Written by:
07/08/2019
A pensioner who thought he would have to release equity from his home after running low on cash has been awarded £132,800 after a chance conversation with an adviser.

Peter Williams, 76, from Cardiff assumed he was not entitled to a state pension after he filled out the forms when he retired but heard nothing back from the government.

When he approached equity release company Responsible Life about releasing cash from his property, his adviser discovered Peter had missed out on a staggering 11 years of state pension payments.

The adviser, Graeme Donegani, called the state pension claim line and was told Peter was owed £132,800 for all the unclaimed years. He was also entitled to £274 a week.

Peter had been surviving on two workplace pensions, worth £243 and £275 a month respectively for more than a decade and had been forced to stop going to his local pub and going on holiday.

Steve Wilkie, managing director of Responsible Life, said: “It’s no exaggeration to say this money will change Peter’s life. It just goes to show all retirees need to make sure what their entitlements are, and if you make enquiries with the tax office no news isn’t necessarily bad news.”

Peter said: “Words cannot describe the elation I feel. Graeme’s open-handed approach to my situation has changed my life and provided me with a very positive future.

“I no longer need to release equity in my property and will be able to live comfortably on my pensions.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Government hauled to court over self-employment grant discrimination claim

The chancellor is due to appear at the High Court this Thursday over claims the government discriminated again...
Government hauled to court over self-employment grant discrimination claim

Driving instructors can’t pass learners unable to book test in lockdown

The government confirms it will not lay legislation to allow driving instructors to pass learner drivers who a...
Driving instructors can’t pass learners unable to book test in lockdown

Millions of self-employed face double tax bill this January

Sole traders still due to pay their deferred 2019/2020 self-assessment payment in July face a double tax bill...
Millions of self-employed face double tax bill this January

Ryanair jetting towards US flights for £10

Ryanair is on course to achieve its long-held ambition of offering transatlantic flights to the US – and the...

Investing in car parks: a good vehicle for income seekers?

As the search for income continues, many investors are turning to alternatives, with car parks becoming increa...

A quick guide to guarantor loans – in association with Guarantor Loan Comparison

Considering a guarantor loan or becoming a guarantor yourself? Read our essential guide...

Results round-up: Companies to watch this week

Mulberry and more will face the music this week.

Product launches of the week

Select Property Group, Schroders, Leeds Building Society and more have exciting news this week.

Money Tips of the Week

Read previous post:
old people
Empty nests a thing of the past

Getting the kids to move out of the family home is harder than ever before, according to the Office for...

Close