about state pensions
The new pension measures, which come into force in 2016, represent the most significant change in the UK's pensions system for many years.
- They introduce a single-tier, flat-rate state pension, which will replace the basic and additional pensions for people reaching state pension age from 6 April 2016 onwards
- They increase the state pension age from 65 to 66 between April 2018 and April 2020 and from 66 to 67 between April 2026 and April 2028 and make provision for five-yearly reviews of the state pension age.
The changes aim to simplify the current pension system, and remove all means-tested calculations.
The government's new plans set out a universal payment of £148.40 a week for all those who reach their state pension age and have 35 years of National Insurance contributions.
Learn more about state pensions by downloading our detailed guide.
To learn more about state pensions download our detailed guide here.Download guide
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