DEAR TRICIA

Need some practical financial advice? YOUR MONEY Editor Tricia Phillips and her team can help

QAA deferred pension is one that you have stopped paying into, but you’ve not yet retired or received a benefit from the scheme. If it’s a private sector scheme it is possible to transfer or cash in. But you need to ensure you understand fully what guaranteed benefits you

AYour friend should contact their bank immediately. They can also contact Action Fraud, the national

ANot really, unless you are concerned about inheritance tax. If this is the case then the limit is £3,000 per year in total. You can also use last year’s allowance if you’ve not already done so.