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Steve Webb on Muck Rack

Steve Webb

Bristol
As seen in: Daily Mail, Forbes, MSN, MSN Australia, MSN India, MSN Ireland, MSN Malaysia, MSN New Zealand, MSN Philippines, MSN Singapore, MSN UK and
Steve Webb, formerly Minister for Pensions, now partner at Lane Clark & Peacock. All tweets personal views. steve.webb@lcp.uk.com he/him
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Articles

Why is the state pension taxed but Universal Credit payments are tax-free? Steve Webb replies

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By Steve Webb
| MSN Malaysia Verified
I should like to know why the state pension is being taxed when no other benefits are, even when they exceed the personal allowance threshold. I worked full time in hospitality for over 50 years – not the best-paid sector – but managed to save and invest modestly over the years. I deferred my state pension and continued to work for another three and a half years in order to boost the four-weekly payments, and am now having to pay tax on my income.
Open in Who Shared View Duplicates (5) Issue with article?

Submit a question: What does the Budget mean for your money?

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By Claer Barrett Verified, Nimesh Shah, Christine Ferrusi Ross, Steve Webb
| Financial Times Verified
From taxes and pensions to savings and investments, the Budget could have significant implications for your personal finances.
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Can I pay more into my pension to reduce my student loan repayments? Steve Webb replies

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By Steve Webb
| MSN UK Verified
I have a student loan which I repay via my salary every month. However, I owe a lot and the accumulating interest means the balance is going up rather than down. I don't think I will pay it off before the balance is wiped after 30 years. Is it worth paying more into a pension to reduce student loan payments if you think you will never be able to pay off the loan? And what's the difference for a basic and higher rate taxpayer?
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