Property News · January 14, 2013

Single-tier pension Q&A: what the state pension changes mean to you


The government has announced plans to simplify the state pension by introducing a single-tier system. Who are the winners and losers?The government has confirmed its plan to launch a single-tier state pension. The long-awaited changes will see everyone entitled to a standard rate of £144 a week in today’s terms, as long as they have built up enough national insurance contributions, and will do away with the second state pension and contracting out.Alongside the single-tier pension will come increases in the state retirement age. Continue reading…

Source : theguardian.com
Read more…Single-tier pension Q&A: what the state pension changes mean to you

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