Property News · February 10, 2014

Poorer state pensions for the millions advised to stay contracted in


If you contracted back in to the state second pension you could be hundreds of pounds the poorer when the new single-tier pension comes inThe state pension is changing, and both pensions minister Steve Webb and David Cameron are winners – but millions who didn’t contract out of the state system look likely to lose.It is estimated Webb’s state pension entitlement will increase by £37 a week when the complicated assortment of state pensions and top-ups are replaced in two years’ time by a supposedly simpler benefit, the “single-tier pension”. Continue reading…

Source : theguardian.com
Read more…Poorer state pensions for the millions advised to stay contracted in

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