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Federal Workers Report Severe Mental Health Impact After Unlawful FiringsUS federal workers laid off by the Trump administration are experiencing significant mental health effects, including PTSD-like symptoms, from losing their jobs, according to a new survey conducted by 27UNIHTED, a network of former National Institute of Health (NIH) employees.Mass Firings of Probationary Federal EmployeesMore than 300,000 federal workers have been laid off or pushed to resign or retire since the start of Donald Trump's second term. Among these, over 25,000 workers were laid off in the middle of their probationary period—meaning they had started their positions within a year or two when they were abruptly fired.The surveyed employees were located across 43 states and the US Virgin Islands and had worked in 12 different departments across 15 agencies, bureaus and subgroups. Individual stories highlight the personal impact of these terminations:Brier Ryver, a park ranger at Florida's Crystal River national wildlife refuge, was fired twice after initially being reinstatedChrista Reynolds, an NIH program analyst with eight years of experience as a contractor, received good performance reviews before being "illegally fired"Dr. Whitney Behr, a biologist with US Fish and Wildlife, had to move in with family after being fired during her probationary periodSurvey Reveals Widespread Mental Health Crisis Among Fired WorkersThe survey of more than 300 fired probationary employees revealed alarming mental health consequences:95% reported ongoing mental health effectsNearly half (48%) said they are experiencing PTSD-like symptomsA quarter (25%) are taking new medications to manage symptomsOne in five respondents reported being unemployed as of January 3149% who found new jobs reported earning significantly less in their new positionsOnly 11% of fired probationary workers found another role in the federal governmentThese findings directly contradict a claim Trump made in January that fired federal workers are "getting sometimes twice as much money, three times as much money" and "they're getting much better jobs and much higher pay."Precedent Set by Firings Threatens Civil Service ProtectionsA federal judge ruled in September that the firing of federal probationary employees was unlawful, though the federal government was not required to reinstate terminated employees. The judge overseeing the case noted concerns that the Supreme Court would overrule the relief if he ordered reinstatement of the fired workers.Ryver noted that the firings have set a dangerous precedent that could allow the federal government to fire employees on a whim despite civil service protections. "These unlawful terminations that should have never happened in the first place have had deep personal impacts," Ryver said. "I still have PTSD-like symptoms in my own life that are impacting my ability to work."Reynolds recalled a comment made by Russell Vought, Project 2025's lead architect, before he was appointed head of the Office of Management and Budget: "We want the bureaucrats to be traumatically affected." She expressed dismay at this statement: "It just seems like a terrible thing to say. You're targeting people who have dedicated their careers to helping the country."Long-Term Consequences for Federal Workforce and Public ServicesAs court cases related to the firings of probationary employees continue and workers file appeals with the merit systems protection board, the long-term consequences become increasingly apparent. More than 10,000 doctoral-trained experts in science and related fields have left the US since Trump started his second term, according to an analysis by Science.Behr emphasized the impact on public services: "There are a lot of PhD-level scientists that the government lost. There are species going extinct right now and there's just nothing we can do about it. There are projects that were paid for that are not getting completed."The White House deferred comment to the Office of Personnel Management, which did not respond to multiple requests for comment. Meanwhile, many affected workers continue to struggle with the aftermath of their dismissals, both financially and emotionally.

The Rise of Pension Scams The caller pitches a great deal. Shift the money saved in your pension and reinvest it in a scheme overseas where you can avoid it being caught under next year’s changes to the UK’s inheritance tax (IHT) system. From April next year, any money left in a defined contribution pension after your death, which is most workplace and all private pensions, will be pulled into the IHT net. How Scams Exploit Uncertainty One of the largest pension providers in the UK, Standard Life, has warned that scams like this will become more common before the changes in April 2027. Although the new rules will not affect everyone – the basic tax-free threshold for an estate is £325,000 – fraudsters will play on any confusion to try to convince people to move their money out of their pension, says Donna Walsh from Standard Life. Scams often start with unsolicited emails, calls, or messages. They might offer a free review of your pension or access to a scheme, or investment, with high returns, often located overseas. Common phrases used by scammers are “pension liberation”, “loan”, “loophole”, “savings advance”, “one-off investment” and “cashback”. Protecting Yourself from Scams Take care if you are called on the phone. Cold calling about pensions is illegal, so treat any unsolicited approaches with suspicion. As with all scams, the fraudsters want you to act impulsively and alone so don’t make any rash decisions and seek a second opinion. The Financial Conduct Authority has an online tool that you can use to check whether a company is authorised. If you want to make changes to your pension, you may want to talk to a regulated financial adviser. The government-backed MoneyHelper service can help find one. Future Outlook “Those with larger pots may be thinking about how best to pass on wealth, particularly where pensions could face inheritance tax and then income tax for beneficiaries,” says Mike Ambery of Standard Life. “For some, that might involve longer‑term planning or decisions about gifting, but there’s rarely a one‑size‑fits‑all answer. What’s important is not to be rushed into action – especially if someone is pushing a ‘quick fix’, or playing on fear.” If you think that a scam is happening, then you should report it to Report Fraud.

The UK's Inheritance Tax Expansion: A New Era for Pensions Many of us are still getting our heads around the price increases and tax tweaks that took effect this month, but you might want to give some thought to next April. Some big changes to pensions, savings and investments are coming down the track, and there are things you can do now and in the coming months to get ready for them. One change that is very much front of mind for a lot of older people – and is keeping financial advisers and wealth planners very busy – is Rachel Reeves's "inheritance tax raid" on unspent pension money that takes effect in just under a year's time. This has prompted many people to take action to avoid being landed with a bill that, for some, could run into five or six figures. Bringing unused pension pots within the scope of inheritance tax means that what was once seen as a tax on only the wealthiest "is now firmly a middle-income issue," says Rachael Griffin at the investment firm Quilter. Nicholas Nesbitt, a partner at the accountancy firm Forvis Mazars, says that for families, "the time for planning is now. We're seeing clients shifting their planning strategies, increasing retirement spending and accelerating gifting to cut the tax bill". The Technical Breakdown: How Inheritance Tax Will Apply to Pensions At the moment, pension savings are not normally part of someone's estate for inheritance tax (IHT) purposes. But from April 2027, money left in a defined contribution (AKA money purchase) pension after your death will be pulled into the IHT net. Most workplace pensions and all private pensions are this type. IHT is a tax paid on someone's assets after they die if they leave enough to go above a certain threshold. The standard IHT rate is 40%, and it is charged only on the part of the estate that is above the tax-free threshold, which is £325,000. (There is an extra allowance for homes.) The change means "unused" pension savings could be taxed as part of someone's estate if they help take the total value of the estate over the IHT threshold. Unused savings are money that hasn't been used to claim an income, such as by buying an annuity. The IHT exemption for spouses or civil partners will continue to apply, so everything can be left to them without a bill. But other beneficiaries could face tax. Financial Implications: The Cost of Inaction The potential tax bills could be substantial for many families. With the standard IHT rate at 40%, any pension savings that push an estate above the £325,000 threshold could result in significant tax liabilities. For those with substantial pension savings that remain unused, this could mean bills running into five or six figures. This change has already impacted the financial products market. Sales of annuities have soared: 2025 was a "record-breaking" year, and they now offer better value than they used to. This week, a 65-year-old who uses £100,000 of their pension savings to buy a basic single life level annuity could secure an annual income of about £7,800, rising to about £8,500 and £9,700 respectively at age 70 and 75. Shifting Financial Planning Landscape: The New Normal for Retirement The inclusion of pensions in inheritance tax calculations represents a fundamental shift in how families approach retirement planning. What was once a straightforward inheritance strategy has become more complex, requiring careful consideration of multiple factors. Financial advisers report being exceptionally busy as clients seek to understand their options and implement strategies before the April 2027 deadline. The change has prompted many people to take action to avoid being landed with a bill that, for some, could run into five or six figures. Bringing unused pension pots within the scope of inheritance tax means that what was once seen as a tax on only the wealthiest "is now firmly a middle-income issue," says Rachael Griffin at the investment firm Quilter. Nicholas Nesbitt, a partner at the accountancy firm Forvis Mazars, says that for families, "the time for planning is now. We're seeing clients shifting their planning strategies, increasing retirement spending and accelerating gifting to cut the tax bill". Future Outlook: Planning for the New Pension Tax Regime As we approach the April 2027 implementation date, we can expect continued growth in financial advisory services focused on inheritance tax planning. The pension industry may also develop new products specifically designed to help individuals navigate the changed tax landscape. Long-term, this policy change could influence how people approach retirement savings and spending patterns. Those with substantial pension savings may be encouraged to spend more during their lifetime rather than preserving assets for inheritance, potentially changing consumer behavior across multiple sectors. For younger generations, understanding these changes will be crucial as they plan their own retirement strategies and consider how their parents' financial decisions might impact their inheritance.