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Single Tier State Pension
Pensions
We already knew from Budget 2012 that legislation would be introduced in the Finance Bill 2013 to remove the tax and NICs advantages of an employer paying a part of an employee’s remuneration into a family member’s pension pot. At Budget 2012, the report stated that ‘technical improvements will also be made to the annual [...]
State Pensions Reform – The Flat Rate Pension
The Department for Work and Pensions have revealed that the value of the State Pension paid to pensioners could vary by more than £200.00 per week as a result of the current pension system. This system provides for two entitlements and calculation methods – the Basic and the Additional (SERPS / S2P etc). Approximately 130,000 [...]
Budget 2012 – Pensions
Automatic Review of State Pension Age (SPa) Recent legislative changes have seen increases to the State Pension age from the familiar 65 for men and 60 for women. The current legislative position is as follows: SPa will be equalised at 65 for men and women by November 2018 (Pensions Act 1995, amended by Pensions Act [...]
