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The New State Pension and Age

The New State Pension and Age

The new legislation brought in by the government from 6th April 2016 introduced a differential of the state pension in England. The pension plan provides a higher rate of up to £155.65 per week to those who are eligible, supporting a more comfortable lifestyle. The new legislation is a confusing array of eligibility criteria on who can gain the State Pension, who has the old pension plan and who is not eligible at all. Read more

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MPs and Pensions

I have been listening to the rhetoric of MPs with regards to pensions for a long time but over the last few weeks, particularly with regards to one particular party, MPs are attacking pensions again. I feel I must make the following points: Read more

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Thinking of Deferring Your State Pension?

The government has nearly halved the incremental increase to the state pension offered to people that opt to defer their state pension.

The Pensions Minister Steve Webb said that individuals who chose to postpone their drawing of the state pension beyond the state pension age would get a 5.8% a year increase for each year deferred, down from 10.4% currently. Read more